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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. Want the full post?

Capital 78
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Uber Readies Q3 Earnings As California Voters Give The Firm A Big Boost

PYMNTS

5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

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SMB Financing Fuels Week Of B2B Venture Capital

PYMNTS

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Trade finance technology startup CCRManager announced $2.12 There was a nearly 20 percent drop in the number of deals solidified in the quarter, too. CCRManager.

Capital 141
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Tidelift Amid Firms Lifted By Tide Of VC Capital

PYMNTS

Venture capital activity in the B2B space found software and data management firms securing funding. Tidelift has said the funds will be used to expand operations. Separately, Valimail , a California-based email authentication firm, stated that it raised $25 million through Series B financing. million open source packages.

Capital 108
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Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. The $13 million raised for U.K. The company will deploy the funding to focus on product development, engineering and global expansion. ClearMetal.

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. As such, automakers are hitting the venture capital highway in droves. The number of automaker-backed investments seems to have skyrocketed overnight.

Capital 109
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Cybersecurity Startups Land Majority Of B2B Venture Capital This Week

PYMNTS

Backers at Meritech Capital Partners and Lead Edge Capital led the Series D investment round, according to TechCrunch news, while Index Ventures and Workday also participated. This California-based startup has a particular cybersecurity focus: payments fraud. Cybersecurity. Duo Security. Blockchain. Digital Asset.

Capital 109