Ramp expands into procurement, lands Shopify as a customer
Ramp continues to ramp up its business. The fintech startup announced today that it is entering the procurement space as it focuses more on “complex” enterprises and that it has…
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When you’ve got two exits under your belt by the age of 26
In this week’s edition of The Interchange, we touch on M&As in the fintech space as AngelList nabbed a startup and Uplift got bought for less than it raised in…
Read More »AngelList expands into private equity with acquisition of fintech startup Nova
AngelList, an organization that started out by teaming up founders with early-stage investors, is expanding into the private equity space. And it’s acquired a Y Combinator-backed fintech startup in the…
Read More »a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’
The crypto payments space is seeing a surge of activity these days as developers strive to make decentralized finance as user-friendly as web2 experiences. Eco Inc., an a16z-backed payments startup…
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GlossGenius raises $28M to expand its bookings and payments platform for beauty businesses
GlossGenius, a platform designed to handle bookings and payments for salons and spas, today announced that it raised $28 million in a Series C funding round led by L Catterton…
Read More »Upgrade acquires travel-focused BNPL startup Uplift for a song
Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million…
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Bloom Money raises £1M to digitize microcredit finance for ethnic communities
Bloom Money, a U.K.-based fintech, has raised £1 million to digitize an informal financial management system employed by ethnic communities across the world. Often referred to as “rotating savings and…
Read More »Shopify expands into credit cards as it pushes further into the fintech space
Shopify has entered the credit card game. The commerce giant announced today that it is offering Shopify Credit, a business credit card designed exclusively for its merchants. The new product…
Read More »Jeeves hits over $40M in annualized revenue as it expands beyond corporate credit cards
In September of 2021, Jeeves began offering corporate credit cards as its primary product — with a primary focus on Latin America — after participating in Y Combinator’s summer 2020…
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FedNow may finally be live, but will it be too costly for businesses to adopt?
Welcome to The Interchange! If you want this in your inbox, sign up here. It was an event-filled week in the fintech world, what with FedNow launching, the former CEO…
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