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

American Entrepreneurship

Small businesses are the backbone of the American economy yet banks do not have their backs, says CEO and co-founder Sahill Poddar. Its embedded infrastructure powers financial services for marketplaces, vertical SaaS, and payment platforms. The two co-founders leveraged their tech backgrounds to pursue an entrepreneurial opportunity.

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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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

American Entrepreneurship

Small businesses are the backbone of the American economy yet banks do not have their backs, says CEO and co-founder Sahill Poddar. Its embedded infrastructure powers financial services for marketplaces, vertical SaaS, and payment platforms. The two co-founders leveraged their tech backgrounds to pursue an entrepreneurial opportunity.

finance 98
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Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

TechCrunch

A number of angel investors also participated including Airbase Founder and CEO Thejo Kote, Auth0 co-founder and CTO Matias Woloski, Mercado Libre CFO Pedro Arnt, Kavak COO and Bain Capital’s Keri Gohman, among others. ALLVP and Infinity Ventures, a firm founded by a trio of ex-PayPal execs, co-led the equity raise.

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

With a large population, Pakistan is geographically smaller, well-connected with fewer provinces, has lower regulatory barriers and doesn’t have strong incumbents,” Khurshid, who is originally from Pakistan, said via email. This allows Pakistani startups to scale faster throughout the country and expand into other markets.”.

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

TechCrunch

TrustLayer , which provides insurance brokers with risk management services via a SaaS platform, has raised $6.6 TrustLayer co-founder and CEO John Fohr said the company was founded on the premise that verification of insurance and business credentials is a major pain point for millions of businesses. million in a seed round.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

Revolution Ventures led the round and was joined by existing investors Madrona Venture Group, Oregon Venture Fund and Mucker Capital, as well as Wise co-founder Taavet Hinrikus. She told TechCrunch she met the company’s co-founders through the Portland ecosystem. Investors, founders report hot market for API startups.