When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1 […]
Welcome to TechCrunch Fintech! This week we’re looking at the story behind the sale of Divvy Homes, Ramp’s new product, some notable fundraising deals, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Image Credits:Divvy
This startup is selling for $1B, so why is its founder not proud of the outcome? Read More »
As tech titans like Elon Musk and Mark Zuckerberg rubbed shoulders with politicians at President Trump’s inauguration, startup founders were working the D.C. party scene, aiming to secure a spot in the new president’s circle. Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Margaux MacColl and Anthony Ha are digging into the latest tech and
How are founders positioning themselves for the next 4 years? Read More »
After a turbulent few years for companies operating in the real estate market, Divvy Homes announced Wednesday that it is getting acquired by a division of Brookfield Properties for about $1 billion. The outcome is not a fire sale as previously described in other reports, although it is less than the $2.3 billion that Divvy
Rent-to-own startup Divvy Homes selling to Brookfield for about $1 billion Read More »
Many proptech startups, born and funded during the low-interest-rate heydays, are in the throes of struggle. With investments into U.S.-based real estate startups falling from $11.1 billion in 2021 to $3.7 billion last year, according to PitchBook data, some are selling themselves off, while others are closing shop. The two most recent examples are the
Once high-flying proptech startups Divvy Homes and EasyKnock are the latest to struggle Read More »
