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Silicon Valley Fintech Unicorn Brex Raises $300M at $12.3B Valuation

Corporate credit card Fintech Brex has reportedly seen its valuation surge to $12.3 billion after securing an additional $300 million in capital.

Brex just signed a term sheet for $300M at a $12.3B valuation – TechCrunch

Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The sources, who wished to remain anonymous since the deal is not yet public (although a term sheet has been signed), said corporate […]

Brex buys Weav, a universal API for commerce platforms, for $50M – TechCrunch

SoFi to acquire Golden Pacific Bancorp - Sacramento Business Journal

Square's bank arm launches as fintech aims 'to operate more nimbly' – TechCrunch

Square’s bank arm launches as fintech aims ‘to operate more nimbly’ Known for its innovations in the payments sector, Square officially now has a bank. Nearly one year after receiving conditional approval, Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations. Square Financial Services completed the charter approval process with the FDIC and Utah Department of Financial Institutions, meaning it’s ready for business. The bank, which is headquartered in Salt Lake City, Utah, will offer business loan and deposit products, starting with underwriting, and originating business loans for Square Capital’s existing lending product.