Mary Ann Azevedo / TechCrunch:
Jiko, a neobank that gives companies “low-cost access” to short-term US Treasury bills, raised a $40M Series B, bringing its total funding to $87.7M — Jiko started its life as a mobile bank for consumers. But over time, the fintech startup has evolved its model …
Mary Ann Azevedo / TechCrunch:
Plaid lays off approximately 260 employees, or 20% of its workforce, citing macroeconomic conditions; the company was valued at ~$13.4B in April 2021 — CEO says the fintech company ‘hired and invested ahead of revenue growth’ — Fintech decacorn Plaid is laying off 260 employees …
Mary Ann Azevedo / TechCrunch:
Plaid lays off approximately 260 employees, or 20% of its workforce, citing macroeconomic conditions; the company was valued at ~$13.4B in April 2021 — CEO says the fintech company ‘hired and invested ahead of revenue growth’ — Fintech decacorn Plaid is laying off 260 employees …
Mary Ann Azevedo / TechCrunch:
NYC-based NorthOne, which offers digital banking services for small business owners, raised a $67M Series B, bringing its total funding to $90.3M — It’s common knowledge, especially to those who work in financial services, that the COVID-19 pandemic dramatically increased demand for digital banking globally.
Mary Ann Azevedo / TechCrunch:
Robinhood launches a waitlist for Robinhood Retirement, which it calls the “first and only” IRA with a 1% match on every eligible dollar contributed — Fintech says its will offer a 1% match on every eligible dollar contributed to its IRAs — Retail trading app Robinhood is entering the retirement game.
Mary Ann Azevedo / TechCrunch:
Landa, whose app lets users invest in rental properties for as little as $5 via fractional ownership, emerges from stealth with an $8M seed and $25M Series A — It’s safe to say that millions of Americans dream of becoming real estate investors but can’t or don’t due to a variety of challenges …
Natasha Mascarenhas / TechCrunch:
Majority, a mobile bank serving migrants to the US, raised a $30M Series B and $7.5M in debt, bringing its total funding to $83.5M in just over a year — Nine months after raising a Series A round, Majority has raised tens of millions in both equity and debt financing for its mobile bank for migrants.
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