Latest from Mary Ann Azevedo
The rise of neobanks has been fascinating to witness, as a number of companies in recent years have grown from merely challenging traditional banks to being massive players in and…
Payments giant Stripe has acquired a four-year-old competitor, Lemon Squeezy, the latter company announced Friday. Terms of the deal were not disclosed. As a merchant of record, Lemon Squeezy calculates…
Startups
Digital banking startup Mercury abruptly shuttered service for startups in Ukraine, Nigeria, other countries
Digital banking startup Mercury informed some founders that it is no longer serving customers in certain countries, including Ukraine.
Featured Article
From Facebook to the face of crypto: Inside Anthony Pompliano’s wild career
He’s known by a single-syllable name: Pomp. But his story is of an unconventional rise to success that almost ended two years after it began.
Welcome to TechCrunch Fintech! This week, we’re looking at the Evolve Bank hack, three notable acquisitions, Plaid’s enterprise customer growth and more. To get a roundup of TechCrunch’s biggest and…
Fintech-friendly Evolve Bank disclosed a data breach, saying it may have impacted customers and partners.
In this week’s episode of Equity, Haje Kamps and Mary Ann Azevedo delve into the recent decision by fintech company Brex to abandon its co-CEO…
Startups
Raspberry Pi goes public, Musk drops his OpenAI lawsuit and startups compete with Apple Intelligence
In today’s episode of TechCrunch’s Equity podcast, Mary Ann Azevedo, Becca Szkutak and Haje Kamps dug into three very different but all interesting deals of the week. Haje…
As always, there was a lot happening in startup land this week, and the Equity team had so much fun breaking it down for you.…
Consumer startups have taken a hit when it comes to venture funding. But according to Eurie Kim, partner at Forerunner Ventures and founding member of…
Welcome back to Friday Equity! We kick things off with the Deal of the Week. First up, xAI. Elon Musk has once again proven that…
Startups
Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse
A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse.
Fintech
Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software
Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch…
The downturn in venture capital funding has impacted startups, VC firms, and accelerators alike. One company in the final category, Techstars, has been shaking up…
Featured Article
They thought they were joining an accelerator — instead they lost their startups
Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that year when she discovered warrants of her company — rights to buy an ownership stake — had…
Changpeng Zhao, also known as “CZ,” the founder and CEO of crypto exchange Binance, has been sentenced to four months in prison. Six days ago, the US Department of Justice…
Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture capital today. With $4.2 billion…
Ansa, a startup that helps merchants develop and offer branded virtual wallets, has raised a $14 million Series A round of funding, the company has told TechCrunch exclusively. Renegade Partners…
Flipping houses is not for the faint of heart, no matter how fun or easy HGTV might make it seem. One startup wants to make the process less complicated by…
Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s…
Featured Podcast
Good news for Rubrik, bad news for TikTok and medium news for early-stage startups
Rubrik’s strong IPO pricing and warm reception by the public markets after its listing add more weight to the perspective that the public markets are not as closed to tech startups as some thought. If Rubrik’s result isn’t enough to break the logjam, well, maybe there’s something else going on. But there was a lot more that…
Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments, and $160 million for Eniac VI.
Fintech
‘Send now, pay later’ startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund
Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned.…
Fintech
SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy
After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is…
Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get…
To some investors, “down round” is a dirty phrase, but not to Notable Capital’s Hans Tung. Hans is a managing partner at Notable Capital, formerly…
It’s been more than a minute since Tesla went public, but the EV company was inescapable on TechCrunch this week. From layoffs to pricing changes…
Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders…
Startups
Cherub, an angel investing community inspired by dating apps, entices investors and founders to pair up
Jaclyn Johnson and Angeline Vuong were on a hike deliberating how hard it can be for people to get started in angel investing when they realized they had stumbled upon…
Fintech
Fintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking
Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice.…
