Braid shuts down, Stash marches toward an IPO and what happens when a fintech relationship fizzles out
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox…
Read More »Armed with $40M in fresh capital, fintech Stash says it’s moving toward an IPO
Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively that it just raised $40…
Read More »Tradeshift co-founder accused of sexual assault by company, allegations he denies
Tradeshift, a late-stage fintech startup that has raised over $1 billion in venture and debt, has dismissed its co-founder Christian Lanng, citing “serious allegations of sexual assault and harassment” and…
Read More »Block acquires music financial services startup Hifi
Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post…
Read More »Carefull lands $16.5M to shield seniors from financial fraud
Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million in a Series A round…
Read More »Orus offers business insurance products to restaurant owners and other small companies
French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes…
Read More »Consumer payments startup Braid, backed by Index and Accel, shuts down
Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and Todd Berman (who left in…
Read More »Here’s how fintech Rainforest, a budding Stripe rival, aims to win over software companies
Rainforest raises $8.5M and PayPal gets hit with a lawsuit. We take a look at this and other hot fintech news from the previous week.
Read More »a16z-backed fintech Synapse lays off 40% of its staff
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech…
Read More »Rainforest raises $8.5M to help software companies embed financial services, payments
In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in the not-too-distant-future — “nearly every…
Read More »
