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receive to TechCrunch Fintech !
This workweek we ’re looking at how fintech heavyweights such as Klarna and Stripe are incorporating crypto into their scheme , which companionship are planning for IPOs , one fintech ’s Super Bowl ad , Stripe ’s young atomic number 82 of inauguration and venture capital , and more !
The big story
Klarna CEO Sebastian Siemiatkowski posted in a February 8post on Xthat he and Klarna would “ bosom crypto . ” The Swedish steal now , pay afterward giant is also said to be planning a U.S. initial public offering in April with a quarry of a $ 15 billion evaluation , fit in to theFinancial Times . Even though this would be about one - third lower than itspeak rating of $ 45.6 billionin 2021 , it would still be “ one of the heavy listing of the class , ” describe FT . Klarna wasvalued at $ 6.7 billionwhen it raise $ 800 million in 2022 .
Dollars and cents
Khazna , an Egyptian fintech startup that offer fiscal services tailored toward low- and middle - income prole , recentlysecured $ 16 millionin pre - Series B support , bringing its total funding to over $ 63 million .
Rapyd Financial Networkislooking to call forth $ 300 millionin a new funding circle that would prize the global payments platform at $ 3.5 billion , a considerable drop-off from itsapproximately $ 9 billion valuationset in 2021 .
Fintech - turned - HR outfitDeelis trying to position the groundwork for an initial offering . On February 4 , it said its annual revenue run rateclimbed to $ 800 millionin 2024 after growing by 70 % . It also sold $ 300 million in petty shares to General Catalyst and an unnamed “ autonomous investor . ”
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Superlogic , a startup that helps give consumer a agency to apply rewards degree toward experiences such as courtside tickets to NBA games , hasraised $ 13.7 millionat a $ 200 million rating .
A clearer word-painting ofBench ’s downfallis emerge thanks to newly releasedbankruptcy filings . The records show that the Canada - base startup , which ironically enough offered cloud accounting software for modest businesses , consistently struggled to contact profitability . It cauterize through $ 135 million from its founding in 2012 to September 2024 . By the time ofits collapse , Bench was forced to close down due to a “ liquidity crisis , ” the record say . The company has since been acquired by Employer.com . However , Bench ’s bankruptcy offers a window into the risk of too much debt for inauguration . Charles Rollettakes a look .
Stripehasclosed on its $ 1.1 billion purchaseof stablecoin platform Bridge — marking the defrayment giant’slargest skill to dateand tangible push button into crypto .
In other Stripe tidings , TechCrunch see that the defrayment giant has tapdance Asya Bradleyto serve as its Startups and VC Partnerships lead . Bradley antecedently held revenue theatrical role at Synapse and Sila . She ’s also an LP in venture funds Ganas Ventures and Cowboy Ventures .
Philadelphia Eagles ’ star run away back Saquon Barkley has not onlybecome an investor in fintech startupRamp , but he was also the star of the fellowship ’s first Super Bowl commercial message .
High-interest headlines
US consumer finance guard dog ( CPFB ) chief tells all stave to end work , days after the Trump administrationcloses the bureau ’s headquartersfor a workweek .
Plaid work with Goldman Sachs on raising $ 300 M to $ 400 M in tender offer
