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Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition

TechCrunch

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. billion, touts that it “provides a single, global, cloud-based, open API Platform for modern card issuing and transaction processing.”

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Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.

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Despite the venture slowdown, fintech startups are still hiring

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. Here’s what I found out: Seven fintech companies ranked in the top 50: Brex (No. 4), Ramp (No.

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TechCrunch+ roundup: Singapore’s fintech buzz, SaaS slump, amplified marketing strategies

TechCrunch

Enterprise reporter Ron Miller looked back at Taylor’s career to better understand how a one-time Google product manager ended up co-leading one of the world’s most valuable companies. Last month, the WisdomTree Cloud Computing Fund was at a 52-week high of $65.51, but as of this week, that figure had fallen to $53.

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Gloria Lin thinks construction needs to ‘catch the wave of fintech’

TechCrunch

As head of product at the news aggregator, Lin led the growth of Flipboard’s user base from zero to more than 100 million users across 14 international markets. . In general, Lin — who got a master’s degree in electrical engineering from Stanford University — admits that she “loves building fintech infrastructure at scale.”

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Fintech Brex confirms $12.3B valuation, snaps up Meta exec to serve as its head of product

TechCrunch

In the latest fintech megaround, Brex has confirmed that it has raised $300 million in a Series D-2 round that ups its valuation to $12.3 Anand has been named the company’s chief product officer after having led Meta’s business products group, which served more than 200 million businesses globally.

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The latest in Plaid’s payments push

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. I know there are a ton of fintech-focused newsletters out there, so it really does mean the world.

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