Dakotah Rice spent years working in the investment banking industry at firms such as Goldman Sachs, Carlyle and Coatue. One thing that stood out to …
This startup just landed $8.5M led by Bessemer to help companies automate their financial operations
The problem of cash flow reconciliation is an increasingly large one, especially in light of the explosion of digital payments since the onset of the …
Why Checkout.com lowered its internal valuation
Fintech startup Checkout.com was in the news this morning because the Financial Times reported that the payment company had slashed its internal valuation to $11 …
Fintech giants face uphill battle
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as …
Akros Technologies, an AI-powered asset management platform, raises funding from Z Holdings
Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. In Deloitte’s 2019 report, the firm reveals that AI …
Ocho wants to rethink (and rebrand) personal finance for business owners
When Ankur Nagpal sold Teachable for a quarter of a billion dollars, he felt lucky. Then, he quickly felt lost when trying to navigate the …
Plaid lays off 20% of staff
Fintech decacorn Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today. While specific details around who exactly was …
FTX marked down Chipper Cash’s $2B valuation to $1.25B
African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, according to documents shared by the Financial Times …
Fintech unicorn valuations have fallen hard in 2022
Fintech was hot in 2021, but looking back on it … maybe too hot? The sector exploded last year, seeing record investment — $132 billion …
Robinhood banks on retirement to slow user attrition
Retail trading app Robinhood is entering the retirement game. The Menlo Park, California-based company today launched a waitlist for its new offering, Robinhood Retirement, which …