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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. 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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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.

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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This often involves replacing outdated ERP systems or implementing new cash management solutions.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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Robotics Process Automation Rakes In The VC Cash

PYMNTS

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The investment now values Automation Anywhere at $2.6

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A $200M MĂ©lange Of B2B Venture Capital

PYMNTS

B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Expense Management. Software-as-a-Service.

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Is B2B FinTech Heating Up At The Wrong Time?

PYMNTS

Affirm, for instance, secured $275 million last May and, soon after, announced plans to link businesses operating over Shopify with financing. 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. deals were also joined by B2B companies.

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Namely Nabs Top Dollar As Payroll Needs Evolve

PYMNTS

Incoming regulatory changes, including with the Affordable Care Act, are some of the largest HR-related concerns businesses have today, so Namely added it will also look to focus on aiding cash management and visibility efforts for its clients facing a financial burden from such regulations. trillion valuation by 2020, reports said.

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