Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch…
Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders…
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its…
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every…
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Ramp and Brex have been vocal about how they believe AI will transform the way they operate and serve their customers.
Sparx is very much in its early stages, however, in the past six months, the company has already reached profitability.
Earlier this year, a big French tech company started requiring an email to the CEO for every purchase above €1,000. That’s because they didn’t have the right tool to manage…
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The…
It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal…
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Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves in the startup community. While Brex soon clarified that by smaller customers it meant small to medium-sized businesses and non-funded startups,…
Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told TechCrunch…
Clara is working with 10,000 companies across Latin America and reports an annual run-rate of 5 million credit card transactions, equivalent to $1 billion.
2022 was a tumultuous year for many fintech startups. But for Ramp, it was a year of opportunity. The company shared today that it saw its revenue grow by 4x…
The cloud is growing expensive. According to a recent survey from ESG, more than half of companies say that their spending on public cloud apps will increase in 2023 while…
When Itamar Jobani, a software developer by trade, was working for a healthcare company, he dreaded doing expense reports every month using his employer’s preferred reimbursement tool. Jobani looked for…
When news surfaced last week that activist investors were taking the unusual step of pressuring Coupa Software to not sell for less than $95 a share, it got our attention.…
Less than two months after announcing a new $9.2 billion valuation, TripActions said today it has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank (SVB). …
TripActions is said to have filed confidentially to go public in the second quarter of next year at a $12 billion valuation. Citing an unnamed source, Business Insider broke the…
In the startup world, adding lines of business is always a risk. A company can spread itself too thin and end up not doing a great job at much of…
When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where…
With 12 million users and nearly $200 million in annual recurring revenue, expense software provider Emburse has built much of its business in the enterprise. Historically, it has competed with…
European spend management startup Payhawk has added $100 million to its Series B round that I already covered back in November. The startup confirms that it has reached a post-money…
Coast, which aims to help companies control fuel and fleet spending with its expense management software, has raised $27.5 million in a Series A financing co-led by Accel and Insight…
Berlin-based startup Moss announced earlier this week that it has closed a new $86 million Series B funding round (€75 million). The company offers corporate credit cards for small and…
Fintech startup Spendesk is announcing that it has raised an extension to its Series C round. Tiger Global is investing $114 million (€100 million) in the startup. Following today’s funding…
If you’ve followed corporate card and spend management startups in the U.S., you might be familiar with Brex and Ramp. Payhawk is also offering an all-in-one financial management solution for…
Less than five months after raising $115 million, spend management startup Ramp announced today it has raised $300 million in a Series C round of funding that values the company…
French startup Spendesk has announced earlier today that it has raised a $118 million funding round (€100 million) led by General Atlantic. Overall, the company has raised $189 million (€160…
Fintech startup Payhawk has raised a $20 million funding round. QED Investors is leading the round with existing investor Earlybird Digital East also participating. Payhawk is building a unified system…
