Current payment rails, particularly in the U.S., are decades old. In recent years, fintech companies have built new ones, but it takes years and millions of dollars to do.
Spend management company Airbase found itself trying to access its own funds while also helping customers make payments through Silicon Valley Bank during the bank's collapse.
At TechCrunch Disrupt 2022, Ramp CEO Eric Glyman, Airbase CEO Thejo Kote and Anthemis partner Ruth Foxe Blader discussed how to compete in a tough fundraising environment.
How long is your startup’s runway? It’s an important question and an essential metric for every early-stage founder to know. But for startups wading into hot sectors with big markets — fintech a
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.
At least four startups at Y Combinator’s W22 batch – from three different regions – referred to themselves as the “Brex for" their particular geography.
This morning Airbase, a startup in the corporate spend space, announced that it is working with Amex on a pilot that will see its service offered to certain customers of the credit giant. The deal als
A good thing about technology products is that they can make a particular type of service cheaper over time. We're seeing the phenomenon play out in the corporate spend market.
Airbase, a corporate spend management startup, announced this morning that it now supports subsidiaries in different countries for U.S.-based businesses. As more companies lean into remote work, and a
From a high level, all of the recent deal-making in corporate cards and spend management shows that it’s not enough to just help companies track what employees are expensing these days.
This morning Airbase, a corporate spend startup, announced that it has closed a $60 million Series B led by Menlo Ventures. The deal’s announcement comes after Divvy, another corporate-spend foc
This morning Clara announced that it closed a new, $30 million funding round and secured a $50 million revolving debt facility. The startup, which provides corporate cards to Mexican companies, raised
Let's unpack the deal to gain a better understanding of the huge exit and the value of Divvy's richly funded competitors.
Earlier today recent dog-parent Alex Konrad and fellow Forbes staffer Eliza Haverstock broke the news that Divvy, a Utah-based corporate spend unicorn, is considering selling itself to Bill.com for a
Mere weeks after rival corporate spend startup Ramp announced that it raised a two-part round worth $115 million at a $1.6 billion valuation, this morning Brex disclosed a $425 million Series D led by
Earlier this year Divvy, a Utah-based software company that provides corporate spend management software, raised a $165 million round at a $1.6 billion valuation. It followed its competitor Brex to un
This morning Ramp, a startup that competes in the corporate spend market, announced that it has secured a $150 million debt facility with Goldman Sachs. Ramp previously raised a $30 million Series B i
Today Divvy, a Utah-based startup that focuses on corporate spend management, announced that it has closed a $165 million round at a $1.6 billion valuation. The company said that the new capital was r
A few weeks back, TechCrunch wrote about how Ramp, a corporate credit card startup with a focus on cost control, had added expense management software on top of its company plastic business. Closing o
This morning Airbase, a startup that sells spend and budgeting software for companies, announced a $23.5 million extension to its Series A. TechCrunch covered the company’s first Series A tranch