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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. billion in 2021. This year, $1.6

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Neo has also expanded beyond just offering personalized loyalty card programs and into launching co-branded card programs, “buy now, pay later” options (BNPL), point of sale installment financing and subscription-based loyalty services for both online and brick and mortar retailers. .

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

TechCrunch

Angel and individual investors also put money in the round, including: Backstage Capital founder Arlan Hamilton, ex-Venmo COO Michael Vaughan and James Kim, former head of finance at Tinder. . We are living in 2021 and open banking is popular, so it’s easier to get access to open banking data. And that’s not their fault.

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African healthtech startups in the supply chain segment show rapid growth, spurring a $7M investment initiative

TechCrunch

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. There’s been an improvement on the former: 58% of innovators that raised funding in the last 12 months cited Africa-led investors as a source of financing. In 2021, they received just $1.6

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Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

TechCrunch

The Mexico-based startup closed the $15 million Series A round and $20 million debt financing after participating in Y Combinator’s Winter 2021 cohort. Mendel says its software gives finance teams a way to manage card transactions in real time, set granular spend rules and track spending from a central dashboard.

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With capital aplenty, modern corporate investors marry financial and strategic goals

TechCrunch

Yesterday, The Exchange dug into the data behind the CVC market’s very busy 2021. The corporate venture capital (CVC) market is booming. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

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Affirm and Klarna ramp up competing efforts to attract US consumers

TechCrunch

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In February 2021, corporate spend startup Brex was the latest fintech to apply for a bank charter. What does this mean for digital banks as a whole?