Uncover the Latest Fintech News with TechCrunch: Stripe's Acquisition, Clio's Rise, and More!
Are you ready to dive into the world of fintech with the latest updates from TechCrunch? This week, we're taking a closer look at Stripe's recent acquisition, the significant role of fintech in Clio's latest funding round, and the latest developments with digital banking startup Mercury. Stay ahead of the curve and subscribe to TechCrunch's newsletter for all the top fintech stories delivered straight to your inbox every Tuesday at 8:00 a.m. PT.
In the spotlight is the powerhouse Stripe, which has just made its third acquisition in the past 14 months. This time, they have acquired Lemon Squeezy, a merchant of record specializing in global sales tax calculations for digital products. This move showcases Stripe's commitment to scaling merchant of record selling on a grand scale.
Moving on to Clio, a Canadian legal tech company that recently raised $900 million at a $3 billion valuation. What's driving this investor interest? It's embedded fintech! Clio's integration of payments into its offering has resulted in impressive growth, with an ARR surge to over $200 million and profitability to boot.
But that's not all - keep an eye on MNT-Halan, a fintech unicorn from Egypt on a consolidation spree. They've raised $157.5 million to fund their expansion into Turkey through the acquisition of Tam Finans. And TigerBeetle, with its innovative open-source database for financial online transaction processing, recently closed a $24 million Series A round.
In other news, Mercury has faced some backlash for its decision to stop serving certain customers, but competitor Brex has stepped in to assist. Meanwhile, CRED, an Indian fintech startup, has introduced new features to help customers manage their cash flow effectively.
And let's not forget about Revolut, which has secured a banking license in the U.K., a significant milestone for the company after years of effort. Stay informed with high-interest headlines covering global funding trends in financial services, Jack Dorsey's plans for Block, Robinhood's expansion, and Europe's upcoming rival to Visa and Mastercard.
In conclusion, these developments in the fintech world are not just news - they have real implications for your finances and everyday life. Whether you're a business owner looking to streamline your operations with innovative fintech solutions or an individual seeking better ways to manage your cash flow, staying informed about the latest trends and acquisitions in the fintech space can help you make smarter financial decisions. Stay tuned for more updates and insights from the world of fintech with TechCrunch!