Consolidation is here in cybersecurity, as bigger players in the space pick up startups that will help them grapple with the ever-expanding attack surface for enterprises as they move more activity into the cloud. In the latest development, CyberArk — one of the army of larger security companies founded out of Israel — is acquiring […]
Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking
Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here. The big story Ramp, […]
Ramp raises another $150 million co-led by Khosla, Founders Fund at a $7.65B valuation
Spend management startup Ramp has raised another $ 150 million at a post-money valuation of $ 7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC. Other existing investors Thrive Capital, General Catalyst, […]
Fintech Ramp acquires another AI-powered startup
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Founded in 2022 by TK Kong, Young Kim, and Kevin Chan, Venue’s aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $ 1.2 million in funding from […]