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Treasury Prime raises $20M to scale its banking-as-a-service biz

This morning Treasury Prime, a banking-as-a-service startup that delivers its product via APIs, announced that it has closed a $20 million Series B. The capital comes around a year since the startup announced its Series A, and around 1.5 years since it raised its preceding round. For Treasury Prime, the new capital was an internal affair, with prior investors stepping up to lead its new round of funding. Deciens Capital and QED Investors co-led the round, with Susa Ventures and SaaStr Fund also ...
Tags: Fundings & Exits, Startups, TC, Finance, Tech, Treasury, Api, Stripe, Fintech, Susa Ventures, Early Stage, Dean, Chris Dean, Treasury Prime, PitchBook data Treasury


Paystack expands to South Africa seven months after Stripe acquisition

Nigerian fintech startup Paystack has been relatively quiet since it was bought by fintech giant Stripe last October . The deal, worth more than $200 million, caused shockwaves to the African tech ecosystem and offered some form of validation to work done by founders, startups and investors alike . Today, the payments company, which powers businesses with its payment API and is actively present in Nigeria and Ghana, is announcing its official launch in South Africa . In 201...
Tags: TC, Nigeria, Africa, Tech, UPS, South Africa, Payments, Stripe, Ghana, Patrick Collison, Flutterwave, Abdulrahman Jogbojogbo, Visa Tencent, Paystack, Shola Akinlade, Yoco


Will fintech unicorn Flywire’s proposed IPO reach escape velocity?

It’s a big morning for fintech startups today: Flywire, a Boston-based magnet for venture capital, has filed to go public. Flywire is a global payments company that attracted more than $300 million as a startup, according to Crunchbase, most recently raising a $60 million Series F last month. We don’t have its most recent valuation, but PitchBook data indicates that the company’s February 2020, $120 million round valued Flywire at $1 billion on a post-money basis. So what we’re looking at here i...
Tags: Fundings & Exits, Startups, Finance, Ipo, Boston, Tech, Paypal, Goldman Sachs, Stripe, Fintech, Unicorns, Adyen, Bain Capital Ventures, PitchBook, Flywire, The Exchange


Weav raises $4.3M to knit together a universal API for commerce platforms

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by engineers Ambika Acharya, Avikam Agur and Nadav Lidor after participating in the W20 YC batch, Weav joins the wave of fintech infrastructure companies that aim to give fintechs and financial institutions a boost. Specifically, Weav’s embedded technology is designed to give these organizations acc...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Y Combinator, Money, Finance, Funding, Startup, Tech, Banking, E-commerce, Paypal, Venture Capital, Davis, Api


4 ways martech will shift in 2021

Tim Parkin Contributor Share on Twitter Tim Parkin, president of Parkin Consulting, is a consultant, advisor, and coach to marketing executives globally. He specializes in helping marketing teams optimize performance, accelerate growth, and maximize their results. The tidal wave of growth is upon us — an unprecedented economic boom that will manifest later this year, bringing significant investments, acquisitions and customer ...
Tags: Column, Enterprise, Entrepreneurship, Marketing, Tech, Netflix, Stripe, Product Marketing, Al Ries, Jack Trout, Tim Parkin, EC Column, EC News Analysis, Parkin Consulting


India’s Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch

Six-year-old Bangalore-based fintech Razorpay topped a $1 billion valuation late last year, becoming the first Y Combinator-backed Indian startup to reach the much sought after unicorn status. In less than six months since, the Indian startup has tripled its valuation and is preparing to launch in the Southeast Asian markets. Razorpay said on Monday it has raised $160 million in its Series E financing round that valued the startup at $3 billion, up from “a little over” $1 billion valuation in th...
Tags: Facebook, Asia, Finance, Southeast Asia, Singapore, India, Softbank, Funding, Tech, Stripe, Mathur, Airtel, Bangalore, Swiggy, Southeast Asian, GIC


Clubhouse Is Partnering With Stripe To Offer Direct Payments, and Creators Will Get 100% of the Profits

The invite-only audio chat app Clubhouse is sweetening the deal for creators by offering a direct payment option that would allow them to reap 100% of the rewards.Read more...
Tags: Science, Technology, Social Media, Software, Mobile Payments, Online Payments, Stripe, Up, Clubhouse, Mobile Applications, Business Finance, Service Industries, Social Networking Services, Payme


Jeff Bezos’ investment fund is backing a startup hoping to be the AWS for SMB accounting

One of the biggest pain points for startups and small businesses is keeping up with back office tasks such as bookkeeping and managing taxes. QuickBooks, it seems, just doesn’t always cut it. Three-time co-founders Waseem Daher, Jeff Arnold, and Jessica McKellar formed Pilot with the mission of affordably providing back office services to startups and SMBs. With over 1,000 customers, it has gained serious traction over the years. And Pilot has now also received validation from some big-...
Tags: Fundings & Exits, Startups, Finance, Funding, Tech, Austin, SaaS, Venture Capital, Aws, Jeff Bezos, Stripe, Pilot, Oracle, Amazon Web Services, QuickBooks, Bezos Expeditions


Daily Crunch: Stripe valued at $95B

Stripe gets a mind-boggling valuation, Facebook promotes COVID vaccines and Elon Musk has an interesting new title. This is your Daily Crunch for March 15, 2021. The big story: Stripe valued at $95B That’s right: The popular payments company has raised $600 million in new funding at a $95 billion valuation. It says it will use the money to expand in Europe while also growing its global payments and treasury network. “Whether in fintech, mobility, retail or SaaS, the growth opportunity for the ...
Tags: Fundings & Exits, Facebook, Europe, Elon Musk, Adobe, Funding, US, Tech, Tesla, Netflix, Bmw, Payments, Stripe, Collins, Digitalocean, Musk


Equity Monday: Stripe’s epic new valuation, Deliveroo’s IPO, and WeWork numbers

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and make sure to check out Friday’s news-roundup with Danny and Natasha that included som...
Tags: Apple, Google, Fundings & Exits, Startups, TC, Tech, WeWork, Stripe, Coinbase, Deliveroo, Reuters, Danny, Natasha, Equity podcast, Megvii, Flourish Ventures


Stripe Continues Cash Haul, Now Valued at $95 Billion

The online payment company Stripe continues to attract investors, raising $600 million in funding to reach a whopping company valuation of $95 billion.
Tags: Stripe


Stripe’s epic new valuation and the value-capture gap between public and private markets

Well, it happened. Over the weekend, Stripe announced the closure of its widely reported new round of capital. The $600 million round values the payments and banking software company at $95 billion, near the top end of the valuation range at which the company was said to be raising funds back in November 2020. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. Sadly, despite being bigger than most public comp...
Tags: Fundings & Exits, Startups, TC, Finance, Tech, Software, SaaS, Payments, Stripe, Exchange, Roblox, The Exchange, payments Tech, EC Newsletter, EC Fintech


Stripe Raises $600M, Company Valued at $95B

The online payment company Stripe continues to attract investors, raising $600 million in funding to reach a whopping company valuation of $95 billion.
Tags: Stripe


Stripe hit a $95 billion valuation, leapfrogging SpaceX, Instacart, and Didi Chuxing on the leaderboard of tech giants

Stripe Co-founder and CEO Patrick Collison. AOP.Press/Corbis/Getty Images Stripe has raised a new $600 million funding round at a valuation of $95 billion, it said Sunday. The payments firm is now more valuable than SpaceX, Instacart, and Chinese ride-hailing giant Didi Chuxing. Worldwide, Stripe trails TikTok parent ByteDance and Jack Ma's fintech Ant Group. See more stories on Insider's business page. Payments company Stripe on Sunday said a new funding round had valued it at $95...
Tags: Amazon, Europe, Spacex, Elon Musk, India, Trends, Ireland, Silicon Valley, Dublin, Stripe, Instacart, Jack Ma, Deliveroo, Patrick, John Collison, Brazil Indonesia


Stripe's valuation soars to $95 billion after $600 million funding round

Digital-payments company Stripe said Sunday it had closed a $600 million funding round that values the company at $95 billion -- more...
Tags: Stripe


Stripe Says Raised $600 Million in Funding Round at a $95 Billion Valuation

(Reuters) - Payment processing firm Stripe said on Sunday its valuation hit $95 billion after it raised $600 million in a new funding round.That...
Tags: Stripe, Reuters Payment


Assembled, an operating system for support teams, raises $16.6M

From the point of view of a consumer, customer service sometimes feels like a monolith, but behind the scenes it can be a very fragmented business, with dozens of companies providing various different tools to help agents do their jobs. Today, a startup founded by three Stripe alums that has set out to build a platform that helps organizations manage that spaghetti of customer service IT, and use it more efficiently, is announcing a round of funding to continue growing its business. Assembled, w...
Tags: TC, Enterprise, Funding, Tech, Stripe, Devops, Felicis Ventures, Emergence Capital, Customer Support, Ryan, Sze, Brian Sze, John Wang, Personnel, Jake Saper, Assembled


How to overcome the challenges of switching to usage-based pricing

Kyle Poyar Contributor Share on Twitter Kyle Poyar is VP of Growth at OpenView. More posts by this contributor Subscription-based pricing is dead: Smart SaaS companies are shifting to usage-based models The usage-based pricing model almost feels like a cheat code — it enables SaaS companies to more efficiently acquire new customers, grow with those customers as they’re successful and keep those custom...
Tags: Cloud, Column, Tech, SaaS, Aws, Stripe, Snowflake, Twilio, HubSpot, Software As A Service, Datadog, EC Column, EC Cloud and Enterprise Infrastructure, EC How To, Kyle Poyar, Data analytics company Snowflake


If Coinbase is worth $100 billion, what’s a fair valuation for Stripe?

Mere days after we discussed Coinbase at $77 billion and Stripe at $115 billion in the private markets, those same semi-liquid exchanges have provided a new valuation for the cryptocurrency company. It’s now $100 billion, per Axios’ reporting. Good thing we argued last week that there could be some merit to Coinbase’s $77 billion secondary market valuation from a particular perspective. We’d look silly today if we’d mocked the $77 billion figure only for it to go up by about a third in just a fe...
Tags: Fundings & Exits, Startups, TC, Finance, Tech, Stripe, Coinbase, Exchange, Dan Primack, The Exchange, Axios, EC Newsletter, EC Fintech, Bitcoinity org Coinbase


Paying $115B for Stripe or $77B for Coinbase might be quite rational

CoinDesk reported yesterday that crypto trading startup Coinbase is being valued at $77 billion on private exchanges. And Forbes reported that Stripe is being valued at $115 billion on secondary markets, where private shares can be bought and sold, albeit in a limited fashion. I instantly wanted to write a piece headlined “Beware those super hot secondary market valuations,“ but after a little digging, I cannot. It turns out that the public markets are so hot, there is historical precedent for s...
Tags: Fundings & Exits, Startups, TC, Uber, Ipo, Tech, Stripe, Coinbase, Exchange, Forbes, The Exchange, EC Newsletter, EC Fintech


With software markets getting bigger, will more VCs bet on competing startups?

This morning I covered three funding rounds. One dealt with the no-code/low-code space, another focused on the OKR software market, and the last dealt with a company in the consumer investing space. Worth a combined $420 million, the investments made for a contentedly busy morning. But they also got me thinking about startup niches and competition. Back in the days when inside rounds were bad, SPACs were jokes and crypto a fever dream, there was lots of noise about investors who declined to plac...
Tags: Fundings & Exits, Startups, TC, Enterprise, Finance, Tech, Stripe, Sequoia, Exchange, OKR, The Exchange, Finix, Public.com, Ally.io, EC Newsletter, EC Fintech


Citadel ID raises $3.5M for API-delivered income and employment verification

This morning Citadel ID announced a combined $3.5 million raise for its income and employment verification service. The startup provides an API to customer companies, allowing them to rapidly verify details of consumer employment. The capital came from a blend of venture firms and angels. On the firm side, Abstract and Soma VC were in there, along with ChapterOne. Brianne Kimmel put capital in as well, according to the startup. And denizens with work histories at companies like Zynga (Mark Pincu...
Tags: Fundings & Exits, Startups, TC, Business, Entrepreneurship, Tech, Companies, United States, Zynga, Computing, Private Equity, Human Resources, Lending, Stripe, Twilio, Mark Pincus


Accord launches B2B sales platform with $6M seed

The founders of Accord, an early stage startup focused on bringing order to B2B sales, are not your typical engineer founders. Instead, the two brothers, Ross and Ryan Rich, worked as sales reps seeing the problems unique to this kind of sale first-hand. In November 2019, they decided to leave the comfort of their high-paying jobs at Google and Stripe to launch Accord and build what they believe is a missing platform for B2B sales, one that takes into account the needs of both the sales person a...
Tags: Google, Startups, TC, Y Combinator, Enterprise, Funding, Tech, SaaS, Stripe, Ross, Rich, Accord, B2B sales, Sales Tools, Recent Funding, Ryan Rich


Stripe 'Will No Longer Process Payments' For Trump's Campaign Site (slashdot)

"It might be easier at this point to ask which tech platforms President Donald Trump can still use," jokes TechCrunch. The Wall Street Journal reports: Stripe Inc. will no longer process payments for President Trump's campaign website following last week's riot at the Capitol, according to people familiar with the matter. The financial-technology company handles card payments for millions of online businesses and e-commerce platforms, including Mr. Trump's campaign website and online fundrais...
Tags: News, Donald Trump, Stripe, Wall Street Journal, Journal, Trump, Capitol, Stripe Inc, EditorDavid, Snap Facebook Twitter Pinterest Spotify


Stripe has reportedly stopped processing Trump campaign donations after the riots in the Capitol, arguing that the campaign encourages violence

President Donald Trump. AP Photo/Patrick Semansky Stripe has stopped processing donations for President Donald Trump's campaign website, sources told the Wall Street Journal. The campaign violated Stripe's policies against encouraging violence, the sources said. Just hours before Trump supporters stormed the Capitol Wednesday, the president urged people to object to the election results and "fight" for him. Trump's campaign has raised hundreds of millions of dollars to help fund legal chal...
Tags: Apple, Google, Amazon, Facebook, Politics, Congress, Finance, Trends, Joe Biden, Gop, Reddit, Marriott, Biden, Donald Trump, Morgan Stanley, Stripe


Stripe 'Will No Longer Process Payments' For Trump's Campaign Site

"It might be easier at this point to ask which tech platforms President Donald Trump can still use," jokes TechCrunch. The Wall Street Journal reports: Stripe Inc. will no longer process payments for President Trump's campaign website following last week's riot at the Capitol, according to people familiar with the matter. The financial-technology company handles card payments for millions of online businesses and e-commerce platforms, including Mr. Trump's campaign website and online fundrais...
Tags: Tech, Donald Trump, Stripe, Wall Street Journal, Journal, Trump, Capitol, Stripe Inc, Snap Facebook Twitter Pinterest Spotify


Stripe reportedly joins the tech platforms booting President Trump from their services

It might be easier at this point to ask which tech platforms President Donald Trump can still use. Payment-processing company Stripe is the latest tech company to kick Donald Trump off of its platform, according to a report in The Wall Street Journal. That means the president’s campaign website and online fundraising arms will no longer have access to the payment processor’s services, cutting off the Trump campaign from receiving donations. Sources told the Journal that the reason for the c...
Tags: TC, Facebook, Technology, Tech, Paypal, Capitol Hill, Donald Trump, Stripe, Charlottesville, Journal, Shopify, Trump, Capitol, Capitol Riot, Snap Facebook Twitter Pinterest Spotify


Color raises $167 million funding at $1.5 billion valuation to expand ‘last mile’ of US health infrastructure

Healthcare startup Color has raised a sizable $167 million in Series D funding round, at a valuation of $1.5 billion post-money, the company announced today. This brings the total raised by Color to $278 million, with its latest large round intended to help it build on a record year of growth in 2020 with even more expansion to help put in place key health infrastructure systems across the U.S. — including those related to the “last mile” delivery of COVID-19 vaccines. This latest investment ...
Tags: Health, Amazon, Startups, TC, Uber, Business, Funding, US, San Francisco, Tech, Customer Experience, Economy, Companies, United States, Healthcare, Healthcare Industry


Color raises $167 million funding at $1.5 billion valuation to expand ‘last mile’ of U.S. health infrastructure

Healthcare startup Color has raised a sizeable $167 million in Series D funding round, at a valuation of $1.5 billion post-money, the company announced today. This brings the total raised by Color to $278 million, with its latest large round intended to help it build on a record year of growth in 2020 with even more expansion to help put in place key health infrastructure systems across the U.S. – including those related to the “last mile” delivery of COVID-19 vaccines. This latest investment...
Tags: Health, Amazon, Startups, TC, Uber, Business, Funding, San Francisco, Tech, Customer Experience, Economy, Companies, United States, Healthcare, Healthcare Industry, Online Sales


Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa

Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture. Currently operating in Kenya and Nigeria, Umba offers a digital financial service alternative to legacy African banks. Its mobile app gives customers a free checking account, free instant peer-to-peer money transfers, lending, deposits, BillPay and cashback....
Tags: TC, Europe, Business, Nigeria, Africa, Articles, Tech, Banking, Ceo, Economy, Kenya, Bank, Stripe, East Africa, Ludlow Ventures, Brett deMarrais