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

American Entrepreneurship

Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. Incumbent methods systematically bias against women- and minority-owned businesses.

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

American Entrepreneurship

Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. Incumbent methods systematically bias against women- and minority-owned businesses.

finance 98
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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. Recent traction includes companies working in the construction, property management, sports and hospitality industries. million in a seed round.

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Affirm and Klarna ramp up competing efforts to attract US consumers

TechCrunch

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In other words, it wants to help fintechs be in a stronger position to compete with incumbents, something it believes will benefit consumers. And elsewhere.

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New York’s David Energy has raised $4.1 million to ‘build the Standard Oil of renewable energy’

TechCrunch

million in venture financing from investors led by Equal Ventures and including Operator Partners, Box Group, Greycroft, Sandeep Jain and Xuan Yong of RigUp, returning angel investor Kiran Bhatraju of Arcadia and Jason Jacobs’ recently launched My Climate Journey Collective, an early-stage climate tech fund. .

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Highnote emerges from stealth with $54M and a plan to take on Marqeta in the world of card issuing as a service

TechCrunch

Fintech startups have thrown a curve ball into the world of financial services by building more flexible, cheaper and user-friendly tools to businesses and consumers, who in turn are walking away from older incumbents and taking their custom to newer providers. They are where they are,” he concluded with a small shrug. ¯_(?)_/¯.

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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

Startups like these are keeping the incumbents (relatively speaking) on their toes. Robinhood expands into consumer finance while Apple steps up its fintech game. Handle.com raises $10M Series A for construction payment compliance. In other news. It went public via a SPAC this week and, gasp, actually had an impressive debut.