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Financial concierge startup Zeni banks $34M to show SMBs their finances in real time

TechCrunch

million in total since it was co-founded in 2019 by twin brothers Swapnil Shinde and Snehal Shinde. Zeni’s AI-powered finance concierge platform offers bookkeeping, accounting, tax and CFO services, managing these for a flat monthly fee starting at $299 per month. Shinde expects to double or triple the finance team in the next year. “As

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Why You Don’t Want to Miss the MyEO DealExchange DX22 Conference

Entrepreneurs' Organization

The first two MyEO DealExchange conferences in 2018 and 2019 made a significant impact on the members who attended—including a 7-figure investment in Scott Mesh (EO New York)’s company. The attendees must be EO members, EO Accelerator participants, or their vetted guest, such as a spouse or business partner. Who can attend DX22?

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Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

TechCrunch

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. Aronu Ugochukwu and Abafor Chima founded the startup in 2019, and Ugochukwu is quite familiar with currency devaluation. . This gave birth to Xend Finance.” Image Credits: Xend Finance. It has since secured $2.2

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

2019 saw a stampede of fintech unicorns. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Fintech Index, 2016 -2020 Image Credits: CapiQ, Yahoo Finance.

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Revenue-based financing: The next step for private equity and early-stage investment

TechCrunch

Revenue-based investing ( RBI), also known as revenue-based financing, or revenue-share investing, 1 is a natural next step for the private equity and early-stage venture investment industry. More recently, we have seen numerous new investment models and financing instruments, including shared earnings agreements and point-of-sale capital.

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Singapore-based Volopay accelerates APAC and MENA expansion with $29M Series A

TechCrunch

Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . million since its inception in 2019, which includes its $2.1 To date, Volopay has raised approximately $31.4 ” .

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Arc wants to build the de facto finance solution for SaaS startups

TechCrunch

Coming out of stealth today with $150 million in debt financing and $11 million in seed funding, Arc is building what it describes as “a community of premium software companies” that gives SaaS startups a way to borrow, save and spend “all on a single tech platform.”

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