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Financial concierge startup Zeni banks $34M to show SMBs their finances in real time

TechCrunch

Zeni , a Palo Alto fintech company providing real-time financial services data to venture-backed startups, raised $34 million in Series B funding led by Elevation Capital. As part of the investment, Ravi Adusumalli, founder and managing partner at Elevation Capital, will join Zeni’s board. million in a combined seed and Series A round.

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Serena Ventures backs SoLo Funds as finance platform tops 1M registered users

TechCrunch

million downloads to make it “the largest and first Black-owned personal finance platform” to do so, Rodney Williams, co-founder and president of SoLo, told TechCrunch. The community finance company defines the claim “as a business-to-consumer personal finance banking solution, U.S.-based

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Alternative VC Tech Stack: Chisos structured finance

David Teten VC

We’re fortunate to interview William Stringer, Founder of Chisos Capital , a structured finance company. Chisos is a structured finance company that provides startup and brand capital to entrepreneurs, athletes and creatives. My background is finance, investments and operations. Q: What’s your background?

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Poparazzi hits 5M+ downloads a year after launch, confirms its $15M Series A

TechCrunch

million global downloads, according to app intelligence firm Sensor Tower. million downloads for Poparazzi, which is largely in line with the startup’s claims, as these estimates aren’t an exact science.). That round was led by Floodgate and included other investors like SV Angel, Shrug Capital and various angels.

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Japan’s SmartBank raises $20M Series A for its prepaid card and finance app

TechCrunch

While operating Fablic, the trio found that many users still used cash to pay and manage their day-to-day finance. The founders wanted to address the issue in the consumer finance industry in Japan and launched SmartBank. In addition, it will soon release services for parents and kids to manage finance together, the startup says.

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Revenue-based financing: The next step for private equity and early-stage investment

TechCrunch

Revenue-based investing ( RBI), also known as revenue-based financing, or revenue-share investing, 1 is a natural next step for the private equity and early-stage venture investment industry. More recently, we have seen numerous new investment models and financing instruments, including shared earnings agreements and point-of-sale capital.

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Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

TechCrunch

PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Kora Capital, and London-based Clay Point led the round. These different options include bank cards, mobile wallets, QR payments, bank cards’ installments, BNPL, and consumer finance payment options.