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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

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Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

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Some SMBs Switched Banks When PPP Loans Failed To Come Through

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needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

New York 173
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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

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Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. the New York-based settlement platform.

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Could machine learning replace the credit score?

Payments Source

Petal has received a $13 million funding round from Valar Ventures, a New York-based venture capital fund that specializes in financial technology, to use artificial intelligence to fill holes in legacy risk vetting.

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Financial Software Firm OpenFin Raises $17M

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-led round, financial services software startup firm OpenFin notched $17 million in funding. Barclays also participated in the round, as did existing investors such as Bain Capital Ventures, Pivot Investment Partners and JPMorgan Chase & Co., The company is headquartered in London and New York. Reuters reported.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

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The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange.

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Funding Round Could Give AvidXchange $2B Valuation

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Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources.