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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. Backers include the Rounds lead N otable Capita l, with significant participation from Redpoint Ventures and existing investors Ribbit Capital, Thrive Capital, and GIC.

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

TechCrunch

Booz Allen Hamilton, the Virginia-based, defense-focused IT consulting firm, today announced the launch of a corporate venture capital arm, Booz Allen Ventures, that will initially put $100 million toward “strategic” defensive and offensive technologies.

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Debt versus equity: When do non-traditional funding strategies make sense?

TechCrunch

There’s clearly a lot of venture money to be raised — and most tech entrepreneurs happily take it in exchange for equity. ” Despite the VC flurries of 2020 creating an ecosystem of seemingly endless equity, it’s important for entrepreneurs and founders to understand that there is no one-size-fits-all model for raising capital.

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Former Salesforce chief scientist announces new search engine to take on Google

TechCrunch

Finally, as we navigate the internet in 2020, the privacy question looms large as is how you balance the convenience-privacy trade-off. He did say that Benioff and venture capitalist Jim Breyer are primary backers and he would have more information to share in the coming months.

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Visa will not acquire Plaid after running into regulatory wall

TechCrunch

billion at the time of its announcement , first broke cover on January 13, 2020, or nearly one year ago to the day. ” Given the fintech boom that 2020 saw , as consumers flocked to free stock trading apps and neobanks, that Plaid saw growth last year is not surprising. The deal, valued at $5.3

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13 investors say lifelong learning is taking edtech mainstream

TechCrunch

The venture potential of a startup that caters to individual students — instead of a slow-moving, small-pocketed institution — has a bullish aura that attracts investors. Last year brought a flurry of record-breaking venture capital to the sector. billion in venture capital across 265 deals during 2020, compared to $1.32

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