Flourish Ventures, an early-stage venture firm investing exclusively in fintech companies in the U.S. and in emerging markets, has secured $350 million in fresh capital, TechCrunch is the first to report. The new raise brings the four-year-old firm’s total assets under management to $850 million. Unlike traditional venture outfits, Flourish is...
Fintech startup Plaid has hired former Expedia CFO Eric Hart to serve as its first chief financial officer. When asked if the move meant that the company was planning to go public, a spokesperson told TechCrunch: “We do not have any plans to IPO at this time…It will be a...
Moving from one country to another is difficult in many ways, not the least of which involves starting over financially. Nova Credit, which started out as a graduate research project out of Stanford University about seven years ago, was founded to help immigrants overcome the obstacles of applying for things...
Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively that it just raised $40 million through one of these mechanisms, led by early and existing backer T. Rowe Price. It’s an interesting wrinkle for...
Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and Todd Berman (who left in 2020), San Francisco-based Braid set out to offer friends and family an FDIC-insured, multi-user account that was designed to make...
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech companies to easily develop financial services, has been open about past layoffs. In June, CEO Sankaet Pathak wrote in a...
In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in the not-too-distant-future — “nearly every company” would derive a significant portion of its revenue from financial services. Over the years, that prediction has played out to...
Ten years ago, Robinhood was founded to “democratize” stock trading, or more simply, to make it more accessible for anyone to trade stocks. Over time, the now publicly traded company has broadened its offerings – allowing users to do far more than just buy shares of stocks. Today, its goal...
Arturo Villanueva spent over four years on Stripe’s financial partnerships team, where he led partnerships with Visa, Mastercard, American Express, and regional banks across Latin America, struck strategic deals with JPMorgan Chase, Wells-Fargo, and Bank of America in the U.S., and the underlying infrastructure partners for the fintech giant’s...
Online mortgage lender Better.com is making its public debut Thursday on the Nasdaq Capital Market under the ticker symbols “BETR” and “BETRW.” The stock will be priced at $10 per share. After merging with SPAC Aurora Acquisition Corp., the combined entity is called Better Home & Finance Holding Company. The...