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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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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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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This often involves replacing outdated ERP systems or implementing new cash management solutions.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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Brex Launches Brex Cash As Bank Accounts Replacement

PYMNTS

FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. In June , Brex raised $100 million in venture funding, giving the company a valuation of $2.6 billion back then.

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US B2B Startups Blow Their International Competition Out Of The Water

PYMNTS

are shying away from alternative lending startups due to the recent controversy within the space, but investors across the pond aren’t hesitating to finance the industry. in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. companies came out on top. Alt-Lending.

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Robotics Process Automation Rakes In The VC Cash

PYMNTS

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.

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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. OpenSesame. What’s Ahead.

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