PYMNTS

SEPTEMBER 18, 2020

billion valuation, CNBC reported. Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. Chime’s funding comes on the heels of free-trading app Robinhood’s fundraise in August at a valuation of $11.2

Valuation 105

Valuation Banking Startups Investments 105

PYMNTS

JUNE 16, 2020

bank Monzo , fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. billion valuation a year ago, as reported by PYMNTS , while talks were in progress. Online U.K. billion, down from its $2.5

Valuation 94

Valuation Startups Banking Numbers 94

PYMNTS

NOVEMBER 21, 2016

based small business accounting firm, has listed on the nation’s AIM stock exchange, the LSE ‘s market for smaller firms. FreeAgent broke ground with the listing but, according to reports, missed the mark on valuation. million), slightly lower than its calculated valuation at the time of the Seedrs funding.

Startups 77

Startups Accounting Valuation Benchmarking 77

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. billion valuation as part of its Series D round that kicked off five months ago. The new funding is an extension of that round to $580 million while the valuation remains the same, the company said. has secured $80 million in new funding at a $5.5

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

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.

Valuation 57

Valuation Banking Startups Accounting 57

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.

Valuation 65

Valuation Startups eCommerce Investments 65

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

Valuation 56

Valuation Banking Startups Economics 56

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.

Valuation 61

Valuation Profit and Loss Startups Banking 61

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

Valuation 46

Valuation Startups Sales Finance 46

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.

Valuation 65

Valuation Startups Sales Accounting 65

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.

Valuation 46

Valuation Startups Leadership Banking 46

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.

Valuation 60

Valuation Banking Startups Accounting 60

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. .

Valuation 66

Valuation Startups Transportation Securities 66

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.

Startups 70

Startups Valuation CFO Investments 70

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.

Valuation 57

Valuation Accounts Payable Reconciliations Startups 57

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.

B2B 63

B2B Startups Accounts Payable Compliance 63

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?

Valuation 84

Valuation CFO Startups Leverage 84

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?”

Valuation 47

Valuation Banking Investments Startups 47

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.

Accounting 57

Accounting Banking Valuation Cash Management 57

VCFO

MARCH 9, 2023

So how did Schoox move from a startup with a bold vision to a strong and rapidly growing organization with now more than 2,000 customers and 20 million learners around the world? The post From Startup to Sustainable Success– How Schoox Did It appeared first on vcfo. At vcfo, our mission is always to make your company stronger.

Startups 58

Startups Leadership CFO Leverage 58

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.”

Accounting 47

Accounting Valuation Startups Accounting Firms 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.

Valuation 51

Valuation Startups Investments Retail 51

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.

Startups 43

Startups Banking B2B Valuation 43

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.

Accounting 64

Accounting Valuation B2B Banking 64

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.

Startups 46

Startups Finance Valuation Banking 46

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. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Valuation 43

Valuation Reconciliations B2B Startups 43

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.

Startups 75

Startups Healthcare Valuation Investments 75

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 (..)

Valuation 91

Valuation Compliance Practice Management Technology 91

Spreadym

OCTOBER 27, 2023

Before: EBITDA looks at a company's financial performance before accounting for interest, taxes, depreciation, and amortization, as these factors can vary significantly between different companies and industries. Valuation: EBITDA is commonly used in business valuation, particularly for mergers and acquisitions.

Financial Analysis 59

Financial Analysis Valuation GAAP Accounting Principles 59

Global Finance

JUNE 18, 2024

This includes the IPO of OYO, India’s most successful hospitality startup that is looking to raise $1 billion and Ola Electric, another venture backed start up manufacturing electric scooters, looking to raise approximately $600 million. The booming Indian IPO trend says a lot about the health of the Indian retail investor.

Marketing 105

Marketing Valuation Securities Manufacturing 105

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.

Startups 52

Startups Banking Profit and Loss Healthcare 52

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.

Valuation 86

Valuation Startups Leadership Banking 86

PYMNTS

DECEMBER 1, 2017

This week’s B2B venture capital breakdown is an impressive blend of startups and, together, they’ve raised more than $279 million. From a firm that targets accounting for blockchain companies to a social network for farmers, investors certainly diversified their funding targets. Blockchain. B2B eCommerce.

Startups 47

Startups B2B Transportation Auditing 47

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! —

B2B 53

B2B Startups B2C Cash Management 53

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.

Valuation 82

Valuation Leverage Startups Banking 82

PYMNTS

DECEMBER 9, 2020

Or it may be a last gasp amid heightened valuations and investor enthusiasm, with a focus on a business model that has soared – and may, depending on how you look at it, face fresh challenges that crimp the drive to realizing black ink on the operating line. What about the strain on IT and accounting?

Valuation 76

Valuation Auditing Accounting Firms Financial Reporting 76

Future CFO

NOVEMBER 30, 2020

The rapid advancement of sophisticated technology has brought monumental changes to most professions – and accounting is no exception. Many of the manual, routine-based accounting tasks of the past are now undertaken by non-human support. Automation will alter the work of accountants in the coming years.

Accounting 40

Accounting Finance Education Communication 40