Mary Ann Azevedo / TechCrunch:
All three founders of online trading service Pipe are stepping down as the company looks for a “veteran” CEO; Pipe raised $250M at a $2B valuation in May 2021 — Co-founder Harry Hurst says, ‘We’re 0-1 builders, not at-scale operators.’ — The three co-founders …
Mary Ann Azevedo / TechCrunch:
Report: corporate expense management service TripActions, which was last valued at $7.25B, filed confidentially for a US IPO seeking a $12B valuation — TripActions is said to have filed confidentially to go public in the third quarter of next year at a $12 billion valuation.
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:
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:
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:
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 …
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