Citi Ventures Leads $28 Million Round for Client Management Startup HoneyBook
Bank Innovation
MARCH 21, 2019
Citi Ventures led a $28 million Series C equity round for client management platform HoneyBook, the company announced today.
Capital Management Operations San Francisco 
Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO
PYMNTS
OCTOBER 4, 2020
2) for DPCM Capital Inc. , Josh Harris , co-founder of Apollo Global Management , said the SPAC trend is not a flash in the pan. There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said. Emil Michael filed an S-1 prospectus on Friday (Oct.
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Citigroup Back To NY Federal Court Over $900M Error
PYMNTS
AUGUST 21, 2020
While many firms returned the money at Citi’s request, the bank said in court documents, a dozen have been sued after what the bank called an “operational error” caused it to transfer $900 million of its own funds to Revlon creditors one day after the troubled cosmetics company was sued over its restructuring tactics. On Tuesday (Aug.
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Menlo Ventures Closes New Early Stage $450M Fund
PYMNTS
MAY 22, 2017
Menlo Ventures , the Silicon Valley venture capital firm, closed a new $450 million venture capital fund aimed at investing in early stage companies focused in the consumer, enterprise and so-called frontier technologies markets. Menlo Ventures said the fund was oversubscribed, with existing investors and new ones participating.
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Bento for Business Sets Big Goals with $9 Million in Funding
Bank Innovation
JUNE 28, 2018
Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.
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Car Talk: Shift Announces Plans To Go Public
PYMNTS
JUNE 29, 2020
IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We Arison said the move was about adding capital to scale the company. Securing that capital is even more complicated than the IAC merger.
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B2B FinTechs Start 2020 Strong With More Than $1B In VC Funding
PYMNTS
JANUARY 24, 2020
While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.
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Cloud-based FI Software Provider nCino Goes Public
PYMNTS
JULY 7, 2020
Founded in 2012, nCino has raised $213 million in venture-backed funding, according to Crunchbase, the San Francisco provider of business data about private and public companies. nCino said it works with more than 1,100 financial institutions (FIs) globally, with assets ranging in size from $30 million to $2 trillion. .
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B2B Startups Land Funding For Risk Mitigation Tech
PYMNTS
OCTOBER 23, 2020
This week's B2B Venture Capital roundup saw more than $76 million in new funding. The company operates a business verification platform allowing corporate customers, including B2B buyers and suppliers, to verify their business partners and mitigate risk. The company highlighted the $8.14
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Neiman Marcus Emerges From Chapter 11
PYMNTS
SEPTEMBER 28, 2020
He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital
PYMNTS
DECEMBER 5, 2016
The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. San Francisco’s Muni public transit system was reportedly hit by a ransomware attack last weekend (Nov.
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BharatPe Lands $50M, Connects SMB Merchants With Suppliers
PYMNTS
AUGUST 27, 2019
26) that the company raised $50 million in Series B funding led by Ribbit Capital, based in San Francisco, and Steadview Capital, based in London. Reports said that this small business lending operation is key to BharatPe’s profitability. TechCrunch reported Monday (Aug. To date, BharatPe says more than 1.5
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Investors Tap Into The Promise Of High-Tech Data Analytics In The Enterprise
PYMNTS
NOVEMBER 3, 2017
It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Data Management. Expense Management. Talent Management. Trilio Data.
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Enterprise Security Returns To Top Of B2B Investment Mountain
PYMNTS
MARCH 1, 2019
Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.
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189 Coca-Cola Supply Co. To Expand Blockchain Efforts After Successful Trial
PYMNTS
NOVEMBER 5, 2019
Coca-Cola’s supply chain operations are run by an IT firm called Coke One North America (CONA), and the company recently had such a successful run with blockchain software provider SAP that it’s going to expand the program from two to 70 manufacturers, according to reports. . The funding round was led by Polychain Capital.
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B2B Startup Investors Go After The Niche Markets
PYMNTS
JUNE 21, 2019
While there were no mega-deals in the B2B startup funding realm this week, it was still a busy time for companies and investors, with many funders targeting companies operating in less common markets. million from Alteria Capital. Lendingkart. Growth Street.
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Banks and CDFIs: Partnering for community impact
Abrigo
MARCH 9, 2017
Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.
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Personalized Identity Verification Technology Developer Persona Raised $150M At A $1.5B Valuation
CB Insights
SEPTEMBER 20, 2021
The round drew participation from Founders Fund, Meritech Capital Partners, Coatue Management, Bond, and Index Ventures. San Francisco-based Persona helps businesses verify customer identities in order to help with age verification, fraud prevention, and account recovery. HOW’S THE COMPANY PERFORMING?
Klarna Notches $460M In Equity Funding
PYMNTS
AUGUST 6, 2019
The funding round was led by San Francisco-based growth-oriented investor Dragoneer Investment Group. Commonwealth Bank of Australia, Merian Chrysalis Investment Company Limited, Första AP-Fonden (AP1), HMI Capital LLC, IPGL, IVP and funds and accounts managed by BlackRock. ?This Other investors in the round include ?Commonwealth
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B2B Startups Welcome Another Unicorn With TripActions Funding
PYMNTS
NOVEMBER 9, 2018
The company plans to open its first international office following the investment, which was led by Dawn Capital, said reports in CBR Online. In addition, using artificial intelligence, quantilope provides real-time analytics for customers in marketing, product management, HR, business development and other areas of the enterprise.
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Mid-Point Of Eventbrite IPO Could Give It Market Cap Of $1.55B
PYMNTS
SEPTEMBER 10, 2018
Eventbrite, the company that operates a platform to create, manage and sell tickets to events, filed an amended registration statement with the Securities and Exchange Commission (SEC) in which it said it is aiming to raise a $200 million initial public offering (IPO). and RBC Capital Markets.
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SoftBank’s Vision Fund 2 Prepping Future Investments
PYMNTS
OCTOBER 27, 2019
In July, SoftBank revealed that it was launching a second investment vehicle based on its $100 billion Vision Fund, which was created in 2016 after the firm made a deal with Saudi Arabia’s Mohammed bin Salman to have the world’s biggest buyout operation. The Vision Fund has invested almost $70 billion in startups like Uber and WeWork.
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SoftBank’s Vision Fund 2 Could Back Burger Maker, Pharma Delivery Firm
PYMNTS
OCTOBER 27, 2019
In July, SoftBank revealed that it was launching a second investment vehicle based on its $100 billion Vision Fund, which was created in 2016 after the firm made a deal with Saudi Arabia’s Mohammed bin Salman to have the world’s biggest buyout operation. The Vision Fund has invested almost $70 billion in startups like Uber and WeWork.
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Foundry Group Leads $30M Seed Funding For Matchstick Ventures
PYMNTS
SEPTEMBER 22, 2019
We’ve co-invested and served on boards with them and [Foundry Group Managing Director] Seth Levine has been an official advisor to Matchstick since inception. Matchstick Ventures led funding with Royal Street Ventures to help fund San Francisco Bay Area startup Onward in July. JPK Capital also participated in the funding round.
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101 Bitcoin Daily: Sygnum Crypto Firm To Seek Singapore Banking License; US Air Force Teams With Constellation Blockchain Firm
PYMNTS
AUGUST 29, 2019
The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia. “In
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Using Airbnb’s Playbook To Give Corporate Housing A Digital Makeover
PYMNTS
DECEMBER 27, 2019
Or maybe a relatively bland extended-stay operation right off the interstate. To learn more about the trend, PYMNTS recently caught up with Kulveer Taggar, co-founder and CEO of Zeus , a digital and mobile-focused operation that puts business travelers into furnished housing that Zeus rents from owners.
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Postmates Raises $100M As Online Food Delivery Heats Up
PYMNTS
JANUARY 11, 2019
But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace. It raised $250 million last year in a growth round co-led by Coatue Management and DST Global.
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176 Namely Payroll’s Big Payday
PYMNTS
FEBRUARY 24, 2016
23) $30 million in venture capital raised from Sequoia Capital and other backers, including Matrix Partners, True Ventures and Greenspring Associates. This week, one payroll software company is celebrating thanks to its own payday. Namely, which provides payroll and HR solutions, announced on Tuesday (Feb.
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Chinese Startup Secures Lion’s Share Of $272 Million Raised
PYMNTS
SEPTEMBER 29, 2017
Investment in B2B FinTech startups came through a variety of channels this week, from venture capital to growth equity. In total, backers placed $273 million across companies operating in alternative finance, treasury management, software-as-a-service (SaaS) and B2B sales tech. Supply Chain Management. trillion market.
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Dubai’s Shedul Is Giving Beauty A Digital Makeover
PYMNTS
AUGUST 28, 2017
“We did some research and found out that the majority of businesses in the beauty industry operate offline, without any software at all. still manage their bookings with pen and paper,” Shedul co-founder and CEO William Zeqiri said in an interview. A full 52 percent of salons in the U.S. Think OpenTable for beauty.
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Scooters Vs. Bikes: Who?s Winning This Week?
PYMNTS
JUNE 13, 2018
That would follow a reported $150 million funding round in May that was led by by Sequoia Capital. That news came after Uber spent $200 million to acquire bike-sharing operator JUMP. In addition, scooters are small — smaller than bikes — and, for some riders, require less skill to operate safely than bicycles.
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100 Even with Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
PYMNTS
OCTOBER 28, 2019
“Kirk has a decade of experience running treasury and capital markets for large fleet companies, and is well known on the capital markets side. Its Getaround Connect device now operates in the United States, as well as in seven European countries: Norway, France, Germany, Spain, Austria, Belgium and the U.K. Big Changes.
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101 Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
PYMNTS
OCTOBER 28, 2019
“Kirk has a decade of experience running treasury and capital markets for large fleet companies, and is well-known on the capital markets side. Its Getaround Connect device now operates in the United States, as well as in seven European countries: Norway, France, Germany, Spain, Austria, Belgium and the U.K. Big Changes.
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The Top 20 Venture Capitalists
CB Insights
APRIL 17, 2018
For the third consecutive year, we worked with The New York Times to identify and rank the top 100 venture capital professionals from around the globe. 15 of the top 20 operate in the Greater Bay Area. 15 of the top 20 operate in the Greater Bay Area. Below are the detailed profiles of the Top 20 Venture Capital Partners.
Funding Lands T&E Firm TripActions $4B Valuation
PYMNTS
JUNE 28, 2019
Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.
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B2B FinTech Investment Not A Total Bust
PYMNTS
MAY 6, 2016
Earlier in the week, we reported on the bust that is B2B venture capital this week. For a lot of consumer startups, it’s not always obvious how you are going to monetize, and there is a lot of competition for eyeballs,” explained 500 Startups venture capital lead Dave McClure in an interview last month with Reuters. “For Accounting.
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Brexit And The FinTech Hub Hubbub
PYMNTS
JANUARY 8, 2020
That was outpaced, perhaps not surprisingly, by San Francisco, but led New York. Consider that think tank New Financial said that as of March, more than 275 firms in banking and finance have moved at least some of their asset base, staff or operations away from the U.K. Follow the Firms (and the Money). and to the EU.
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US B2B Startups Dominate $337 Million Worth Of Funding
PYMNTS
MARCH 30, 2018
Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. ZP Group incorporates three units: a government cybersecurity contractor, a human capital and staffing service and a security advisory firm.
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26 Unicorn Companies That Exited In 2018
CB Insights
MARCH 20, 2019
China Development Bank Capital, Coatue Management, Hillhouse Capital Management, IDG Capital, Temasek Holdings, Tencent Holdings, Tiger Global Management. Select Investors : Credit Suisse, Deutsche Bank, DST Global, GGV Capital, Goldman Sachs, IDG Capital, J.P. Exit Valuation : $54B (IPO).
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Medicare Advantage Change Could Lead To Payments Opportunities
PYMNTS
JUNE 7, 2018
One such company, called Honor , partners with local home care agencies and other providers to manage such tasks as caregiver payroll, recruiting, scheduling, insurance and legal issues. The company will use that fresh capital in large part to fund expansion of its caregiver network.
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115 Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery
PYMNTS
OCTOBER 12, 2018
And Starbucks has a new investor : Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 Sources have also said that Lampert has asked AlixPartners, Lazard and lawyers at Weil, Gotshal & Manges LLP for advice. percent stake in Starbucks.
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Saving Main Street: Cities Pick Up The Recovery Role
PYMNTS
APRIL 10, 2020
While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Several examples have shown up over the past week. A year of work and a completely new day.
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US B2B Startups Miss The Scoreboard
PYMNTS
AUGUST 19, 2016
But a seed-stage startup fund in San Francisco announced its own new $50 million investment pool, so funding for B2B FinTech startups in the U.S. The biggest splash in the B2B payments startup space came from Zervant , an electronic invoicing company providing invoice management and generation services to SMEs. eInvoicing.
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Rescuing The Restaurant Business From App Decline
PYMNTS
MARCH 9, 2020
The operative word is control. “I With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. Consumers can inquire directly with restaurants about existing promotions. It’s a new concept that means both parties win.”.
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