acrew capital

Chime backer Lauren Kolodny bets on AI to revolutionize estate processing

AI /

Lauren Kolodny, a partner at Acrew Capital, has always championed technology’s power to democratize access to financial services for everyday people. When the fledgling neobank Chime struggled to convince investors in 2016 that it could build a large business serving the working class, Kolodny was the only VC out of a 100 Chime pitched who […]

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

Fintech /

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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Finix raises $75 million to take on Stripe as a payment processor

Fintech /

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

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Nala to use $40M Series A to build B2B payments platform, scale remittance services

Startups /

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,

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