Fintech

Ryan Breslow is back as CEO of fintech Bolt, after years of controversy

Startups /

Ryan Breslow is once again the CEO of Bolt, the fintech company told TechCrunch on Wednesday. Bolt shared a communication that recently went out to investors in which Breslow wrote that “following a challenging few years,” he had been reinstated as Bolt’s CEO with “unanimous approval” of the board of the one-click checkout company. Justin […]

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Ramp has more than doubled its annualized revenue to $700 million

Startups /

Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the company’s internal operations. The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that

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Fintech startup Ramp nearly doubles valuation to $13B in secondary share sale

Fintech /

Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures and Definition Capital bought the secondaries from employees and early investors.

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Taktile helps fintechs build automated decision-making workflows

Fundraising /

The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with

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Capim, a Brazilian BNPL startup for dental services, lands a $26.7M Series A

Fintech /

Capim, a startup offering Brazilians the option to buy now, pay later (BNPL) for dental services, has raised $26.7 million in Series A funding, it tells TechCrunch exclusively. Founded in July 2021 by Marcelo Lutz and Roberto Biselli, who serve as co-CEOs, Sao Paulo-based Capim describes itself as a vertical SaaS company specializing in the

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Brex eyes $500M in revenue as it adds the likes of Anthropic and Robinhood as customers

Fintech /

Fintech Brex expects its annual net revenue to reach $500 million in 2025, according to a person familiar with the company’s operations as cited by Bloomberg and The Information. While the startup did not comment on the specific revenue projection, it did share that Brex has seen “3x overall revenue growth” year-over-year. It also told

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Fintech founder Charlie Javice’s criminal trial has begun

Startups /

The criminal trial against fintech startup founder Charlie Javice began on Friday, with lawyers laying out their opening arguments, Reuters reported.  Lawyers reiterated their original claims and defenses from the lawsuit filed by JPMorgan Chase against Javice in December of 2022. The financial services giant alleges that Javice had helped “fake millions of customers in

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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

Fundraising /

Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook. 

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