Bend is taking on Brex and Ramp with a green twist and a $2.5M seed round
Like many other credit cards, Bend offers rewards, though not the usual cash back or points-based fare. Instead, it offers carbon offsets.
Reimbursement and spend management platform PayEm secures $220M in equity and debt
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 lo
Spend management startup Pleo lays off 15% of its workforce
Danish startup Pleo has announced that it plans to lay off around 15% of the company’s workforce. As the company currently has nearly 1,000 employees, it could affect up to 150 people. Pleo develops
Brex, valued at $12.3B earlier this year, lays off 11% of staff as part of restructuring
Corporate spend management startup Brex has laid off 136 people, or 11% of its staff, across all departments as part of a restructuring, the company has told TechCrunch exclusively. After the layoffs,
Mesh Payments closes on $60M as demand for its corporate spend offering surges
Financial management startup Mesh Payments has landed $60 million in new funding, 10 months after its last raise. Founded in Israel and now with headquarters in New York, Mesh Payments is one of a gro
Fintech isn’t dead, as Ramp reports accelerating revenue growth
Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the start of the ye
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
Fintech Brex bets big on software, lands DoorDash as a customer
The corporate spend space continues to heat up. Today, decacorn Brex revealed that it is making a big push into financial software with the release of a new spend management product called Brex Empowe
Starlight shoots for the moon, aiming to build the Brex of crypto
Companies are scrambling to participate in the crypto ecosystem, but many of the tools available for them to use are disjointed and not user-friendly, especially for those new to web3. New York-based
These Y Combinator-backed startups want to build the next Brex
At least four startups at Y Combinator’s W22 batch – from three different regions – referred to themselves as the “Brex for" their particular geography.
Fintech Roundup: Will financial technology startups dodge the venture slowdown?
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me r
Ramp confirms new $8.1B valuation after ‘a nearly 10x’ YoY increase in revenue
Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 billion. In early February, The In
Ramp expands into travel as the corporate spend category goes horizontal
Corporate spending has marked a huge opportunity in the world of fintech. Multiple players have emerged with various solutions — from software to corporate cards — to help businesses of al
Airbase teams up with Amex on corporate spend, raises a little capital from the giant
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
Fintech Roundup: Corporate spend just can’t be a winner-takes-all space
Welcome to my new weekly fintech focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me
Pluto lands funding from fintech all-stars to build a ‘Ramp for the Middle East’
Here in the U.S., the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the Middle East, the market is far less crowded. And one n
Rho raises $75 million Series B for its one-stop corporate spend and cash management solution
Corporate spend and cash management company Rho today announced that it has raised a $75 million Series B funding round, alongside a redesign and rebranding.
Airbase announces free tier, plans to return nearly all interchange revenue to its customers
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.
Brex just signed a term sheet for $300M at a $12.3B valuation
Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The so
Airbase adds spend support for international subsidiaries
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