Tag Archives: general catalyst

San Francisco based financial technology startup Fundbox Inc. hired a former investment banker Marten Abrahamsen as its first-ever chief financial officer (CFO), the Wall Street Journal reported on Jan. 14. Abrahamsen was brought in as CFO to bolster the company’s executive team as Fundbox prepares to launch a potential initial public offering (IPO) in the future.Founded in 2013 by three partners – Eyal Shinar, Toma Michaeli, and Yuval Ariav – the startup helps in expediting the payment of...

A growing trend in the financial technology world has been a continuous push towards consolidation where the bigger fish is acquiring the smaller fish. There is also an increasing number of interesting startups coming up. The acquisitions happen for the involved companies to enjoy enhanced economies of scale in a business model where all transactions bring incremental returns.However, on December 3, a startup that built the concept of consolidation into its basic DNA raised another funding...

Payments giant Stripe announced they will be raising $250 million in funding at a pre-money valuation of $35 billion. This happened only a week after they launched some new services and now, the money they want to raise, they want to use for growing on the international level (that includes adding more new payment products and even start working with larger companies).More importantly, proud to now be working with Airbnb, Wayfair, GitHub, Twilio and The Real Real!Lots more in the works. The...