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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 products include access to capital, spend management, and savings tools. Incumbent methods systematically bias against women- and minority-owned businesses. 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. Public fintech stocks rose 97% in 2020. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. Second, liquidity.

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5 Predictions for 2020

Tomasz Tunguz

Here are my 5 predictions for 2020. The direct listing becomes the standard way for startups to go public in 2020. The direct listing enables them to go public without raising capital. And incumbents desire as much of that as possible for themselves. The M&A market continues to surge. Distributed becomes the norm.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. The “last time” was a $15 million Series D round in 2020, also led by Novator. The marketplace now has more than 30,000 items.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

Sales in this area topped $100 billion in 2020 , driven by the 48 million dogs and cats that were adopted over the past three years. The big story in 2020 was that everyone needed telehealth services for themselves, and we saw that transfer to pets and then exacerbated by the industry,” he added. Pets are big business.

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

The round was led by an unnamed party, but round participants included Accel, Lakestar, HV Capital, Project A and Scania. In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September. Digital freight forwarder Forto raises another $50M in round led by Inven Capital.

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With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back

TechCrunch

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. Battery Ventures led NorthOne’s $21 million Series A in March of 2020 and is doubling down on its investment with the new raise. Then there were those companies that existed well before the pandemic.

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