8/6/2023 0 Comments Divvy crunchbaseThe company is working on low-code tools that will soon allow people to develop financial products.Ĭalifornian crypto trading startup Rocketplace raised $9 million in a seed funding round led by Launchpad Capital. (For real, though, The Chainsmokers have made more than 30 venture investments, according to Crunchbase.)Īrgentinian asset tokenization company Koibanx raised $22 million in a series A funding round led by the protocol Algorand. Afore Capital, Xfund, Josh Buckley and The Chainsmokers also participated in the round. San Francisco-based remittances and money-transfer startup Pomelo raised a $20 million seed round led by Founders Fund and A* Capital. The company was founded by Funding Circle co-founder Samir Desai. Chief executive Abdulmajeed Alsukhan told Reuters that the region was better positioned for “buy now, pay later” because high oil prices have boosted the local economy.īritish payments company Super raised roughly $26.5 million in a funding round led by Accel. , Shorooq Partners and Coatue also participated in the round. Saudi “buy now, pay later” company Tamara raised $100 million in a series B funding round led by Sanabil Investments. Ryan Deffenbaugh ( email | twitter ) A version of this story first appeared on. "There are a lot of folks doing a lot of great things in this industry. There's small industries, medium, large, fintech," Glyman said. "It is often hard to wrap your head around how many businesses there really are, and just how much $120 trillion really is. To stand out, the fintechs are “trying to own the corporate wallet,” said Robert Le, a fintech analyst with PitchBook. Ramp competes with Brex, Airbase and Divvy, which bought for $2.5 billion last May. ’s total volume of payments sent through its software climbed 46% year-over-year to $61 billion for the quarter. The San Jose company was able to shrug off reduced business spending in categories such as advertising because of momentum in getting small and mid-size businesses to digitize and automate payments. It reported a 156% jump in quarterly revenue to $200 million.
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