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Robinhood Nets $280 Million On A $8.3B Valuation

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

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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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Financial Services Platform SoFi Plans IPO Via SPAC

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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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Robotics Process Automation Dwarfs The B2B VC Competition

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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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A $200M Mélange Of B2B Venture Capital

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B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Expense Management. OpenSesame. What’s Ahead.

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Robotics Process Automation Rakes In The VC Cash

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RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. While Automation Anywhere’s funding was the largest of the week, its valuation is not the biggest.

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Brex Launches Brex Cash As Bank Accounts Replacement

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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.