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

PYMNTS

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 The FinTech IPO Market. billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks.

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A Boston VC’s big dig for early-stage payment and fintech innovators

Payments Source

A new venture capital firm hopes will differentiate it from other fintech investors by taking a more hands-on approach.

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MineralTree Raises $50M, Buys Two Companies

PYMNTS

The funding initiative is being led by existing investors Great Hill Partners LP, the Boston-based private equity firm, Eight Roads Ventures, the global venture capital firm based in China and.406 406 Ventures, the Boston venture capital fund.

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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC.,

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. based FinTech, recently added a new corporate card to its portfolio of solutions. This demand is driving the global expense management software market to reach $6.6

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

The firm has 1,300 employees across offices in seven states and is distinguished as a global FinTech unicorn. percent through 2028, according to Boston Consulting Group. Revenue growth in the business payments sector is expected to grow by around 5.6

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Barclays Supports Circle Social Payments App

PYMNTS

This marks a milestone for this digital currency company, which has rapidly been making a name for itself in the FinTech ecosystem in the region. Circle is a Boston-based startup that has major VC backers, along with big banks like Goldman Sachs and Digital Currency Group as an investment firm backer.

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