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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150
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Prescription Drug Discounter GoodRx Launches IPO

PYMNTS

“Lack of affordability in healthcare is a contributing reason why 20 percent to 30 percent of prescriptions are left at the pharmacy counter,” the company wrote in its filing with the Securities and Exchange Commission. Founded in 2011, GoodRx gathers drug prices on more than 70,000 U.S. Morgan and Barclays will act as IPO managers.

Capital 168
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Measuring capital at risk in the UK banking sector

BankUnderground

The probability of an extreme stress event with losses above £91 billion (roughly 19% of CET1 capital) increased from 1% before the pandemic to 4.1% Concentration risk in the economic system, such as vulnerability to shocks to large non-financial corporations, may lead to remarkable fluctuations in economic activity ( Gabaix (2011) ).

Capital 92
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CrowdStrike Raises $200M For Valuation Of More Than $3B

PYMNTS

CrowdStrike , the cybersecurity technology company, announced on Tuesday (June 19) that it raised $200 million in a Series E round of financing led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG. CrowdStrike currently protects more than 20 percent of the Fortune 500 companies.”

Security 101
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Startup Scores $62 Million For Trade Credit Risk Solution

PYMNTS

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). The company raised about $62 million from investors at Long Arc Capital and Bpifrance; it will use the funding to focus on the development of its technology.

Capital 100
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Fusebill Secures $6M For Subscription Billing Solution

PYMNTS

” Fusebill’s announcement said the company has doubled its revenue every year since it launched operations in 2011. This is the right team and the right product to successfully address the pains SMEs experience in managing the ongoing recurring relationships with clients.”

Security 100
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Software Co RiskLens Raises $20M To Mitigate Cyber Risk For Businesses

PYMNTS

The round was led by Paladin Capital, and MassMutual Ventures, F-Prime Capital, Dell Technologies Capital and Osage Venture Partners all participated. The company was founded in 2011 with a suite of software-as-a-service apps to help with the management of cyber risk.

Software 100