Category: tripactions
Visa takes a swipe in fintech, builds new online marketplace
The relationships between banks and fintechs are multi-faceted. In some cases, they partner. In many cases, they compete. In other cases, one acquires or invests in the other. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. Specifically, Visa…
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The great unicorn retreat
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking stock of what’s happening to a number of unicorns, both public and private. This is the third time we’ve sat down to document what feels like a…
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Casper winds down European operations and lays off 78 people
Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company said that it is winding down European operations to…
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As COVID-19 pummels global economy, 8 new companies join the $100M ARR club
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale. Over time, this series has gone…
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Unicorn layoffs keep piling up as the economy gets worse
Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. With stocks down as well, we’ve received negative signals from the private market, the public market and the economy…
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Fintech’s uneven new reality has helped some startups, harmed others
Fintech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines. Companies that were pitching optimistic news a few weeks ago are now cutting staff. Others are facing a surge of users trying to find their financial footing in the face…
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