Mary Ann Azevedo

Mary Ann is a Senior Reporter at TechCrunch.

The Latest from Mary Ann Azevedo

Forever21’s parent company sues Bolt but settles for becoming a shareholder

A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies announced jointly today

Brazilian proptech startup Loft, which was valued at $2.9B last year, lays off 380 employees

Loft, a Brazilian proptech unicorn, has laid off about 380 employees, or 12% of its workforce, the company announced today. The layoff marks the company’s second round of cuts this year so far. In A

Tracking Klarna’s plunging valuation

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Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’

In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion — about 1/7 of what the compan

When do layoffs matter? Trick question — always

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a live week on the podcast, meaning that Mary Ann and

HomeLister wants to make selling your home more of a DIY affair, and cheaper

Most real estate agents charge a commission — in many cases up to 6% of the sale price of a home — for listing and selling a house on behalf of a homeowner. For a home that sells for about

MAYA Capital closes second fund with $100M for early-stage Latin American startups

This new fund triples the firm’s assets under management and will enable the pair to invest in another 25 to 30 companies.

Brazilian motorcycle rental startup Mottu revs up with $40M to help more Latin Americans become couriers

Mottu, a São Paulo-based motorcycle rental startup, has raised $30 million in equity in a Series B round of funding. The company, which aims to give independent couriers a way to work for logistics a

A look into how Conversion Capital plans to back fintech and infrastructure startups out of its new, 6x larger fund

When Christian Lawless founded Conversion Capital in 2015, fintech was only starting to take off. But Lawless, who started the venture firm after serving in leadership positions in capital markets at

Fintech Amount, which was valued at $1B last year, lays off 18% of staff

Amount, a fintech that reached unicorn status last year, has laid off 18% of its workforce. The exact number of how many people were affected is not known, but when TechCrunch reported on its last rai

Fintech investors appear to be favoring later-stage deals as sector takes a hit, recent data shows

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Brex says it did a ‘poor job’ explaining its decision to cut off SMBs

Brex’s announcement last week that it would stop serving small-to-medium-sized businesses shocked — and upset — many in its suddenness and delivery. The fintech decacorn, which started its life

Better.com loses three more senior executives, including SVP and VP of sales

Three more senior executives of digital mortgage lender Better.com have resigned, multiple sources tell TechCrunch. Those three executives are: Jillian White, general manager of Better’s affilia

Why did Brex really decide to ditch SMBs?

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Brex leaving adrift some SMB customers roils corporate spend market

Given how competitive the corporate spend world has proved, Brex has kicked off an interesting strategic conversation in the well-funded fintech startup niche. Let’s talk about it.

As Brex exits the SMB space, its CEO says that doesn’t include startups … at least the funded ones

Brex’s decision to stop serving SMB customers surprised many in the startup and fintech community. TechCrunch spoke with CEO and co-founder Henrique Dubugras to learn more about what drove the decis

This feels like a SoftBank deal from 4 years ago

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Equity is back in the saddle this week, with Mary Ann and Alex and

Brex, which started out serving startups, now says it is ‘less suited to meet the needs of smaller customers’

Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning the very segment it started out to serve — small to medium-sized

Notarize signs off on 25% staff reduction, admits challenging fundraising environment

Notarize, a startup that offers remote online notarization services, has let go of 110 people — or 25% of its workforce. Doing the math, the 7-year-old, Boston-based company had about 440 employees

Auxilius lands $10M to help biopharmas manage financial aspects of the clinical trial process

Many of us take prescription medication with little to no understanding of just how long it takes — or how much it costs — to get that drug to market. Conducting clinical trials of a given medicat
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