Tagged: silicon valley

Fintech Unicorn Brex Appoints Doug Adamic as CRO

Brex, the company “reimagining finance” for growing businesses, recently announced the appointment of Doug Adamic as its Chief Revenue Officer. Doug will “lead revenue and growth strategy for Brex as the company expands into financial software with Brex Empower and grows its global offerings for… Read More

Spend Management Fintech Airbase CEO Comments on Brex’s Decision to Stop Serving Small Businesses

Spend management Fintech Airbase founder and CEO Thejo Kote recently commented on the latest development from Fintech firm Brex. Brex recently announced that they are going “to close all the accounts of small businesses to focus on enterprises and subscription revenue.” As noted by Thejo… Read More

Silicon Valley Fintech Brex Acquires Pry Financials to Expand Software Capabilities for Founders

Brex, the Fintech firm that is focused on reimagining finance for growing businesses, has  announced its acquisition of Pry Financials, which is a software platform “with tools designed to enable budgeting, bookkeeping and forecasting, for $90 million.” As mentioned in the update, cash flow forecasting… Read More

Fintech Firm Brex Announces New Software Platform to Help Businesses Streamline Operations

Brex, the firm that’s focused on reimagining finance for growing businesses, announced Brex Empower, a new software platform designed “to increase the speed of businesses by enabling a culture of trust and financial discipline.” Empower will serve as the foundation for all Brex products “moving… Read More

More Money Is Pouring into Venture Capital than Ever Before, Valuations for Startups Getting Larger, Industry Professionals Reveal

Like any industry, venture capitalism is “a shifting landscape with ebbs and flows, though to be fair, it hasn’t really ‘ebbed’ lately,” according to a blog post by US Fintech Unicorn Brex. The VC industry has seen tremendous growth during the past few years—one that’s… Read More

Silicon Valley Fintech Unicorn Brex Raises $300M at $12.3B Valuation

Corporate credit card Fintech Brex has reportedly seen its valuation surge to $12.3 billion after securing an additional $300 million in capital. No formal announcement has been made about Brex’s latest investment round, however, a term sheet has reportedly been finalized on the raise, according… Read More

Crowdfunding Platform Silicon Prairie Acquires Funding Portal Miventure

Investment crowdfunding platform Silicon Prairie has acquired Miventure, according to a note from the company. The terms of the deal were not disclosed. Silicon Valley lists securities under Reg CF as well as other exemptions. Miventure is a FINRA regulated funding portal seeking to raise… Read More

Digital Money Platform Uphold Appoints Stephen McNamara as CEO, Kevin Sullivan as CTO Uphold Labs

Uphold, the digital money platform offering retail investors with single-wallet access to virtual and physical assets reveals that it has appointed technologists Stephen McNamara, as Chief Executive, and Kevin Sullivan, as CTO, at Uphold Labs. The new recruits will be responsible for leading Uphold Labs,… Read More

US Fintech Unicorn Brex Introduces Venture Debt, a Product Providing Access to Debt Financing

US-based Fintech Unicorn Brex, the all-in-one or comprehensive finance solution for growing businesses, has introduced Brex Venture Debt, a newly-developed product that gives certain clients access to debt financing. Brex currently provides credit cards, cash management accounts, spend management, and bill pay software together via… Read More

Toronto’s Clearco, Previously Clearbanc, Secures $215M in Growth Equity via Round led by SoftBank Vision Fund 2

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

Karachi Fintech Seed Labs, Developer of Trading App dTrade, Acquires $6.4M from Alameda Research, Others

Karachi’s Seed Labs, which has developed a new trading app (called dTrade), has secured $6.4 million in capital through a seed funding round at a $50 million valuation. Seed Labs co-founders Ahmad Jawaid, Zabi Mohebzada, Rabeel Jawaid, and Yameen Malik have helped create the dTrade… Read More

Silicon Valley Firm QC Ware and Goldman Sachs Report Major Quantum Computing Breakthrough, Could Impact Financial Services

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has revealed that it’s made a major quantum computing breakthrough. Goldman said that it’s working on computer algorithms that may be used on hardware that could be available within the next 5 years. Goldman Sachs has reportedly… Read More

P2P Lender Bondora Says Fintech Sector in European Countries like Portugal, UK, Germany Is Growing Rapidly

The team at Bondora, a European peer to peer lending platform, states that the first month of 2021 is “setting the tone” for the year to come. Bondora notes that the Fintech sector is still growing steadily. including Portugal’s financial technology industry as the country… Read More

Former Wealthfront CEO Adam Nash Is Reportedly Planning to Launch Consumer Fintech Startup

Adam Nash, the former CEO at Wealthfront, a software-based financial advisor, is in the process of launching a new Fintech firm that has acquired an investment from Ribbit Capital, a few angel investors, and Nash’s friends as well. Other investors that took part in the… Read More

Silicon Valley Fintech Unicorn Brex’s Co-Founder Says Startup Space Is Booming Again in Post COVID Environment

Henrique Dubugras, Co-Founder at Brex, a Silicon Valley-based Fintech Unicorn, recently noted that companies were forced to cut many jobs and were also more focused on retaining customers following the COVID-19 outbreak earlier this year. Dubugras now claims that the startup space is booming once… Read More

Fintech Brex CFO Michael Tannenbaum Recommends Providing Special Benefits to Remote Workers so they Feel Valued during COVID-19 Crisis

Michael Tannenbaum, the chief financial officer at Brex, a Silicon Valley Fintech Unicorn, notes that many people today are working remotely. Tannenbaum, who’s also the chief business officer at Brex, says that we might be at risk in some ways of losing “the culture and… Read More

San Francisco based Fintech Brex Partners SAP Concur so Customers can Automatically Reconcile their Corporate Card Expenses

San Francisco-based Fintech Brex, a company that says it’s “reimagining” financial systems for high-potential or growing businesses, has teamed up with SAP Concur so that Brex customers are able to automatically update and reconcile their corporate card expenses by using Concur Expense. Brex claims that… Read More

Silicon Valley Fintech Unicorn Brex Bolsters Cash Offering with FDIC Insurance, Appoints Chief Legal Officer, Katie Biber

Silicon Valley Fintech Unicorn Brex, the company that’s “reimagining” financial systems for growing businesses, revealed on July 22, 2020, that it has introduced new features and FDIC insurance on its zero-commission cash management account, Brex Cash. As mentioned in a release shared with CI: “These… Read More

Singapore’s Percipient, an AI enhanced Digital Banking Tech Firm, Secures $5 Million in Capital from Silicon Valley’s Stat Zero

Singapore-based Percipient, a digital banking technology firm, has reportedly secured SGD $7 million (appr. $5 million) in capital from Stat Zero, a California headquartered VC firm. Percipient said that the funds raised will be used to support the upcoming launch of the company’s “digital twin… Read More

Credit Improvement Fintech Dovly Secures $2 Million in Seed Funding from NFX, a Silicon Valley VC Firm

Dovly, a consumer-focused credit improvement firm, has reportedly acquired $2 million in seed funding. The US-based Fintech firm’s round was led by VC firm NFX, which helps companies expand their operations by leveraging network effects and strategic marketplaces. The capital acquired will be used to… Read More

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