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Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios

TechCrunch

Every week, we’ll take a look at the hottest fintech news of the previous week. As our fellow fintech enthusiast Alex Johnson pointed out , there was one name that stood out on that list for being “not like the others”: fintech startup Brex. But far less common are fintechs dedicated to serving older members of our society.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

2019 saw a stampede of fintech unicorns. Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. More posts by this contributor.

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TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone

TechCrunch

Despite the ongoing correction in the public markets, mass layoffs in the tech sector and high inflation, U.S. But say that you are burning $2 million in a quarter, and you are only adding $500,000 of net new ARR. The right questions to ask investors when fundraising in a down market. Walter Thompson. yourprotagonist.

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It turns out fintech is worth as much as SaaS

TechCrunch

Fintech startups are having one hell of a week. The Seattle-based fintech company sold 12,162,777 shares (7,000,000 primary) at $43 apiece. The Exchange explores startups, markets and money. It’s just perhaps even better than that for fintech upstarts. Fintech is the new SaaS? Notable.

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Square’s bank arm launches as fintech aims ‘to operate more nimbly’

TechCrunch

In a statement, Square CFO and executive chairman for Square Financial Services, Amrita Ahuja said that bringing banking capability in house will allow the fintech to “operate more nimbly.”. Jessica Jiang, Capital Markets and Investor Relations Lead. The trend of fintechs becoming bank continues.

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TC+ roundup: Silicon Valley Bank fails, fintech VC survey, B2B growth tools

TechCrunch

I’m not a market watcher or a financial expert, but here’s some advice: Panic is a luxury. The current budget-constrained environment should be seen as a net positive by marketers,” he writes. “It If you’ve been personally impacted by this news, take a breath before making a move. Talk to some friends.

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Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa

TechCrunch

Ivorian payments-led fintech startup Julaya has extended its pre-Series A round by $5 million. In Ivory Coast, one of Francophone Africa’s largest mobile money markets, 75% of the population own a mobile money account, compared to 20% who hold bank accounts. Last July, Léopoldie said the fintech was processing more than $1.5

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