Plaid lays off approximately 260 employees, or 20% of its workforce, citing macroeconomic conditions; the company was valued at ~$13.4B in April 2021 (Mary Ann Azevedo/TechCrunch)

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 …

Kirsten Korosec / TechCrunch:
Internal email: autonomous delivery startup Nuro is laying off 300 people, or 20% of its workforce, to preserve cash, and says it has $1B on its balance sheet  —  Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people …

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:
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:
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 …

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.