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Brex Launches Brex Cash As Bank Accounts Replacement

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FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. The Brex Cash account will work with the Brex Card on one network and offers users a return of 1.6 billion back then.

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Financial Services Platform SoFi Plans IPO Via SPAC

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Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. The deal would give SoFi a post-money valuation in excess of $8.65 billion in cash proceeds. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees.

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Robotics Process Automation Rakes In The VC Cash

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RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Another nine-digit investment round was landed by a startup this week.

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Is B2B FinTech Heating Up At The Wrong Time?

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Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Consumer-focused FinTech players continue to receive the bulk of support, with peer-to-peer FinTech startups grabbing 22 percent of the value in U.K.

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Transcript: Joanne Bradford

Barry Ritholtz

She’s also involved with wealth.com, and I could, I could give you a long list of all the things she’s, she’s done Kahoot, super telly, just all, all these really fascinating startups. So I, you know, I, I learned so much and Microsoft was like a startup inside of a big company for me. Like that was the hot thing.

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Cybersecurity, AltFin And A Surprise Startup Prove B2B FinTech Funding Heats Up

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one startup operating in a B2B FinTech industry rarely seen on the VC roundup landed the second-largest investment round of the week. Accounts Receivable. With headquarters in California, PayStand provides cash management and accounts receivable solutions to business customers using blockchain and SaaS tools.

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Robotics Process Automation Dwarfs The B2B VC Competition

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Investors are clearly impressed, thanks to a funding round for one startup that now claims it may be the fastest-growing enterprise software company in history. by enabling corporate users to access all of their bank accounts in a single portal. million, according to e27 reports.

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