Category: finance
Sorbet raises $6M Seed led by Viola Ventures to tackle the thorny financials of Paid Time Off
A US/Israeli startup, Sorbet — which is tackling what companies do with the financial risks as employees accrue Paid Time Off (PTO) — has raised $6 million in a Seed funding round led by Viola Ventures, with participation by Global Founders Capital, Meron Capital. The economics of Paid Time Off…
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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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What private tech companies should consider before going public via a SPAC
Drew N. Goodwin Contributor Alex Reese Contributor The red-hot market for special purpose acquisition companies, or SPACs, has “screeched to a halt,” according to CNN. As the SPAC market grew in the past six months, it seemed that everyone was getting into the game, with celebrities from Shaquille O’Neal to…
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How Shopify aims to level the playing field with its machine learning-driven model of lending
Shopify is widely known for giving independent merchants a platform to start, run, market and manage their businesses. But over the past 5 years, the company has been steadily growing another part of its own business: Shopify Capital. Through this arm, the Canadian commerce giant revealed today that it has…
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Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B
Greenlight, the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion. The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion valuation. With the…
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Mobile bank Current raises $220 million Series D, triples valuation to $2.2B
U.S.-based challenger bank Current, which has now grown to nearly 3 million users, announced this morning it has raised a $220 million round of Series D funding, led by new investor Andreessen Horowitz (a16z). The funding swiftly follows Current’s $131 million Series C at the end of last year, at…
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