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

American Entrepreneurship

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. Poddar previously was Head of Machine Learning Engineering at investment platform Robinhood following his position as Data Scientist at Meta. and Canada.

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. A NetEase spokesperson declined to comment on the investment in IMVU.

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

TechCrunch

Acquisitions contribute to the health of the startup ecosystem, as entrepreneurs who realize liquidity through the sale of their company regularly go on to found innovative new companies and often invest in other startups as angel investors or venture capitalists. Accordingly, 58% of startups expect to be acquired.

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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.”. He soon began to invest in everything from ramen and hotpots to bottled beverages.

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

American Entrepreneurship

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. Poddar previously was Head of Machine Learning Engineering at investment platform Robinhood following his position as Data Scientist at Meta. and Canada.

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

TechCrunch

The funding brings the total investment to date for Portland, Oregon-based Sila to $20 million. Since the company launched its platform, business was building steadily, and took off in the second half of 2020. As part of the investment, Clara Sieg, partner at Revolution Ventures, is joining the company’s board.

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TomoCredit raises $7M to help the cash rich and credit poor

TechCrunch

Today, Tomo announced a $7 million seed funding round that included participation from a slew of investors including KB Investment Inc. KBIC) — a subsidiary of South Korean consumer bank, Kookmin Bank — along with Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures and Strong Ventures. .