Category: FinTech News
FinTech News
FinTech News
FinTech Real Estate Platform Backflip Raises $15 Million
A real estate FinTech has revealed its latest funding round. About the round: This week, Backflip announced that it raised $15 million. The Series A was led by FirstMark Capital, while previous investors Vertical Venture Partners, LiveOak Venture Partners, Revel Partners, ECMC, Crow Holdings, and various angel investors also participated. To date, Backflip has raised $95 million in combined equity and debt, including an $8 million seed round in 2022....
FinTech News
Nonprofit Fundraising Platform Givebutter Raises $50 Million
A platform built for nonprofit fundraising has raised some funds of its own. About the round: This week, Givebutter has announced that it's raised $50 million in strategy growth investment funds. The round was led by BVP Forge with participation from Ardent Venture Partners. To date, Givebutter has now raised $57 million including a seed round in 2022. These newly raised funds will be used to accelerate the development of Givebutter's...
FinTech News
Spend Management FinTech Ramp Raises $150 Million
The FinTech startup Ramp has revealed its latest "mega-round." About the round: This week, Ramp announced that it had raised $150 million. The Series D-2 was co-led by Khosla Ventures and Founders Fund. Additionally, new investors Sequoia Capital, Greylock, and 8VC joined existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital, and others in participating in the round. To date,...
FinTech News
Karma Wallet Announces Acquisition of DoneGood Marketplace
An eco-conscious FinTech is adding a sustainable shopping marketplace to its offerings via an acquisition. About the acquisition: This week, Karma Wallet announced that it had acquired DoneGood. Terms of the deal were not disclosed. However, as a result of the purchase, DoneGood will be integrated into the Karma Wallet ecosystem, simplifying the sustainable shopping process. According to Karma Wallet, the acquisition of DoneGood will further empower consumers to make...
FinTech News
Empower Financial to Acquire Petal
The popular credit-building card company Petal is being acquired. About the deal: Empower Financial (not to be confused with Empower, which acquired Personal Capital and rebranded it to Empower Personal Dashboard) has signed a definitive agreement to acquire Petal. Details of the deal were not disclosed. However, Empower anticipates the transition to close later this quarter. News of this acquisition also comes as Empower has completed its purchase of Cashalo....
FinTech News
Rocket Mortgage Announces AI-Powered Tool Rocket Logic
Rocket Companies has unveiled a new AI tool that it says will help makes mortgage underwriting faster and easier. About Rocket Logic: Rocket Mortgage is introducing Rocket Logic — a patented AI platform for mortgages. According to the company, Rocket Logic utilizes insights from more than 10 petabytes of proprietary data as well as 50 million annual call transcripts. As a result, the AI system is designed to help customers...
FinTech News
