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Novo, the SMB neobank, nabs $90M at a $700M valuation

TechCrunch

There are a number of fintechs, some that describe themselves as challenger banks, in the market today catering to SMBs. (We’ve They are the only ones we are concerned with because they own 99% of the market,” said Michel Rangel, CEO of Novo, in an interview earlier this month.

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Givz raises $3M in seed funding to make donations a marketing tool for businesses

TechCrunch

Givz , which has developed an API-powered platform that gives brands a way to convert discounts into donations, has raised $3 million in seed funding. Givz operates under the premise that “donation-driven marketing” consistently outperforms discounts and costs less, “making it an attractive addition” to corporate marketing. “We

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South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation

TechCrunch

Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. Danggeun Market launched Karrot in Canada and the U.S.

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FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

TechCrunch

Also in the last year, the company entered the LatAm market after acquiring Mexico-based e-invoicing company Facturama in September 2020 in an effort to expand its audience in Spanish-speaking markets. FreshBooks plans to use its new capital toward sales and marketing, research and development and additional strategic acquisitions. .

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FloBiz raises $31 million to scale its neobank for small businesses in India

TechCrunch

FloBiz, an Indian startup that is building a neobank for small- and medium-sized businesses in the South Asian market, said on Monday it has raised $31 million in a new financing round as it works to broaden its product offerings. India, the world’s second-largest internet market, is home to millions of small- and medium-sized businesses.

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Performance marketing agency MuteSix bets on content and data to boost DTC e-commerce

TechCrunch

But LA-based performance marketing agency MuteSix didn’t wait that long to build its business around scaling DTC brands. They also have a very smart and efficient approach to creative development that was critical to helping us scale,” she wrote. (If Why do you think that performance marketing is the right fit for DTC?

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Factorial adds $120M and doubles valuation to $1B to build enterprise-quality HR for SMBs

TechCrunch

While developed markets like the U.S., While developed markets like the U.S., Pooling those Latino markets, “We can together potentially sell to 10 million customers,” Romero said. Our market share is ridiculously small and it’s mostly greenfield.”