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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

Co-founder and CEO Afif Khoury says that the new capital — a combination of debt and equity of which Khoury wouldn’t provide a very detailed breakdown — will be put toward mergers and acquisitions, customer success and international expansion.

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.

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Opal secures $10M for dynamic access management

TechCrunch

Umaimah Khan, Opal’s other co-founder and head of product, came from Collective Health, a self-funded employer health benefits firm. Even amidst the current economic environment, we believe there will continue to be a budget for products that drive value in these spaces,” he added. Image Credits: Opal.

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Leapfin pulls together financial info across data siloes to simplify reporting

TechCrunch

When Leapfin founder and CEO Ray Lau was managing financial operations at the game company Zynga a decade ago, he saw just how hard it was for his team to get answers about the financial health of the company quickly. He believes that a product like this can thrive even in a down economic environment. “We

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Boston offers a world of advantages for startup founders

TechCrunch

It needs a couple of successful exits, which in turn drives angel investing as entrepreneurs growing increasingly wealthy look to help new founders building companies reach their own goals. What is Boston like today and why should founders think about launching their companies here? All of these industries have something in common.

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The end of a second straight month of layoffs in tech

TechCrunch

There are also the founders who — within the same breath of their layoff announcement — will make it clear that they are still hiring for strategic roles. We believe these actions are the prudent thing to do for the long-term health of the company and remain extremely excited about the future.”