Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
The whole gang was present this week: Natasha, Danny and Alex, along with our gallant producer Chris. And like the last few bouts it was good to have everyone around as there was so very much to get through. Even better there was a lot of good , non-COVID-1 9 report to cover. Yes, there is indeed bad tidings and some COVID-1 9 material as well, but, hey , not everything can be fun.
We started with a look at Clearbanc and its runway extension not-a-loan program, which may help startups exist that are running low-toned on money. Natasha dealt it for TechCrunch. Most of us know about Clearbanc’s revenue-based financing model; this is a twist. But it’s good to see business work to adapt their commodities to help other startups survive.
Next we chit-chat about a few cases rounds that Danny dealt, namely Sila’s $7.7 million speculation to help build technology that have been able to take over the revered and susceptible ACH, and Cadence’s$ 4 million develop to help with securitization. Even better, per Danny, they are both blockchain-using fellowships. And they are useful! Blockchain, while you were looking abroad, has done some cool trash at last.
Sticking to our fintech theme — the indicate wound up being super fintech-heavy, which was an accident — we turned to SoFi’s huge $1.2 billion transaction to buy Galileo, a Utah-based fees corporation that helps power a big piece of UK-based fintech. SoFi is going into the B2B fintech world after first attacking the B2C realm; we reckon that if it is capable of gather the move off, other monetary technology companies might follow suit.
Tidying up all the fintech storeys is this round up from Natasha and Alex, working to figure out who in fintech is do inadequately, who’s hiding for now, and who is crushing it in the new economic reality.
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