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 […]
Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B. Read More »
Finix has been slowly chipping away at Stripe – which handles payments with millions of businesses – for years now. But after previously helping companies set up internal payment systems of their own, the startup officially became a payment processor in 2023, just like Stripe. Now, Finix is geaingr up for its biggest push against
Finix raises $75 million to take on Stripe as a payment processor Read More »
Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $1.7 billion. It’s unclear how much of
Acrew Capital hits five years, raises $700m Read More »
Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa. The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF Capital,
Nala to use $40M Series A to build B2B payments platform, scale remittance services Read More »
