Fintech

Prepaid payments platform Recharge raises €45M to go on M&A spree

Fundraising /

With inflation still stubbornly high in comparison to previous years, and the siren voices of subscription services like Netflix and Spotify continuing to lure, consumers have understandably turned to alternative forms of payment to manage their household bills. As a result, online prepaid payment platforms have benefited.  That’s the bet being laid today by Recharge, […]

Prepaid payments platform Recharge raises €45M to go on M&A spree Read More »

Clearwater agrees to buy investment management platform Enfusion for $1.5B

Fundraising /

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of

Clearwater agrees to buy investment management platform Enfusion for $1.5B Read More »

Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B

Startups /

Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs, which CEO and co-founder Rob

Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B Read More »

Bench customers are now being forced to hand over their data or risk losing it, they say

Fintech /

After accounting startup Bench abruptly shut down on December 27 and was bought in a fire-sale by Employer.com, Bench customers are now learning they can’t easily just take their financial data and leave.  And some are very unhappy about it, three customers told TechCrunch. To recap: When Bench, a startup based in Canada that raised

Bench customers are now being forced to hand over their data or risk losing it, they say Read More »

Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays

Startups /

Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log

Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays Read More »

Robinhood, already a ‘comeback’ stock, has even more aggressive plans for 2025

Fintech /

Robinhood CEO Vlad Tenev has a lot to celebrate this holiday season. After a bumpy few years following Robinhood’s 2021 IPO — a period during which shares of the commission-free trading app plummeted by more than 90% after it abruptly restricted trading in some meme stocks —  the 12-year-old company was just declared Yahoo Finance’s

Robinhood, already a ‘comeback’ stock, has even more aggressive plans for 2025 Read More »

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs

Venture /

Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium businesses, has abruptly shut down, according to a notice posted on its website.   “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. “We know this news is abrupt and may

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs Read More »

Revenue-based financing startups continue to raise capital in MENA, where the model just works

Startups /

In an era where it’s become tougher to raise venture capital, many companies have turned to non-dilutive, Revenue-Based Financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The

Revenue-based financing startups continue to raise capital in MENA, where the model just works Read More »

While some account-to-account payments players falter, Volume raises fresh cash

Fundraising /

Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe — and those costs are usually passed to consumers. So-called ‘account-to-account’ or ‘A2A’ payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been

While some account-to-account payments players falter, Volume raises fresh cash Read More »