Fintech

Grifin secures $11M to make investing less intimidating

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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

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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.

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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

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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

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“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

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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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5 days left to claim your exhibitor table for TC All Stage | TechCrunch

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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

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Karat Financial is bringing business banking to creators

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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.

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