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Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack

TechCrunch

While the CEO sets strategy, messages, and builds culture, the CFO needs to know everything that it is going on in an organization. Worse, CFOs are expected to be more strategic than ever about finance, but can struggle to deliver important forecasts and projections given the lack of availability of key data. Photos via Mosaic.

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

TechCrunch

The latest financing brings the San Francisco-based startup’s total funding raised to $50 million. While it invested mostly on its product in 2021, it plans to put some of its new capital toward its go to market strategy while continuing to be “heads down focused on product.”

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

billion in an all-stock deal that was a reflection of its continued push into consumer finance. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g. TechCrunch last reported on Fast in January of 2021, when the startup raised a $102 million Series B financing led by Stripe.

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

TechCrunch

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. As part of the investment, Priya Saiprasad, partner at SoftBank Investment Advisers, is joining CommerceIQ’s board of directors. “E-commerce

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Jambo raises $7.5M from Coinbase, Alameda Research to build “web3 super app” of Africa

TechCrunch

The mix of positives such as a fast-growing population–the youngest globally–, solid smartphone penetration, increasing crypto adoption, and negatives like low GDP per capita across board and unemployment makes Africa the next ripe ground for web3. And a few companies, such as Jambo, are positioning themselves for this next boom.

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So much fintech M&A

TechCrunch

I talked with Dean Henry, EVP of global commercial services for Amex, and Colleen Taylor, president of merchant services, US at Amex, and they gave me some insight into the strategy behind the buy. The company also said that president Tim Mayopoulos will step down from his role in the first quarter and remain as a board member.