The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 3/12/22 featuring funding details for Hiver, Gravie, Branch, and eighteen other rounds representing $1.965B in new funding that you need to know about.
Income and employment are typically the two key factors when financial institutions underwrite credit and loans. While most receive paychecks every two weeks, financial decisions are made largely based on the previous year’s tax return. This paradigm results in a lack of flexibility that leads to many being unable to access financial solutions at the time they need them. Pinwheel is a payroll data intelligence platform that provides real-time data about a person’s income through API connectivity. Requestors of financial information are able to access payroll data, with the consumer’s permission, for 80% of people employed in the United States. As the United States moves towards more Open Banking and decentralization of individual financial data through portability, Pinwheel is on the way to becoming the leading infrastructure provider that powers the income layer and future innovators in fintech. AlleyWatch caught up with Pinwheel CEO and Cofounder Kurtis Lin to learn more about the evolution of the business from the health savings account space to payroll data, the company’s plans to scale from 60 employees to 180, other strategic plans, and latest round of funding from investors that include GGV Capital, Coatue, First Round Capital, TQ Ventures, and Upfront Ventures, AMEX Ventures, Indeed, Kraken Ventures, and Franklin Templeton.
Everything you need to need to know about the largest US startup funding rounds of December 2021; broken down by industry, stage, investors, and more…
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 1/3/22 featuring funding details for Curl Bio, Paradox, and two other rounds that you need to know about.