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

American Entrepreneurship

Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. Incumbent methods systematically bias against women- and minority-owned businesses.

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

American Entrepreneurship

Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. Incumbent methods systematically bias against women- and minority-owned businesses.

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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. Recent traction includes companies working in the construction, property management, sports and hospitality industries. million in a seed round.

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Affirm and Klarna ramp up competing efforts to attract US consumers

TechCrunch

And this gives Affirm an opportunity to generate more revenue as it makes money in part on interest fees. 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. Indian fintech Slice tops $1.5 And elsewhere.

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Highnote emerges from stealth with $54M and a plan to take on Marqeta in the world of card issuing as a service

TechCrunch

Fintech startups have thrown a curve ball into the world of financial services by building more flexible, cheaper and user-friendly tools to businesses and consumers, who in turn are walking away from older incumbents and taking their custom to newer providers. All the reasons why you should launch a credit or debit card.

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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

I recently wrote about a new company called Glean AI , started by former OnDeck and Better.com CFO Howard Katzenberg, which aims to help businesses save money by using machine learning to analyze things like deal terms, line-item data, redundant offerings and negotiation opportunities. In other news. Well, that’s it for this week!

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The Interchange: Venture’s mixed signals

TechCrunch

But one of the things that came out at that time was that Visa in fact did view Plaid as a potential competitor, with one executive likening the startup to an island “volcano” whose capabilities at that time were just “the tip showing above the water,” warning that “what lies beneath, though, is a massive opportunity — one that threatens Visa.”