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Deals

Procore to Acquire Levelset to Simplify Lien Management Workflows for Construction

“Procore Technologies, Inc. , (NYSE: PCOR), a leading provider of construction management software, has signed a definitive agreement to acquire Levelset . This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. It also presents future growth opportunities for Procore, […]
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Deals

Remitly Prices IPO at $43/share; Seattle Fintech Giant Valued at Nearly $7B

“Remitly will be valued at nearly $7 billion when it goes public on Thursday. The Seattle company priced shares at $43 on Wednesday evening, above its expected range of $38-to-$42, valuing the fintech giant at $6.9 billion. Remitly shares will begin trading Thursday morning on the NASDAQ under the ticker RELY. Update: Shares opened at $53/share, up […]
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Deals

Https://www.bizjournals.com/chicago/inno/stories/fundings/2021/09/21/provi-funding-750m-valuation.html?page=all

“Founded in 2016 and formerly known as Tiz, Provi has created a beverage marketplace that simplifies the ordering process between retailers and distributors. Its online platform lets bars and restaurants order all their beverages in one central location, rather than making multiple phone calls and creating additional invoices. Provi, which is short for “provision,” also provides companies […]
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Deals

BNPL Startup ZestMoney Raises $50 Mn in Series C Round

“The transaction marks Zip’s entry into the Indian market as the company will acquire a minority stake in ZestMoney and a board seat. Founded in Australia in 2013, Zip has a presence in 12 markets across five continents, serving more than 7.3 million customers and over 50,000 merchants. ZestMoney will use the fresh funds to […]
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Deals

JPMorgan Chase Acquires College Financial Planning Platform Frank

“JPMorgan Chase & Co (JPM.N) said on Tuesday it had acquired Frank, a college financial planning platform used by over 5 million students in the United States. The deal is the latest in a string of acquisitions by the largest U.S. bank, and will allow the bank to deepen ties with students, it said.”
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Deals

Salesforce Backs Indian Payments Startup Razorpay

“Six-year-old Bangalore-based fintech Razorpay, which was valued at $3 billion in a financing round in April this year, has courted one more high-profile investor: Salesforce Ventures. Razorpay said on Monday it has received a “strategic investment” from the venture arm of the American enterprise giant. The investment will help the startup “further strengthen its presence […]
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Deals

U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion

“The companies said they would have a combined presence in California, Washington and Oregon. Through the deal, U.S. Bank will gain more than a million consumer customers and about 190,000 small-business customers on the West Coast, in addition to about $58 billion in loans and $90 billion in deposits based on MUFG Union Bank’s June […]
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Deals

Airwallex Raises $200M at a $4B Valuation to Double Down on Business Banking

“First, Airwallex has built all the infrastructure for the business banking services that it provides directly to businesses with a focus on small and medium enterprise customers. Second, it has packaged up that infrastructure into a set of APIs that a variety of other companies use to provide financial services directly to their customers without […]

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