Welcome to TechCrunch Fintech!
This week we are considering fintech heavyweights like Klarna and Stripe incorporating Crypto into their strategy. This is a company planning IPOs such as Super Bowl ads for IPOs, Stripe's new startups and venture capital.
Subscribe to our list of TechCrunch's biggest and most important fintech stories delivered to your inbox every Tuesday at 8am.
Big story
Image credit: Klarna
Klarna CEO Sebastian Siemiatkowski posted in a post on February 8th that he and Klarna “accept Crypto” in X's post. According to the Financial Times, Swedish Shopping Now is Swedish Purchase Now. That's about a third lower than the 2021 peak rating of $45.6 billion, but it's still “one of the biggest list of the year,” Ft reports. Klarna was valued at $6.7 billion as it raised $800 million in 2022.
Dollars and Cents
Khazna.imageCredit: Khazna
Kazuna, an Egyptian fintech startup that provides financial services tailored to low- and middle-income workers, recently secured a $16 million Series B funding, raising its total funding to more than $63 million I did.
Rapyd Financial Network aims to raise $300 million in a new funding round valued the global payment platform at $3.5 billion.
Fintech-Turned-HR costume Deel is trying to lay the foundations of an IPO. On February 4, he said that annual revenue occupancy rate rose to $800 million in 2024 after an increase of 70%. It also sold $300 million in secondary stock to General Catalyst and an unknown “sovereign investors.”
Superlogic is a startup that helps consumers provide ways to apply reward points to experiences such as NBA Games courtside tickets, raising $13.7 million at a $200 million valuation.
Thanks to the newly released bankruptcy filing, clear photos of the bench's downfall are now appearing. The records show that Canada-based startups that provide cloud accounting software for small businesses are consistently struggling to reach profitability . Records show that between its founding in 2012 and September 2024, $135 million burned out. By the time of the collapse, the bench had been forced to close due to the “fluidity crisis.” The company was subsequently acquired by Employer.com. But bench bankruptcy offers a window into the risk of debt too much for startups. Charles Rowlett looks at it.
Stripe ended with a $1.1 billion purchase of Stablecoin Platform Bridge. This marks a tangible push to crypto as the biggest payments ever acquired and the biggest.
In other stripe news, TechCrunch learned that the payment giant is tapping Asya Bradley to act as the lead in startups and VC partnerships. Bradley previously played a revenue role in Synapse and Silla. She is also a venture fund LP for Ganas Ventures and Cowboy Ventures.
The Philadelphia Eagles star, running through Saquon Berkley, became an investor in the Fintech startup ramp, but also the star of the company's first Super Bowl commercial.
High profits
The US Consumer Finance Watchdog (CPFB) chief instructs all staff to quit their jobs a few days after the Trump administration closed the department's headquarters for a week.
Working with Goldman Sachs to cooperate in a tender offer of $300 million to $400 million Plaid
Thank you for reading! Until next week… Follow me with x @bayareawriter Posts about coffee and other things to break Fintech news.