PYMNTS

DECEMBER 9, 2020

Or it may be a last gasp amid heightened valuations and investor enthusiasm, with a focus on a business model that has soared – and may, depending on how you look at it, face fresh challenges that crimp the drive to realizing black ink on the operating line. What about the strain on IT and accounting?

Valuation 76

Valuation Auditing Accounting Firms Financial Reporting 76

PYMNTS

NOVEMBER 13, 2020

In today’s top news, people are still stocking their savings accounts despite low interest rates, and Instacart could file an IPO in early 2021. trillion, despite a drop in interest rates on deposit accounts. trillion, despite a drop in interest rates on deposit accounts. Instacart IPO Could Come Early 2021 With $30B Valuation.

Valuation 73

Valuation Startups Banking Accounting 73

PYMNTS

MARCH 21, 2019

Payment platform Marqeta has raised $250 million in a series E funding round, on a valuation of about $1.9 Marqeta, which is California-based and also works with payment cards for brands, is expected to close the round in a few weeks, although the numbers could potentially change. billion, according to reports. In the U.S.,

Valuation 63

Valuation Startups Numbers Banking 63

PYMNTS

JANUARY 28, 2020

The Curve card, which is issued by Wirecard, streamlines multiple cards and accounts into one smart card and app. Customers can also change accounts when shopping. To ensure the security of transactions, Apple Pay does not store card numbers in any device or server. The platform became the fastest U.K.

Banking 56

Banking Valuation Currencies Startups 56

PYMNTS

FEBRUARY 3, 2020

Seattle global remittance startup Remitly is rolling out a new banking product created especially for immigrants, the company announced Monday (Feb. North America’s biggest independent digital remittance company is introducing Passbook for immigrants, to help them bypass the typical barriers of opening a bank account.

Valuation 58

Valuation Banking Startups Securities 58

Future CFO

JULY 19, 2022

Weak, less liquid markets prompted a plunge in the number of new listings and funds raised in many key capital markets, including New York and Hong Kong, the review adds. This forecast represents a 31% drop in the number of companies going public but a 49% rise in proceeds raised. billion in 1H 2022. billion from 81 new listings.

Marketing 52

Marketing Valuation Forecasting Manufacturing 52

PYMNTS

FEBRUARY 3, 2020

Seattle global remittance startup Remitly is rolling out a new banking product created especially for immigrants, the company announced Monday (Feb. North America’s biggest independent digital remittance company is introducing Passbook for immigrants, to help them bypass the typical barriers of opening a bank account.

Banking 55

Banking Marketing Valuation Startups 55

Future CFO

OCTOBER 8, 2023

In the past decade, IPO numbers and proceeds from emerging markets have both increased by more than 30%, primarily due to faster economic growth compared to developed countries. Until this point of 2023, emerging markets accounted for 77% of the global share by number and 75% by value.

Economics 52

Economics Valuation Forecasting Numbers 52

BlueLight

AUGUST 21, 2020

Financial Advice for Startups I recently spoke with finance leaders from a couple dozen startups. In these conversations, I observed that each finance leader had a different perspective and approach when engaging with their financial accounting partner. Our service covers anything in the back office related to numbers.

Planning 52

Planning Marketing Startups CFO 52

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. FinTech startups have been aggressive at filling the banking void. billion into startup lenders.

Concentration 40

Concentration Startups Valuation Financial Systems 40

PYMNTS

AUGUST 24, 2019

The banking startup was previously focused only on travel money and now is striving to become a more “global bank.”. Since its launch in 2015, the company has attracted more than six million users and expanded into new areas such as stock trading and business accounts, the article said. The company was valued at $1.7

Banking 54

Banking Valuation Startups Accounting 54

PYMNTS

NOVEMBER 16, 2018

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. While Automation Anywhere’s funding was the largest of the week, its valuation is not the biggest.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

JUNE 16, 2017

Careem, a transportation startup that is in 80 cities across the Middle East, has reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. A separate source told TechCrunch the valuation is now $1.2 Plus, in our markets, if you look at the numbers, car ownership is also very low.

Transportation 40

Transportation Valuation Startups Leadership 40

Future CFO

AUGUST 12, 2021

M&A deals continued at a healthy pace, accounting for $40.7 Late-stage venture valuations more than doubled year-over-year, with global median pre-money valuations for late stage deals rising from $135 million in 2020 to $325 million at the end of H1’21. billion across 3,520 deals, said KPMG recently. After falling to $4.7

Investments 40

Investments Valuation B2B Startups 40

PYMNTS

DECEMBER 1, 2017

Here are the numbers: $70 billion | Current valuation of Uber, a ridesharing company which has raised more than $11.5 billion in funding but may soon see a $20 billion haircut. $13

Investments 53

Investments B2B Valuation Startups 53

PYMNTS

MARCH 29, 2019

This latest round of funding brings the startup’s valuation to between $2 billion and 2.3 Bangalore-based BigBasket plans to use the funds to expand across major metro areas in the country, acquire smaller startups and expand into new categories, including beauty products and meat. South Korean firm Mirae Asset and U.K.

Valuation 49

Valuation Startups Investments eCommerce 49

PYMNTS

APRIL 4, 2016

Now the regulators are joining the growing chorus on tech unicorns, warning investors and entrepreneurs alike over the dangers of high flying valuations. Key recommendations that come from White include whether the boards have expanded beyond startup mentalities that might be contained within the original investment teams and entrepreneurs.

Valuation 40

Valuation Startups Investments Numbers 40

PYMNTS

SEPTEMBER 19, 2017

Online lender and tech startup Social Finance (SoFi) made recent news when its chief executive officer, Mike Cagney, stepped down following a lawsuit regarding claims of sexual harassment. For now, there is no more important work than paving the way for future success by building a transparent, respectful and accountable culture.”.

Valuation 40

Valuation Startups Finance Numbers 40

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Another California cybersecurity startup, Contrast Security, announced $65 million in Series D funding this week. Contrast Security.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. Once Earnin users have entered their data, bank account numbers and login, they can take out cash advances in increments as large as $100.

Valuation 40

Valuation Advertising Startups Accounting 40

PYMNTS

MARCH 14, 2016

billion come into its financial startups from investors across a variety of stripes, which is quadruple the investment activity of a year ago, Reuters reported. billion people in the nation have no bank account, with only 252 million people having Internet access. As a region, Asia has seen $4.5

Investments 41

Investments Valuation Startups Numbers 41

PYMNTS

OCTOBER 22, 2020

Founded in Australia, BNPL startup Afterpay has rapidly grown into one of the best-known names in the game on the global stage in the past 24 months. And now, it seems, the startup is looking to widen its purview beyond retail transactions and move into offering banking services to its large, and highly loyal, consumer base.

Budgeting 77

Budgeting Retail Startups Valuation 77

Michigan CFO

NOVEMBER 7, 2022

This trend makes SaaS valuation increasingly important. This makes determining an accurate SaaS valuation difficult. By ensuring that the appropriate methods and models are used, SaaS companies can attain more accurate, higher valuations that provide leverage when seeking financing or negotiating sales.

Valuation 40

Valuation CFO Leadership Forecasting 40

PYMNTS

NOVEMBER 11, 2019

Drilling down into the numbers a bit, the logistics space accounted for a bit more than $1.1 In past months, the company had reported to be in talks with Tencent and Tiger Global for $1 billion in funding at a valuation round of about $8 billion. billion USD equivalent. The latest funding rounds value the firm at a reported $1.6

Valuation 40

Valuation Investments Startups Sales 40

Creative CFP

JANUARY 28, 2019

Whether you are a new startup trying to raise seed capital, determining how to allocate the company shareholding or looking to benefit your employees - equity incentives can be a game changer. The agreement was designed with simplicity in mind, taking into account both the investor and the company’s interests.

Startups 52

Startups Valuation Finance CFO 52

PYMNTS

JANUARY 23, 2019

The news that on-demand delivery startup Munchery has closed its doors — even after raising $125 million in venture capital funding — serves as reminder of how difficult it can be to gain a profitable foothold (much less a dominant position) in the on-demand food delivery space. The benefits of scale work for some Uber Eats rivals, too.

Pharmaceutical 72

Pharmaceutical Valuation eCommerce Retail 72

PYMNTS

FEBRUARY 14, 2017

startup that’s building an app-only bank, the department store’s chairman said the deal “is just one illustration of how we’ll deliver a meaningfully different set of services to our customers.” “We’d been talking to a number of retailers. House of Fraser was one of the most far-sighted,” he said.

Investments 40

Investments Valuation Startups Banking 40

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. 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.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

AUGUST 25, 2016

When paying for goods, consumers will scan a QR code or enter a merchant’s number into their phones. Payment will come from the consumers’ Visa accounts. Mobile Payments Startup OPER Raises $750,000. Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups.

Startups 43

Startups Valuation Treasury Sales 43

PYMNTS

MAY 3, 2019

That startup is already in vaunted unicorn territory, having raised $220 million last September for a valuation north of $1 billion. Hackers have been accessing large numbers of accounts through a tactic known as “password spraying” and the mantra is: hackers don’t break in, they log in.

Currencies 40

Currencies Valuation Advertising Startups 40

PYMNTS

FEBRUARY 22, 2018

Without a doubt, small businesses (SMBs) have more choice than ever before when adopting new technologies, and many of those new tools, from accounting to customer relationship management (CRM), are streaming in as Software-as-a-Service (SaaS). This can happen due to a number of circumstances. APIs Add to the Exhaustion.

B2B 54

B2B Valuation Leverage Startups 54

PYMNTS

OCTOBER 21, 2019

Bain, it should be noted, lists among its portfolio of holdings a number of B2B-focused companies such as Billtrust, AvidXchange and Flywire. The skewed flow of funds to the business-to-consumer (B2C) space comes amid a backdrop where valuations for domestic FinTech unicorns have been inflated. The General Landscape.

B2B 40

B2B B2C Accounts Payable Economics 40

PYMNTS

FEBRUARY 28, 2017

SoFi, the San Francisco–based lending startup, has by all reasonable metrics hit the ground in 2017 running. To open the month of February, SoFi announced it had acquired online banking startup Zenbanx. SoFi is an unusual financial services player in a number of ways. The company, however, is still pretty small. Don’t Bank.

Banking 40

Banking Startups Valuation Finance 40

PYMNTS

DECEMBER 2, 2019

One of those areas, Rosen remarked, is the Neobank opportunity — one that he said is overfunded, and where venture capitalists have chased a significant number of firms with billions of dollars. That’s especially true in the consumer lending and demand deposit account (DDA) startups. It’s overfunded by a lot.”.

Investments 50

Investments Healthcare Startups Valuation 50

PYMNTS

DECEMBER 10, 2016

When I founded my first startup, it got me thinking — banks are middlemen that can and should be disrupted,” Laplanche noted in a 2007 interview on how he came up with the idea of Lending Club. And by the numbers, Sanborn is right. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

GAAP 73

GAAP Compliance Valuation Auditing 73

PYMNTS

OCTOBER 1, 2018

Investors have returned to the platform in larger numbers, but loan volume and revenue have seen sluggish growth until very recently. It was an idea slightly ahead of its time, but not by much – and despite the fact that most startups get their start by maxing out their credit cards. Those effects, however, were short-lived.

Valuation 54

Valuation Startups Banking CFO 54

Future CFO

DECEMBER 7, 2020

Sereen Teoh (ST): I was born and raised in a small fishing village in Penang, Malaysia where I’ve dreamed of becoming an accountant since I was small. I also have a role to play in business development, including corporate finance, investor relations, capital raising, corporate exercises, valuation, and company secretarial activities.

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Finance 52