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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. billion in cash proceeds. SoFi’s technology platform Galileo , which it acquired in April, has helped position the startup at the nexus of the digital transformation in banking and financial services.

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

PYMNTS

one startup operating in a B2B FinTech industry rarely seen on the VC roundup landed the second-largest investment round of the week. With headquarters in California, PayStand provides cash management and accounts receivable solutions to business customers using blockchain and SaaS tools. But — surprise! — Check out who it is.

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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

This often involves replacing outdated ERP systems or implementing new cash management solutions. Question 3: Successful Training and Adoption Which software's training and adoption process was exceptionally well-managed across different teams, facilitating a smooth transition or implementation? The Winners!

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

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. Last year, Noto had said going public was a long-term plan but not a priority. Noto is an ex- Goldman Sachs investment banker.

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Traditional FIs Drive Modernization Through FinTech Pairings

PYMNTS

A Toolbox report said Citi has already signed data access agreements to several startups and data aggregators that, through approval of joint customers, can access data of Citi accounts. Financier plans to strengthen its presence in Singapore and Indonesia, with an eye on expansion into Vietnam and the Philippines.

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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

However, don't undervalue the significance of comprehending finance for your startup's survival. Tier 2: Basic Accounting In this tier, accountants close the books on a monthly basis and create basic financial statements to aid founders in assessing their startup's financial standing.

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Robinhood Nets $280 Million On A $8.3B Valuation

PYMNTS

The FinTech startup, which works to help millennials get into equities, crypto trading and other options, has benefited from the quarantine’s effects as people stay at home and have time to explore new finance options. FinTech startups like Robinhood have been popular lately, attracting numerous new backers.