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Report: Digital Lender SoFi Eyes IPO Via SPAC

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Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Startups 107
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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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Cybersecurity Unicorn Steals The B2B Investment Show

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Surprise, surprise: a cybersecurity startup saw the largest funding round of the week by far. WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Cash Management. B2B Marketing.

B2B 61
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Thyngs Teams With CDS Global; Alipay Partners With Turkish FinTech

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Mark Judd, managing director of CDS Global in the U.K. And global payments platform Currencycloud has teamed up with Evarvest, a startup based in Lithuania, Currencycloud said in an announcement. The solution offers corporate cash management functionality and supports multiple currencies per the report.

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Ant Financial Adds Third Bank Partner This Month

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Also, Alipay has added two new third-party money market funds to its Yu’e Bao spare cash management platform within the Alipay app. Finally, on the consumer side, Ant Financial subsidiary Huabei says it will be partnering with consumer financial institutions (FIs) to power solutions in that space. What It Says About The Space.

Banking 40
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Tipalti: Helping CFOs Go With The (Cash) Flow

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The AP Hub’s multi-entity offering splits headquarters and individual sub-entities’ preferences, allowing for the team at HQ to control the finance side and sub-entities to determine brand preferences, including the types of currencies used and workflow capabilities.

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Goldman Eyes FinTech As Investment — And As Strategy

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As CEO David Solomon said in reference to an ongoing review of the fixed income, currency and commodities division (commonly known as FICC), the company is training its sights on cash management Keep in mind that FICC, for the full year 2018, contributed $5.9 billion, which grew 11 percent year on year.