The Latest from Mary Ann Azevedo
eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth
After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation. The money is not a typ
Mercury expands FDIC insurance up to $3M through new Vault product
Mercury, a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s col
Deel makes over $120M of its own cash available to support customers affected by SVB crisis
Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down. It has team
We’re only beginning to see the impact of Silicon Valley Bank’s implosion
Despite the economic turbulence of the past year, I think it’s safe to say that many of us did not see the sudden full-on implosion of Silicon Valley Bank coming. While we could have guessed the sto
VCs are declaring their allegiances in the wake of SVB’s collapse
The dust has yet to settle in the largest bank run in U.S. history, a collapse that in just 48 hours dismantled the tech startup-focused Silicon Valley Bank. But already a debate is raging in the vent
For fintechs in 2022, the bigger the exit, the larger the decline in value
"We're really only beginning to see the ripple effects in the private markets of the 72% drop in valuations we saw in the public markets.”
How founders are reacting to Silicon Valley Bank’s collapse
The ripple effect of SVB’s downfall is reverberating throughout the tech sector.
For startup competition, SVB’s nightmare is a win and a dare
Sometimes, leaving stealth isn’t your own choice: It’s a force function of two of your largest competitors evaporating from the business, and the third triggering clients so much that there’s a
Flat is the new up, down is the new flat, dead is the new down
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Mary Ann Azevedo, Natasha Mascarenhas and Alex W
Synctera raises $15M to help companies launch embedded banking products in Canada
Synctera, a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada. NAventures, the corporate venture arm of National Bank of Canada, led the financing, which bri
Better.com’s SPAC gets a lifeline but remains on life support
It's looking less likely that digital mortgage lender Better.com will go public via a SPAC combination with Aurora.
7 investors reveal what’s hot in fintech in Q1 2023
It appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing.
Amazon and Better.com’s unlikely pairing
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Why hasn’t generative AI come up with something easier to say than ‘generative AI’?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Mary Ann Azevedo, Becca Szkutak and Alex Wilhelm gat
8VC raises $880M in new fund that aims ‘to fix a broken world’
Austin-based venture firm 8VC, led by controversial Palantir founder Joe Lonsdale, has raised $880 million in its fifth fund. In a blog post published today, Lonsdale — who serves as 8VC’s gen
Varo, Stripe said to be raising new funds at much lower valuations
With the market turning so dramatically in 2022, it’s no surprise that many startups are now believed to be raising down rounds. This week alone, it was reported that Varo was raising a $50 million
This is fintech’s ‘Noah’s Ark Year’
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single pe
Amazon is letting employees use their stock to finance home purchases and even second homes
Amazon has struck a deal with embattled online mortgage lender Better.com to offer up a new benefit to employees. Better.com is launching Equity Unlocker, a program that allows employees to use their
Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022
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Scooters and social media companies are surprising IPO candidates
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Natasha Mascarenhas, Mary Ann Azevedo and Rebecca Sz