Why did Brex really decide to ditch SMBs?
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Read More »As Brex exits the SMB space, its CEO says that doesn’t include startups … at least the funded ones
Brex’s decision to stop serving SMB customers surprised many in the startup and fintech community. TechCrunch spoke with CEO and co-founder Henrique Dubugras to learn more about what drove the…
Read More »Brex, which started out serving startups, now says it is ‘less suited to meet the needs of smaller customers’
Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning the very segment it started out to serve — small…
Read More »Able.ai exits stealth with $20M to help big lenders speed up making high-value loans
Large banks are stepping up their game when it comes to new services and the technology that underpins them, and in many cases they are borrowing straight from the tech…
Read More »Auxilius lands $10M to help biopharmas manage financial aspects of the clinical trial process
Many of us take prescription medication with little to no understanding of just how long it takes — or how much it costs — to get that drug to market….
Read More »Wealthsimple, valued at $4B last year, joins the fintech layoffs list
Canadian fintech giant Wealthsimple, which was valued at $4 billion as of last year, is laying off 159 people — or about 13% of its staff. The Toronto-based company has…
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Cube, which wants to help finance teams plan better and faster, lands $30M after seeing 400% ARR growth
Cube, a startup that wants to help companies “plan their financial future,” has raised $30 million in a Series B funding round led by Battery Ventures. Existing backers Mayfield Fund,…
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Narmi lands $35M to layer services on top of existing banking infrastructure
The banking industry isn’t always welcoming to startups, depending on the market’s outlook. As inflation rises and companies brace for the worst, once-promising neobanks are being forced to face the…
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Tencent, Block back Indonesian fintech platform Flip with $55M Series B extension
Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent with participation from Block (formerly known as Square) and existing backer Insight…
Read More »MFS Africa raises additional equity and debt capital to take its Series C to $200M
Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital…
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