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Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

TechCrunch

Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). That could lead to consolidation, too.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. The latest capital infusion comes less than a year from a $60 million Series C round that happened in June 2021. It’s certainly not slowed down.

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Five Predictions for 2023

Tomasz Tunguz

ML propels SaaS into a massive second wave that increases workers’ productivity measurably. Users grow accustomed to this very quickly & ML becomes a requisite feature in most workflow SaaS. In the private markets, data & machine learning companies continue to raise capital despite the macro-slowdown.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

And today, Yu and Yang’s new company, San Francisco-based Vesta , is announcing it has raised $30 million in Series A financing led by Andreessen Horowitz (a16z) with participation from new investor Zigg Capital. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

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Polly snags $37M in Menlo-led Series B to automate workflows for mortgage lenders

TechCrunch

Polly, a SaaS technology startup aiming to “transform” the mortgage capital markets, announced today that it has raised $37 million in a Series B funding round led by Menlo Ventures. The latest financing brings the San Francisco-based startup’s total funding raised to $50 million.

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Ascend raises $5.5M to provide a BNPL option for commercial insurance

TechCrunch

Startups like Ascend aiming to disrupt the insurance industry are also attracting venture capital, with recent examples including Vouch and Marshmallow , which raised close to $100 million, while Insurify raised $100 million. Bill Trenchard, partner at First Round Capital, met Wynn while he was still with Sheltr. Ascend app.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.”. and Mexico. As a result, they may have to sell.”. Well, that was fast! Guess we’ll see about that.