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Harry’s files paperwork for fresh $139.9M financing

TechCrunch

A year after the FTC blocked Harry’s from getting acquired by Edgewell Personal Care, the direct-to-consumer razor startup raised $155 million in Series E financing to give it a $1.7 million in a new financing event. billion valuation. SEC filings show that Harry’s has raised $139.9 From acquisition target to brand incubator.

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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

TechCrunch

The financing marks the company’s first ever institutional funding. Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services. Endeavor Catalyst also participated in the financing.

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Disrupting Finance From Above: Wealthfront

abovethecrowd.com

First, they believe that the current offerings from the financial incumbents are lacking. In 2013 there were 967 million FPS transactions. Regulation becomes the friend of the incumbent in highly regulated industries through a process known as regulatory capture. The basis of this argument is really two fold.

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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. billion, had cut 10% of its staff. I did, too.

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How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

TechCrunch

Instead, the challenge was how to rebuild the concept of a bank in a country where banking is widely hated, all while the incumbents heavily entrenched with the state worked to block every move. But years would pass and Velez still had no idea what he wanted to do.

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Ed Zimmerman: The Growing Scarcity of Series B Venture Rounds

WSJ - The Accelerators

For instance, in first quarter 2015, 55% of all American venture rounds were either seed or Series A, split almost evenly, while 19% of all rounds were Series B (the third round of financing), according to data from CB Insights. Since then, the global allocation to seed funding has significantly increased. Because the U.S.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. billion in an all-stock deal that was a reflection of its continued push into consumer finance.

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