Revenue-based financing platform Bloom secures $377M Series A led by Credo and Fortress
While the likes of Pipe are reaching multi-billion valuations, European revenue-based financing is experiencing as much of a boom as it is in the U.S. U.K.-based startup platform Bloom has…
Read More »Fintech Bolt just laid off over 100 employees across engineering, sales and marketing
One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say. CEO Maju Kuruvilla confirmed the workforce reduction in a…
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TechCrunch+ roundup: Stripe vs. Plaid, IP litigation, what VCs really think about the downturn
If I received a note from an investor stating, “although somber, this data is not meant to alarm you,” well, I might be alarmed. But that quote from Reach Capital…
Read More »PayPal laid off 83 employees as it reduces Bay Area presence
PayPal laid off dozens of employees from its San Jose headquarters, filings show. As first reported by The Information and later confirmed by Techcrunch, the layoffs impacted 83 employees. PayPal’s…
Read More »Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation
Nowports, an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 billion. For the unacquainted, digital…
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Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business
A new startup lifting elements of competing businesses is far from unusual in today’s venture world, but sometimes competing founders don’t find the imitation all that flattering. Andy Bromberg, CEO…
Read More »Klarna lays off 10% of its workforce
Swedish payment giant Klarna is going to cut hundreds of jobs in the coming days. Today’s news comes a few days after the Wall Street Journal reported that the company…
Read More »MainStreet’s valuation could fall 60% to $200 million amid investor recapitalization pursuit
Weeks after laying off about 30% of its staff, MainStreet is said to be raising another round of funding at a $200 million valuation, sources tell TechCrunch. The news is…
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Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and…
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The Interchange: Venture’s mixed signals
Welcome back to The Interchange, the weekly TechCrunch series that looks at the latest — and what’s ahead — in the global fintech industry. It’s an incredible time to be…
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