{"id":64051,"date":"2025-01-14T18:35:41","date_gmt":"2025-01-14T18:35:41","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2025\/01\/14\/why-some-former-bench-customers-are-not-happy\/"},"modified":"2025-01-14T18:37:21","modified_gmt":"2025-01-14T18:37:21","slug":"why-some-former-bench-customers-are-not-happy","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2025\/01\/14\/why-some-former-bench-customers-are-not-happy\/","title":{"rendered":"Why some former Bench customers are not happy"},"content":{"rendered":"

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Welcome to TechCrunch Fintech!\u00a0<\/p>\n

This week, we\u2019re wanting on the newest with embattled fintech Bench, Robinhood\u2019s $45 million settlement, a few M&A offers, some cool fundraises, and extra.<\/p>\n

To get a roundup of TechCrunch\u2019s largest and most essential fintech tales delivered to your inbox each Tuesday at 8:00 a.m. PT, <\/em>subscribe here<\/a>.<\/p>\n

The massive story<\/h2>\n
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Picture Credit:<\/strong>Getty Photographs<\/span><\/figcaption><\/figure>\n

After accounting startup Bench<\/strong> abruptly shut down<\/a> on December 27 and was purchased in a fireplace sale by Employer.com, Bench clients at the moment are studying they’ll\u2019t simply simply take their monetary knowledge and depart. And a few are very unhappy about it<\/a>. In the meantime, Bench claims that \u201cthe one approach that they’ll get their knowledge in any respect is to choose into giving Employer.com permission to entry their knowledge, as a result of the one different entity that at the moment has that knowledge to start with not exists and is in lively chapter proceedings.\u201d<\/p>\n

{Dollars} and cents<\/h3>\n
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Picture Credit:<\/strong>Float Monetary<\/span><\/figcaption><\/figure>\n

Float Monetary<\/strong>, an expense administration and company card startup centered on the Canadian market, has raised $50 million<\/a> in a Collection B funding spherical. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex<\/a> and Ramp<\/a> however says it’s totally different in that its sole focus is on Canadian SMBs.<\/p>\n

At 24 years outdated, Pryce Yebesi already has one exit: promoting his crypto invoicing firm Utopia Labs to Coinbase for an undisclosed quantity. On Monday, Yebesi introduced the launch of his new firm, Open Ledger<\/strong>, which embeds automated accounting software program into merchandise that enterprises and small companies already use. He\u2019s already raised $3 million<\/a> in a spherical led by Kindred Ventures and Clean Ventures.\u00a0<\/p>\n

Targeted totally on cross-border funds for retailers throughout Asia and the Center East, NomuPay<\/strong> has raised $37 million<\/a> in funding at a $200 million valuation to broaden its enterprise.\u00a0<\/p>\n

Monetary companies agency Moody<\/strong>\u2019s has agreed to acquire<\/a> Cape Analytics<\/strong>, a geospatial AI startup, for an undisclosed sum.<\/p>\n

Clearwater Analytics<\/strong>, an organization growing accounting, compliance, and danger reporting instruments for asset managers, has agreed to acquire<\/a> funding administration platform Enfusion<\/strong> for $1.5 billion.<\/p>\n

What else we\u2019re writing<\/h2>\n
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Picture Credit:<\/strong>Omar Marques\/SOPA Photographs\/LightRocket through Getty Photographs<\/span><\/figcaption><\/figure>\n

Robinhood<\/strong> has agreed to fork out $45 million<\/a> to settle an investigation by the Securities and Alternate Fee over a number of alleged violations, together with one associated to this 2021 hack.<\/p>\n

As digital funds morph into strategic property, India is providing a template for different nations seeking to reduce dependence on Western payment networks<\/a> comparable to Visa and Mastercard.\u00a0<\/p>\n

Groww<\/strong>, India\u2019s largest retail stockbroker, is preparing to file for an IPO<\/a> in 10 to 12 months, in search of a valuation between $6 billion and $8 billion, sources conversant in the matter instructed TechCrunch.\u00a0<\/p>\n

Excessive-interest headlines<\/h2>\n

In HR software program information, Buk<\/strong>, a Santiago, Chile-based human sources software program supplier, raised $50 million<\/a> in Collection B spherical funding at a valuation of about $850 million. That\u2019s up from the $417 million valuation<\/a> it had achieved in 2021.<\/p>\n

Toronto-based Humi<\/strong> has been acquired<\/a> by fellow HR software program firm Employment Hero<\/a>, because the Australian firm seeks \u201cto realize a foothold in Canada.\u201d<\/p>\n

Fintech big Plaid<\/strong> instructed TechCrunch it’s planning to open an office<\/a> in Raleigh, North Carolina. Headquartered in San Francisco, Plaid now employs over 1,000 individuals and has further workplaces in New York; Washington, D.C.; London; and Amsterdam. A spokesperson instructed TC that \u201cRaleigh is the subsequent step of increasing Plaid\u2019s footprint to satisfy rising demand for its expertise because the monetary companies sector strikes more and more on-line.\u201d<\/p>\n

Thanks for studying. We\u2019ll see you once more subsequent week!<\/p>\n<\/div>\n