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Digital lending platform Blend valued at over $4B in its public debut

TechCrunch

Founded in 2012, the startup has steadily grown to be a leader in the mortgage tech industry. Meanwhile, its net loss narrowed from $81.5 If you’ve refinanced or purchased a home digitally lately, you may not have noticed the company powering the software behind it — but t here’s a good chance that company is Blend. million in 2019.

Banking 311
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Fintech startup Vise brings on Andrew Fong (formerly Dropbox) as CTO

TechCrunch

He actually started out as a site reliability engineer at Dropbox back in 2012, climbing the ranks to engineering director, and then senior director of Engineering – head of Infrastructure before becoming to vice president. Trillions are at stake in the retirement wars, and Vise nets $14.5M from Sequoia to manage it.

CTO 265
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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

million VC-backed company, Carbon was founded by Chijioke Dozie and Ngozi Dozie in 2012. The company’s annual reports reveal numbers on gross earnings, profit/loss before and after-tax, net impairment loss, total assets, liabilities, and equity, among others.

Banking 291
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Shopify makes $100M strategic investment in marketing automation startup Klaviyo

TechCrunch

” Founded in 2012, Boston-based Klaviyo — which TechCrunch has profiled extensively — integrates with existing platforms (e.g., billion net loss for Q2 2022 and warned shareholders during a call last week to expect inflation to impact earnings throughout the remainder of the year. The company posted a $1.2

Marketing 247
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Coho AI, which uses AI to help B2B SaaS companies boost revenue, raises $8.5M

TechCrunch

“[But] Coho AI truly helps companies improve metrics such as net revenue retention rate and sales efficiency, which have become more crucial in the current economic climate.”

B2B 245
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Affirm spinout Resolve raises $60M for its B2B ‘buy now, pay later’ platform

TechCrunch

Tsai describes Affirm founder Max Levchin as a “friend” with whom he has been working in a variety of capacities since 2012. We also have conviction around the clear market need for digitizing net terms for small businesses that are increasingly moving their ordering online,” she said. He’s also reportedly an investor in the company.).

B2B 246
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Onramp Funds accelerates e-commerce financing platform with $42M in equity, credit

TechCrunch

One of the problems with shipping at that time, back in 2012, was that you would have to log into each individual marketplace. Luther King Capital Management led the funding, which also included a group of high-net-worth individuals. For example, Amazon, eBay or Shopify, to see orders and figure out how to process them.