Miami-based AI bookkeeping startup finally has raised another big round: $200M in equity and debt
The SMB-focused bookkeeping, accounting and finance startup finally has raised $50 million in a Series B round of funding and secured a $150 million credit line, TechCrunch is the first to report. The financing comes just seven months after the fintech company announced it had raised $10 million in funding, and brings Miami-based finally’s total raised since its 2018 inception to $305 million in debt ($235 million in credit facilities) and equity ($74 million). Felix Rodriguez came up with the
Sep 9, 2024
Former Stripe engineer raises $4M for Beam, a fintech startup out to help contractors get paid faster
Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding round led by Accel. Both the startup’s founder and lead investor previously spent years working at payments giant Stripe. Before starting Beam in October of 2022, Adam Eagle had spent […]
Mar 23, 2023
Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported last week that spend management company Ramp was raising “several hundred million dollars” at a $5.5 billion valuation. Ramp last raised in March […]
Aug 22, 2023
The fallout after Bolt’s aggressive fundraising attempt has been wild
This past week was a wild one in the world of fintech as Bolt surprised the industry with a leaked term sheet that revealed it is trying to raise $200 million in equity and an unusual, additional $250 million in “marketing credits.” As part of this deal, Bolt wanted a $14 billion valuation bolstered by an aggressive pay-to-play type cramdown that would try and force its existing investors to cough up more cash, too, or essentially lose their stakes to a 1 cent per share buyout. The industry re
Aug 24, 2024