Remove Cash Management Remove Startups Remove Valuation
article thumbnail

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.

article thumbnail

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.

B2B 53
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

Robotics Process Automation Dwarfs The B2B VC Competition

PYMNTS

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. The solution lets businesses view balances and transactions, make payments and use their financial service providers’ cash management services within a single solution.

B2B 75
article thumbnail

Robinhood Bags Bank Charter

PYMNTS

The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. Earlier this year, Robinhood announced a $323 million Series E financing round, bringing the company’s valuation to $7.6 The feature will enable customers to earn 2.05

Banking 75
article thumbnail

Instant Satisfaction

Global Finance

“With this partnership, we are using the new capability of the local Aussie instant rails to settle real-time [payments], but with full transparency,” says Wim Grosemans, BNP Paribas’ head of Product Management, Payments and Receivables, Cash Management. It’s the right and future-proof way of doing things.”

article thumbnail

A $200M Mélange 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. OpenSesame. What’s Ahead.

B2B 70