CFO Talks

OCTOBER 2, 2024

Chinese Study highlights limitations on IAS 38, accounting for intangible assets A recent study from China highlighted the limitations of IAS 38 —the International Accounting Standard that governs intangible assets—and its impact on innovation, particularly in high-tech industries.

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PYMNTS

SEPTEMBER 24, 2018

Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. Unnamed sources told the publication that DST Global is set to lead the firm’s next funding round, which could push its valuation to $1 billion.

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Startups Valuation Investments CFO 70

PYMNTS

JUNE 11, 2019

Brex, the credit card startup, announced Tuesday (June 11) it raised $100 million in venture funding, giving the company a valuation of $2.6 The funding comes a few months after Brex raised $125 million, giving it a valuation of $1.1 Brex extends credit to startups based on the amount of money in their corporate bank accounts.

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Valuation Startups eCommerce Investments 65

PYMNTS

OCTOBER 31, 2018

mobile-only bank, now has a valuation of $1.3 billion, pushing the startup into unicorn status. Reuters , citing Monzo, reported the mobile bank said Wednesday (October 31) that it raised 85 million pounds — and as a result, has a valuation of more than $1 billion. With a valuation of $1.3 Monzo , the U.K.

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Valuation Profit and Loss Startups Banking 61

PYMNTS

SEPTEMBER 19, 2018

A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. The funding, which also saw Accel participate, followed only a few months after the company raised $153 million, pulling UiPath’s valuation up to $1 billion.

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PYMNTS

MARCH 1, 2020

Health tech startup Accolade , with headquarters in Seattle and Philadelphia, filed with the Security and Exchange Commission (SEC) to raise $100 million for an initial public offering (IPO) on Friday (Feb. So far, Accolade has raised over $230 million with a valuation of roughly $620 million, according to PitchBook. 30, 2019. .

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Valuation Startups Transportation Securities 66

PYMNTS

DECEMBER 5, 2019

Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 DST Global led the Chime’s previous funding round that closed in March, which valued the digital bank startup at about $1.5 Chime’s account base is 6.5 billion, CNBC reported on Thursday (Dec.

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PYMNTS

JULY 29, 2020

TransferWise , the online money transfer service startup, is now valued at $5 billion thanks to a secondary share sale as investors embrace online payments amid the COVID-19 pandemic, the London-based company announced Tuesday (July 29). through the TransferWise borderless account, with the new product set to launch within a year.

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Valuation Startups Sales Accounting 65

CFO Share

OCTOBER 6, 2023

For the passionate startup founders and dedicated SMB CEOs, knowing the true value of your business isn’t just about numbers; it’s about the heart and soul you’ve poured into your venture. As we journey through this article, we’ll illuminate the core factors that breathe life into the valuation of your business.

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PYMNTS

JULY 6, 2020

With a rally in shares, Square ‘s valuation is approaching the level of some of the biggest U.S. On Monday (June 6), Square stocks soared 13 percent after an analyst suggested the firm could eventually claim as much as 20 percent of direct deposit accounts in the U.S., banks, Bloomberg reports. Bloomberg reported.

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PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? News about Chime ’s latest funding round might give pause when comparing the tech-savvy upstart’s valuation against some traditional banking players. billion garnered only 18 months ago. With the $14.5

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PYMNTS

MARCH 20, 2019

Opendoor , the startup that operates an online platform for buying and selling homes, has raised $300 million, giving it a valuation of $3.8 According to a report , it was previously expected the startup would raise $200 million with a valuation of $3.7 The company has raised $1.3

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Valuation Startups Sales Finance 46

PYMNTS

MARCH 5, 2019

now has a valuation of $1.5 According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. billion valuation, with DST leading the round. billion valuation.

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Valuation Startups Leadership Banking 46

CFO Plans

AUGUST 9, 2024

In the rapidly evolving landscape of business accounting, staying ahead requires more than traditional bookkeeping. Virtual CFO Solutions for Startups and Small Businesses For startups and small businesses, Virtual CFO solutions offer a flexible and cost-effective alternative to traditional CFO roles.

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Accounting Tax Planning CFO Startups 52

PYMNTS

OCTOBER 3, 2019

FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. The Brex Cash account will work with the Brex Card on one network and offers users a return of 1.6 percent or more as well as Brex reward points.

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PYMNTS

OCTOBER 23, 2020

And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities. This startup connects founder and employees to a solution that can help them understand their equity.

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B2B Startups Accounts Payable Compliance 63

PYMNTS

JULY 24, 2019

“If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Checking accounts will be insured up to $250,000 and savings accounts up to $1 million.

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Accounting Valuation B2B Banking 64

PYMNTS

APRIL 8, 2019

digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in Britain. s second-most valuable FinTech startup, behind small business lender OakNorth. million customers. Another asked: “How much are Round One investors smiling today?”

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Valuation Banking Investments Startups 47

PYMNTS

FEBRUARY 12, 2019

DoorDash, the food delivery startup, is gearing up to raise about $500 million, giving the company a valuation of higher than $6 billion. GrubHub is still the market leader, accounting for around 34 percent of the revenue derived from the U.S. Temasek Holdings Pte., online food delivery market.

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Valuation Startups Investments Retail 51

PYMNTS

DECEMBER 15, 2016

With the app, Stripe users can support card payments using their existing accounts. It also allows businesses with both online and physical commerce channels to unify their cash flow under one account. According to a recent Wall Street Journal report , Stripe has garnered a valuation of $9.2

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Retail Valuation Startups Accounting 70

Michigan CFO

NOVEMBER 7, 2022

This trend makes SaaS valuation increasingly important. This makes determining an accurate SaaS valuation difficult. By ensuring that the appropriate methods and models are used, SaaS companies can attain more accurate, higher valuations that provide leverage when seeking financing or negotiating sales.

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Valuation CFO Leadership Forecasting 40

PYMNTS

JUNE 7, 2019

Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. The integrations enable cardholders to automatically connect transactions from their Brex cards into their accounting and expense management solutions. “Today’s product announcement combines those two investments.”

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Accounting Valuation Startups Accounting Firms 47

VCFO

JANUARY 11, 2024

Consistent use of systems like EOS Worldwide is key to establish a lasting culture of accountability. Consistent use of systems like EOS Worldwide is key to establish a lasting culture of accountability. Are you considering selling your business in the next several years or looking to address a specific business valuation driver?

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PYMNTS

JANUARY 11, 2021

customers expect from their everyday primary bank account.” . He added that Revolut strives to be “the best in class for customer experience, value and capabilities” and offer a full range of services from deposit accounts and overdraft protection to loans and credit cards. billion valuation. 11) that having a U.K.

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Valuation Startups Leadership Banking 86

PYMNTS

JANUARY 17, 2021

15) tweet from his account. billion valuation. The investment will put HealthQuest Managing Partner Garheng Kong on Everlywell’s board of directors, according to a Friday (Jan.

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Startups Healthcare Valuation Investments 75

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. with total funding nearly reaching $391.25 million this week. billion, it said.

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B2B Transportation Startups Investments 100

PYMNTS

FEBRUARY 18, 2020

Other FinTech startups, like Robinhood and Square , are looking into becoming banks so they can improve their profits and offer customers bank-like products, including checking accounts. million valuation. This is the first time a FinTech has purchased an actual bank.

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Banking Valuation Startups Accounting 97

PYMNTS

JUNE 6, 2019

Step, a finance startup aimed at teens, has raised $22.5 We want to be their first bank accounts with spending cards, but we also want to teach financial literacy and responsibility. The first product will be banking accounts with payment cards, in collaboration with Mastercard and Evolve. Step will start in the U.S.

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Startups Finance Valuation Banking 46

Nerd's Eye View

NOVEMBER 6, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: FinanceHQ has launched as a new digital lead generation platform for financial advisors, which takes a more niche-focused approach to matching prospective clients with advisors – representing a bet that capturing prospects (..)

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PYMNTS

JANUARY 7, 2021

But while big names are moving slowly, notably, the startup scene in the glasses wearable world is incredibly active of late, and perhaps putting pressure on the larger players. The Glasses Wearables Startup Rodeo .

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Startups Construction Valuation Technology 104

PYMNTS

JANUARY 21, 2019

Alipay follows other payments players, along with FinTech startups, that have recently been granted licenses to operate in Europe. One of the more recent examples comes from London-based financial technology startup Revolut , which is reportedly “the first London-based FinTech to receive a European banking license.” Monzo , a U.K.-based,

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Valuation Startups Banking Leverage 74

PYMNTS

JULY 17, 2020

Several B2B FinTechs topped the list in Q2, however, including commercial card startup Brex, which raised $150 million, as well as global business account service provider Airwallex with $160 million and small business alternative lender Fundbox with a $200 million raise — the largest of the quarter. TradeDepot.

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B2B Investments Accounts Payable Startups 90

PYMNTS

JULY 14, 2017

one startup operating in a B2B FinTech industry rarely seen on the VC roundup landed the second-largest investment round of the week. Accounts Receivable. With headquarters in California, PayStand provides cash management and accounts receivable solutions to business customers using blockchain and SaaS tools. But — surprise! —

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B2B Startups B2C Cash Management 53

PYMNTS

JUNE 25, 2018

The world’s startups are having a good year. The 2018 Q1 saw a combined valuation of VC investments nearing $50 billion — the fourth quarter in a row where VC funding has surpassed $45 million, KPMG noted. Though a startup could secure millions in venture capital funding, it could still take years to turn a profit.

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Startups Banking Profit and Loss Healthcare 52

PYMNTS

JANUARY 14, 2021

FinTech startup Marqeta has been tapped by Goldman Sachs to power digital checking accounts for Marcus. Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan.

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Valuation Leverage Startups Banking 82

PYMNTS

OCTOBER 18, 2019

American Express is introducing a suite of new commercial card products targeted at startups and entrepreneurs in a move that is aimed at competing with industry newcomers like Brex, Bloomberg reports said on Thursday (Oct. “It’s a new data source and a new lens on underwriting,” Marrs told the publication.

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Startups Banking B2B Valuation 43

PYMNTS

SEPTEMBER 21, 2018

Investors are clearly impressed, thanks to a funding round for one startup that now claims it may be the fastest-growing enterprise software company in history. by enabling corporate users to access all of their bank accounts in a single portal. million, according to e27 reports.

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B2B Startups Accounts Payable Investments 75