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

American Entrepreneurship

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. Incumbent methods systematically bias against women- and minority-owned businesses. and Canada.

finance 98
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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. Haris Khurshid, general partner at Chalo Ventures , launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups. As the global venture capital market slows, is the US dodging the downturn?

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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

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. Incumbent methods systematically bias against women- and minority-owned businesses. and Canada.

finance 98
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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 Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. million in a seed round.

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

TechCrunch

ALLVP and Infinity Ventures, a firm founded by a trio of ex-PayPal execs, co-led the equity raise. Better Tomorrow Ventures, Lee Fixel’s Addition, Broadhaven and Magma Partners are also backers of the company. based corporate spend startup that in June closed a $60 million Series B led by Menlo Ventures and whose CEO is an investor.

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Bringing AI to the Masses

Andreessen Horowitz

You could either spend, you know, you raise some venture funding, you could either spend some of that funding on hiring out a whole team and developing all those competencies, or you can spend that on making your model even better. You know, incumbents versus startups. You need to do billing in all these different countries.