Fintech

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts. But soon after ChatGPT was released, it occurred to him that AI can change how professional service firms use technology. “I realized I was barking up the wrong

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Grifin secures $11M to make investing less intimidating for its female user base

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured a $11 million Series A funding round, bringing the total amount raised to around $22 million.  Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its

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Grifin secures $11M to make investing less intimidating

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured an $11 million Series A funding round, bringing the total amount raised to around $22 million.  Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its

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In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary

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Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B.

One of the year’s most anticipated IPOs took place on Thursday when neobank Chime raised $864 million in its IPO, pricing its shares at $27, above its previously announced range of $24 to $26. That gave it a starting market cap of about $9.8 billion. While some would point out that this is far below

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Profitable African fintech PalmPay is in talks to raise as much as $100M

PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy

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Klarna CEO says company will use humans to offer VIP customer service

“My wife taught me something,” Klarna CEO Sebastian Siemiatkowski told the crowd at London SXSW. He was addressing the headlines about the company looking to hire human workers after previously saying Klarna used artificial intelligence to do work that would equate to 700 workers. “Two things can be true at the same time,” he said.

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Venmo introduces new debit card benefits and payment options as rival Cash App struggles

Venmo aims to be more than just an app for paying friends with its latest update.  On Wednesday, the PayPal-owned payment platform debuted several new debit card benefits and expanded the ability to make payments with retailers such as TikTok Shop and Uber. The updates signal Venmo is trying to become more of a full-service

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