Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26. That’s an up-to-$11.2-billion market cap. At the mid-range, the company will raise $800 million for itself and a handful of investors, including European VC powerhouse Cathay Innovation, who plan to sell […]
Chime, last valued at $25B, aims for $11B in upcoming IPO Read More »
Time is running out. Exhibitor tables for TechCrunch All Stage, happening July 15 in Boston, are nearly gone — and the final deadline to secure your spot is this Friday, June 6. TC All Stage is the go-to summit for founders at all stages. Designed to deliver actionable insights and practical guidance, it also connects
5 days left to claim your exhibitor table for TC All Stage | TechCrunch Read More »
Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank Grasshopper, Karat’s banking product is a natural extension of its credit card offering with Visa. “Six years in, the problem we’re solving is still the same,” co-founder and co-CEO Eric Wei told TechCrunch.
Karat Financial is bringing business banking to creators Read More »
For accounting departments, no software is more important than the general ledger system. It’s the central hub that summarizes all financial transactions, providing the essential data needed to create accurate financial statements. “The general ledger is the beating heart of the finance function, and so asking a company to remove it is a kind of
Rillet raises $25M from Sequoia to automate general ledger systems using AI Read More »
Sebastian Siemiatkowski is leaning all the way into the idea that his buy-now-pay-later, IPO-bound startup Klarna is an AI company. When Klarna delivered updated quarterly earnings on Monday, it was his AI avatar (pictured above) that presented the highlights, according to the company’s YouTube video. Other than AI Siemiatkowski’s admission, it wasn’t obvious that this
Klarna used an AI avatar of its CEO to deliver earnings, it said Read More »
Brex has once again made the surprising, but perhaps realistic, decision to partner with another one-time competitor. This time Zip, the CEOs of both companies told TechCrunch exclusively. In April 2022, fintech Brex announced it was making “a big push” into both the enterprise and software. The news was notable considering that Brex originally was
Monzo, Britain’s biggest digital bank, is still synonymous with its neon debit cards, extensive use of emojis, and free spending abroad. But it’s no longer just trying to be cool; it’s trying to become a major financial institution. That shift, from an upstart fintech beloved by millennials into a mature, sustainable business, is what makes
Monzo’s pivot from cool to corporate: ‘freshness is not about gimmicks’ Read More »
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the
Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push Read More »
Savings and investing startup Acorns has acquired EarlyBird, an investment gifting platform for families, the company told TechCrunch exclusively. The financial terms of the deal were not disclosed. As part of the acquisition, EarlyBird will shut down, and all customer accounts will officially close on June 23. Customers’ funds will be returned to the bank
Acorns acquires family wealth and digital memory platform EarlyBird Read More »
At long last, digital consumer bank Chime has moved forward with its IPO by filing its S-1 paperwork Tuesday. Chime had reportedly filed confidential S-1 paperwork back in December. S-1 filings typically reveal all kinds of information, covering financial, legal, and other risk factors. But Chime’s S-1 documents still have a lot of blank spaces.
$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks Read More »
