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receive to TechCrunch Fintech !
This week , we ’re looking at the late with embattle fintech Bench , Robinhood ’s $ 45 million settlement , a couple of M&A mess , some cool fundraises , and more .
To get a roundup of TechCrunch ’s cock-a-hoop and most crucial fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT , pledge here .
The big story
After accounting startupBenchabruptly shut downon December 27 and was bought in a fire sale by Employer.com , Bench client are now learn they ca n’t easy just take their financial information and leave behind . And some arevery unhappy about it . Meanwhile , Bench claims that “ the only mode that they can get their information at all is to opt into giving Employer.com permission to get at their data , because the only other entity that presently has that data to start out with no longer live and is in active bankruptcy transactions . ”
Dollars and cents
Float Financial , an expense management and corporate board inauguration pore on the Canadian market , hasraised $ 50 millionin a Series B financing rung . The Toronto - based fintech compare itself to U.S.-based fintech giantsBrexandRampbut says it is unlike in that its sole focus is on Canadian SMBs .
At 24 years older , Pryce Yebesi already has one loss : sell his crypto invoicing company Utopia Labs to Coinbase for an undisclosed amount . On Monday , Yebesi denote the launch of his new company , Open Ledger , which engraft automated method of accounting software package into intersection that enterprises and small businesses already habituate . He’salready lift $ 3 millionin a round led by Kindred Ventures and Blank Ventures .
Focused primarily on cross - border payments for merchants across Asia and the Middle East , NomuPayhasraised $ 37 millionin funding at a $ 200 million valuation to spread out its business .
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Financial services firmMoody ’s hasagreed to acquireCape Analytics , a geospatial AI startup , for an unrevealed sum .
Clearwater Analytics , a company developing accounting , compliance , and risk reporting tools for asset managers , hasagreed to acquireinvestment direction platformEnfusionfor $ 1.5 billion .
What else we’re writing
Robinhoodhas gibe tofork out $ 45 millionto settle an probe by the Securities and Exchange Commission over several alleged violations , include one colligate to this 2021 hack .
As digital payments morph into strategic assets , India is offering a template for other nationsseeking to reduce dependence on westerly payment networkssuch as Visa and Mastercard .
Groww , India ’s bombastic retail stockbroker , ispreparing to file for an IPOin 10 to 12 month , seek a valuation between $ 6 billion and $ 8 billion , sources familiar with the matter told TechCrunch .
High-interest headlines
In HR software news program , Buk , a Santiago , Chile - based human resources software package supplier , raised $ 50 millionin Series B round financial support at a valuation of about $ 850 million . That ’s up from the$417 million valuationit had achieve in 2021 .
Toronto - basedHumihas beenacquiredby fellow HR software companyEmployment Hero , as the Australian troupe seeks “ to advance a foothold in Canada . ”
Fintech giantPlaidtold TechCrunch it is planning toopen an officein Raleigh , North Carolina . Headquartered in San Francisco , Plaid now employs over 1,000 people and has extra bureau in New York ; Washington , D.C. ; London ; and Amsterdam . A voice secernate TC that “ Raleigh is the next tone of expanding Plaid ’s footprint to touch rising demand for its technology as the financial services sphere moves increasingly online . ”
Thanks for read . We ’ll see you again next calendar week !
