Category: EC Fintech
How Robinhood’s explosive growth rate came to be
A deeper look inside the company’s IPO filing Alex Wilhelm 8 hours This afternoon Robinhood filed to go public. TechCrunch’s first look at its results can be found here. Now that we’ve done a first dig, we can take the time to dive into the company’s filing more deeply. Robinhood’s…
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Embedded finance will help fill the life insurance coverage gap
Melbourne O’Banion Contributor Melbourne O’Banion is co-founder and CEO of digital life insurance company Bestow. An estimated 41 million Americans say they need life insurance but have yet to purchase coverage. Despite this awareness among consumers, the Life Insurance Marketing and Research Association estimates a $12 trillion coverage gap, with…
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Why did Bill.com pay $2.5B for Divvy?
As expected, Bill.com is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. The total purchase price of around $2.5 billion is substantially above the company’s roughly $1.6 billion post-money valuation that Divvy set during its $165 million, January 2021 funding round. Divvy’s growth rate…
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Amid the IPO gold rush, how should we value fintech startups?
Allen Miller Contributor Allen Miller is a principal at Oak HC/FT based in San Francisco. He invests in early- and growth-stage companies, with a particular focus on fintech. More posts by this contributor The last decade in real estate, and a peek into the next one 2019 looks to continue…
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The era of the European insurtech IPO will soon be upon us
Phil Edmondson-Jones Contributor Phil Edmondson-Jones is a principal at Oxx, the specialist SaaS VC backing Europe and Israel’s most promising B2B SaaS businesses at the scale-up stage. Once the uncool sibling of a flourishing fintech sector, insurtech is now one of the hottest areas of a buoyant venture market. Zego’s…
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After going public, once-hot startups are riding a valuation roller coaster
To close out the week, a short meditation on value, or, more precisely, how assets are valued in today’s markets. Do you recall the pre-direct-listing hype Coinbase enjoyed? After reporting its estimated first-quarter financial performance, interest in the domestic cryptocurrency trading giant ran red-hot. When Coinbase set a $250 per-share direct…
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