Every now and again you meet a person who has forgotten more about a sector than you will ever know; one such person is Jeremy McCarty, Co-Founder and CEO of Valligent Technologies. His knowledge of the industry spans all elements of the value chain but when it comes to the key element of appraisals, McCarty […]
For founder Khalid Parekh, there’s an unusually strong incentive to make sure his startup, which publicly launched today, doesn’t stray too far from its goal of creating financial products for underserved communities: 90% of the investors that invested in his $20 million raise are immigrants and minorities—the people who Parekh aims to serve. The news […]
Payments company Nuvei has entered into an agreement to acquire Simplex, a fintech startup, for about $250 million in cash.
Global payments remittance processor Remitly is prepping for an initial public offering that could value it at about $5 billion, Reuters reported citing sources familiar with the matter.
Railz, a Toronto-based company that offers an API that integrates with most accounting software service providers used by small businesses, wants to help banks and fintechs harness and analyze accounting data easily and quickly. The company on Thursday announced that it raised more than $15 million, including $12 million in Series A funding, on top […]
Analytics automation company Alteryx has seen some impressive growth in the first quarter of this year, with revenue of $118.8 million, an incline of 9% compared to the first quarter of last year, according to its earnings report.
Based in Paris, France, Shift Technology has announced a $220 million Series D led by Advent International. With its latest raise, the insurance fraud detection company has reached a valuation over $1 billion. Unlike most insurance tech companies that land large rounds, Shift Technology has no ambitions to become an insurance carrier; instead, it will […]
Insurtech company Metromile is gearing up to enter the cryptocurrency arena. San Francisco-based Metromile, which sells pay-per-mile auto insurance through its digital platform, announced on May 6 that it soon will let policyholders pay their premiums and receive claim payouts in both dollars and bitcoin. Metromile says it’ll be the first insurance company to embrace […]
E-commerce online payment processor ReCharge raised $277 million in growth capital, reaching a post-money valuation of $2.1 billion. The round was led by venture capital firms Summit Partners, ICONIQ Growth, and Bain Capital Ventures. ReCharge, founded in 2014, was self-funded for more than five years before accepting outside funding. ReCharge Payments has announced the appointment […]
Plaid is teaming up with Railsbank, a banking-as-a-service platform, to make it easier for companies to “take advantage of the massive embedded finance opportunity.”
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