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Welcome toTechCrunch Fintech ! This workweek , we ’re looking at Stripe ’s easy - peasy acquisition , the office fintech play in Clio ’s latest raise , the previous with digital banking startup Mercury , and more .
To get a roundup of TechCrunch ’s biggest and most important fintech story delivered to your inbox every Tuesday at 8:00 a.m. PT , take here .
The big story
Payments giantStripehas made its third attainment over the preceding 14 months and at least the15th totalover its life , TechCrunch entirely describe . Stripepicked up 13 - individual Lemon Squeezy , a merchant of platter that calculates and pay global sales tax for digital mathematical product , handling legal processing and fee in every country . The startup in the first place served SaaS and package businesses . It ’s always interesting when a larger fintech develop a minor competitor . In announcing the acquisition on X , Stripe CEO Patrick Collison say Stripe was “ function to scale merchant of record marketing in a big style . ”
Analysis of the week
I ’ve been covering Canadian sound techCliofor several years now . So I was particularly concerned when the company announced last workweek that it hadraised $ 900 million at a $ 3 billion valuation(led by young angel New Enterprise Associates , which ponied up more than $ 500 million alone ) . I was even more interested when I discovered a large number one wood of investor pursuit was embedded fintech . Clio set about integrate payments into its offer in 2022 and has since see its ARR surge to over $ 200 million , up from$100 million ARRin June of 2022 . And it ’s profitable ! Fintech for the profits !
Listen to the Equity gang analyze the deal here :
Dollars and cents
MNT - Halan , a fintech unicorn out of Egypt , is on a integration marching music . The microfinance and defrayal startup hasraised $ 157.5 million in fundingand is using the money in part to fund the acquisition of another fintech , Tam Finans , to expand into Turkey .
TigerBeetle , which has work up an loose informant database engineered for fiscal online transaction processing , recently closeda $ 24 million Series A roundled by Spark Capital ’s Natalie Vais with involvement from Amplify Partners and Coil .
What else we’re writing
Digital banking startupMercurysaid that it was no longer assist U.S.-domiciled customers with clientele and residential addresses from certain countries , including Ukraine and Nigeria , ina movethat upset founders and investors alike . Mercury has since snuff it back on the call , tell TechCrunch that it was “ an error ” and that the change in policy only applies to founders hold out in Ukraine , not founder live in the U.S. with a Ukrainian recommendation . go out an opportunity , competitorBrexswooped in to try and facilitate Ukrainian founders .
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CRED , an Indian fintech inauguration , hasrolled out a fresh featurethat will aid its customers grapple and win deeper insights into their Johnny Cash flow , as the inauguration search to drive engagement through personal finance cock .
High-interest headlines
Global support to fiscal services slowed down in the past 5 quarters
Jack Dorsey is about to overhaul Block in a reorg he warns may finger ‘ boastful and disruptive or uncomfortable’—internal memorandum
Robinhood boom features with joint investing accounts
Europe ’s rival to Visa and Mastercard soon to roll out in Belgium
Nova Credit adds Credit Karma Colorado - founder Nichole Mustard to board(TC covered the startup ’s last raisehere . )
UniCredit to take banking - as - a - service speculation Vodeno and Belgian digital savings bank Aion
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