22 April 2024 – Here at TechCrunch Fintech, welcome! This week, we’re examining a number of topics, including Klarna’s new credit card, Mercury’s entry into personal banking, Ramp’s significant value increase, and more!
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Co-leading the round were Khosla Ventures and Founders Fund. The deal marked a 31.9% increase in value over the company’s August 2023 fundraising. It is a noteworthy accomplishment in a difficult market with several downturns. Notably, Ramp is among the few bigger fintech companies that have not yet had to fire employees. Why is Ramp attracting so much attention from investors? According to CEO Eric Glyman, it’s the business’s sustained expansion and focus on AI.
Conclusion
Mercury, a startup in business banking, is branching out into consumer banking. Through its B2B practice, the seven-year-old firm now supports over 100,000 enterprises, many of which are startups. Rather than targeting the general public, Mercury aims to turn many of its corporate clients into consumers, according to CEO and co-founder Immad Akhund, who speaks with TechCrunch.
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