TechCrunch Fintech: Bolt's $200M Series F Raise, Synapse Founder's New Venture, and Stripe's Cash Flow
Welcome to TechCrunch Fintech! This week, we dive into the latest news in the financial technology world. From Bolt's proposed fundraise to Synapse's founder's new venture and Stripe's impressive cash flow, we cover it all.
In the big story of the week, Bolt is making waves with a $200 million Series F raise proposal and a $250 "marketing credits" deal. Founder Ryan Breslow is set to return as CEO with a $2 million bonus and $1 million back pay. The outcome of this vote will be crucial for the company's future.
In the analysis of the week, Synapse's founder moves on to a new robotics startup, Foundation, after the bankruptcy of his banking-as-a-service startup. Despite millions in unaccounted customer deposits, Sankaet Pathak has raised $11 million for his latest venture.
On the financial front, Magie raises $4 million for its AI-powered financial assistant in Brazil, while Workpay secures $5 million in Series A funding. Skyfire launches a payment network with $8.5 million in seed funding, and Waza emerges with $8 million for its payment platform for African businesses.
In other news, fintech companies are ramping up their hiring efforts. Stay tuned for updates on job opportunities in the industry.
High-interest headlines include Prize-linked neobank PrizePool shutting its app ahead of an acquisition and Stripe's plans for a new employee tender. With $615 million in free cash flow, Stripe is making moves to provide liquidity for its employees.
In conclusion, these developments in the fintech world showcase the dynamism and growth potential of the industry. Stay informed and stay ahead of the curve to make the most of these opportunities for your finances and investments.