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Robinhood Nets $280 Million On A $8.3B Valuation

PYMNTS

The FinTech startup, which works to help millennials get into equities, crypto trading and other options, has benefited from the quarantine’s effects as people stay at home and have time to explore new finance options. FinTech startups like Robinhood have been popular lately, attracting numerous new backers.

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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. The deal would give SoFi a post-money valuation in excess of $8.65 billion in cash proceeds. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees.

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Cybersecurity, AltFin And A Surprise Startup Prove B2B FinTech Funding Heats Up

PYMNTS

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

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Brex Launches Brex Cash As Bank Accounts Replacement

PYMNTS

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. In June , Brex raised $100 million in venture funding, giving the company a valuation of $2.6 billion back then.

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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

This often involves replacing outdated ERP systems or implementing new cash management solutions. Question 3: Successful Training and Adoption Which software's training and adoption process was exceptionally well-managed across different teams, facilitating a smooth transition or implementation? The Winners!

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Robotics Process Automation Dwarfs The B2B VC Competition

PYMNTS

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. The solution lets businesses view balances and transactions, make payments and use their financial service providers’ cash management services within a single solution.

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Cybersecurity, Recruiting Tech Lead B2B VC

PYMNTS

-based B2B FinTechs led the way in this week’s investment roundup, with more than $212 million in new funding falling in the hands of startups targeting a range of enterprise operations. Accounts payable, cloud migration, Big Data and even legal management for startups raising new funding were all targeted among investors.

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