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Parafin Transforming Delivery of Small Business Financial Services Closes $100M Series C

American Entrepreneurship

Founded in 2020 by Poddar and Vineet Goel, the startup has provided nearly $1 billion in annual funding for tens of thousands of small businesses in the U.S. The recent closing of a $100 million Series C financing at a $750 million valuation positions the company for accelerated growth. and Canada.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Among them, millennials decamped from their rentals in crowded cities to accelerate their first home purchases to the benefit of proptech companies and challenger mortgage players alike. Public fintech stocks rose 97% in 2020.

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Why fintechs are buying up legacy financial services companies

TechCrunch

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. million in a deal that was designed to accelerate its acquisition of a national bank charter.

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The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

Unit Economics Accelerating One topic I heard a lot in investor circles last year and in the press a lot was that there weren’t good unit economics and therefore the scooter market was never going to perform well. It’s truly staggering to realize that just a year ago we really hadn’t begun nationalizing let along globalizing.

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Monzo Makes Money Work For Everyone

Y Combinator

In April 2020, British banking startup Monzo’s revenue fell by almost 50%. In 2022 and beyond, Monzo’s revenues are likely to further accelerate as they benefit from cross border-travel, increased EU interchange rates, and new products. When they joined, Monzo was generating $69M in revenues (in April 2020). expectations.

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. In 2020, IMVU saw record growth, with over 7 million monthly active users and 400,000 products created every month by IMVU users.

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Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

“Booz Allen Ventures allows us to actively bridge the gap between opportunity and capability and accelerate the services-to-solutions transformation.” As of 2020, HorizonX, which was founded in 2017, had made just 25 investments — all less than $10 million.