Posts filtered by tags: Rapyd[x]


 

Checkout wants to be Rapyd and Fast

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. We’re back on this lovely Saturday with a bonus episode! Again! There is enough going on that to avoid failing to bring you stuff that we think matters, we are back yet again for more. This time around we are not talking Roblox, we’re talking about ecommerce, and a number of rounds — big and small — that have been raised in the space. Honest question: do y’all plan...
Tags: Apple, Fundings & Exits, Startups, TC, Ecommerce, Bolt, Danny, Webflow, Fast, Roblox, Equity podcast, Rapyd, Checkout.com, Nacelle, Tradeswell, Natasha Grace Danny


Daily Crunch: Airbnb cancels all DC bookings during inauguration week

Airbnb takes a big step to avoid violence at the inauguration, Intel gets a new CEO and Affirm goes public. This is your Daily Crunch for January 13, 2021. The big story: Airbnb cancels all DC bookings during inauguration week Airbnb said today that “in response to various local, state and federal officials asking people not to travel to Washington, D.C.” it will be canceling all reservations in the area for next week, which is the week of President-elect Joe Biden’s inauguration. This will appl...
Tags: Washington, Tech, Joe Biden, Intel, Policy, FLO, Airbnb, Ftc, Pat Gelsinger, Gelsinger, Bob Swan, Rapyd, Dear Sophie, Airbnb Apple, Universities Startups


Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API

A wave of organizations — propelled by global Covid-19 pandemic circumstances — are moving their commercial and financial interactions online, and today one of the big players helping to enable that shift is announcing a significant round of growth funding to expand the tools and services that provides to them. Rapyd, which provides an API-based “fintech-as-a-service” platform covering payments, banking services, fraud protection and more, has raised $300 million, funding that CEO and co-founder...
Tags: TC, Germany, Tech, Italy, Mambu, Arik, Entree Capital, Coatue, Temenos, Kris Fredrickson, Thought Machine, Rapyd, Arik Shtilman, Shtilman, Spark Capital Avid Ventures FJ Labs


Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the ground up, but are instead using third-party technology to power these services. Today, one of the big players in providing that tech is announcing a large round of funding to expand its business, ...
Tags: Asia, Spotify, Europe, Finance, Berlin, Funding, US, Tech, Italy, Gartner, South America, Santander, Bay Area, Mambu, Abn Amro, Eugene


Mambu raises $122M at a $2B+ valuation for a SaaS platform that powers banking services

Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the ground up, but are instead using third-party technology to power these services. Today, one of the big players in providing that tech is announcing a large round of funding to expand its business, ...
Tags: Asia, Spotify, Europe, Finance, Berlin, Funding, US, Tech, Italy, Gartner, South America, Santander, Bay Area, Mambu, Abn Amro, Eugene


B2B challenger bank Finom raises $7M Seed from Target Global and General Catalyst

Just as challenger banks have appeared in the B2C space, so to have B2B startup banks aimed small businesses, among them startups like Qonto (Fr), Tide (UK), Penta (GER) and CountingUp (UK). Today another such firm, Finom, has closed a €6.5m ($7M) seed funding round led by Target Global, with participation from General Catalyst. Further investors include FJ Labs, Raisin founders Tamaz Georgadze, Frank Freund and Michael Stephan, and Ilya Kondrashov, the founder of MarketFinance. The company w...
Tags: TC, Europe, UK, London, France, Germany, Russia, Berlin, Tel Aviv, Tech, Eu, Barcelona, European Union, Banking, United Kingdom, Italy


A tiny nation of 8 million people is one of the leading startup hubs in the world. Here's why Israel produces so many top entrepreneurs.

Israel is among the world's 50 smallest countries with a population of just eight million people, but has produced some outsized tech hits such as mapping firm Waze, freelance platform Fiverr, and insurance startup Lemonade. The country has been beset by political difficulties since its founding but has emerged to be one of the strongest economies in the region, thanks to a strong education system, can-do attitude, and scores of ambitious founders. Business Insider spoke to four tech entrepren...
Tags: Google, Facebook, New York, London, Saudi Arabia, Israel, US, Tel Aviv, Trends, Intel, Aol, Middle East, Pegasus, Silicon Valley, WeWork, Waze


$20 billion Stripe is investing in a digital payments company that's aiming to be the Amazon Web Services of the fintech world

Fintech unicorn Stripe participated in a $40 million financing round for payments service company Rapyd. Rapyd aims to use the new cash to build what it calls "the world's largest local payments network." It's a critical component of its ambition to become the Amazon Web Services of the fintech world. Stripe, one of Silicon Valley's hottest payment startups valued at $20 billion, is backing another payments company.  Rapyd, which offers a mobile-first financial network, said on Wednesday it ...
Tags: Trends, Silicon Valley, Amazon Web Services, Rapyd, Arik Shtilman, Shtilman, Rapyd Rapyd, General Catalyst The Mountain View California, Stripe Shtilman


Rapyd nabs $40M led by Stripe and GC for ‘fintech as a service’, a single API for payments, money transfer and more

As ever more transactions move on to digital platforms, a startup that is building a swiss army knife of financial services — from payments to currency transfers, ID verifications and card issuing — for companies to use by way of a single API — is announcing funding. Rapyd, a “fintech as a service startup akin to AWS for financial services” according to its CEO, has raised $40 million. The company plans to use the funds to continue to add more financial services to its platform, more staff to bu...
Tags: TC, Tech, Paypal, Adyen, Avaya, Rapyd, Arik Shtilman, Shtilman, Adam Valkin Partner