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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. It seems that his thesis was correct.

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Q&A: How Verizon Small Business Digital Ready Can Help You

StartupNation

To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences. To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences.

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Truework, which helps lenders verify borrowers’ income and employment, raises $50M

TechCrunch

automotive, personal loans, and student financing) to verify and approve borrowers quickly within their own applications using Truework’s APIs. And the current economic environment, it seems, is playing more than a bit-part in this trend. Truework’s raise comes as consumer borrowing continues to surge in the U.S.

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.

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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

According to a survey by marketing startup Uberall, there was a more than 11% increase in customer engagement with local businesses in 2020 versus 2019 and more than 35% increase in conversions via websites and phone calls during the same time frame.

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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf , which last July raised $150 million at triple its previous valuation ($4.3 This week, Crunchbase further noted that while cyber startups saw more funding in H2 than all of 2020 ($8.9

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7 investors discuss why edtech startups must go back to basics to survive

TechCrunch

The early innings of the pandemic netted edtech massive investments of more than $10 billion in venture capital investment globally in 2020 and $20 billion in 2021. This move toward extension rounds illustrates a level-setting of expectations from founders around fundraising in the current economic environment.

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