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Parafin Transforming Delivery of Small Business Financial Services Closes $100M Series C

American Entrepreneurship

Small businesses are the backbone of the American economy yet banks do not have their backs, says CEO and co-founder Sahill Poddar. Founded in 2020 by Poddar and Vineet Goel, the startup has provided nearly $1 billion in annual funding for tens of thousands of small businesses in the U.S. and Canada.

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Restrictions on acquisitions would stifle the US startup ecosystem, not rein in big tech

TechCrunch

Silicon Valley Bank’s 2020 Global Startup Outlook puts it this way: “[T]he fact is most entrepreneurs never expect to reach a public market exit.” NVCA-Pitchbook data on acquisitions and IPOs back up the sentiment of founders when it comes to likely exit opportunities. Accordingly, 58% of startups expect to be acquired.

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Parafin Transforming Delivery of Small Business Financial Services Closes $100M Series C

American Entrepreneurship

Small businesses are the backbone of the American economy yet banks do not have their backs, says CEO and co-founder Sahill Poddar. Founded in 2020 by Poddar and Vineet Goel, the startup has provided nearly $1 billion in annual funding for tens of thousands of small businesses in the U.S. and Canada.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

Revolution Ventures led the round and was joined by existing investors Madrona Venture Group, Oregon Venture Fund and Mucker Capital, as well as Wise co-founder Taavet Hinrikus. Since the company launched its platform, business was building steadily, and took off in the second half of 2020. The company raised a $7.7

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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

Incumbent giants therefore could lose a sizable chunk of market share if a company could just manage to weave together China’s manufacturing proficiency and agility with the modern tech startup philosophy of “moving fast and breaking stuff.”. The company aims to reach $1.2 billion this year. Finding a bigger wave to ride.

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Maev secures $9M; will have your dog howling for more of its raw pet food

TechCrunch

Driven by the global pandemic and everyone being at home with their pets, sales topped $100 billion in 2020 in this sector. Maev founder and CEO Katie Spies. Though they officially started the company in 2019, Busaba and Spies didn’t launch their first product, the raw dog food, until 2020. Image Credits: Maev .

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Opportunity Amid Volatility

Haystack

Maybe it will be 2019, or 2020 — or even 2021. A successful seed investor once remarked to me that he views “the traditional seed round” today for a good or proven founder to be akin to having a “ free first move on the chess board.” I am expecting a downturn at some point. Dreams can be fueled here.