Melbourne O’Banion co-founded insurtech Bestow with Jonathan Abelmann in 2017 after struggling to secure his own life insurance policy. His goal was to make it easier for people to obtain life insurance and make the process more tech-enabled. Initially, Bestow operated as a direct-to-consumer insurance provider — selling, underwriting, and servicing life insurance policies. In…
Category: Goldman Sachs
a16z, asset management, Global IT News, Global Security News, Goldman Sachs, jp morgan, Marc Andreessen, Venture
Marc Andreessen dreams of making a16z a lasting company, beyond partnerships
Many venture industry observers have wondered whether Andreessen Horowitz, a firm that manages $45 billion, has its sights on eventually becoming a publicly traded company. Co-founder Marc Andreessen said he isn’t “chomping at the bit to take the firm public,” on this week’s Invest Like the Best podcast. But he discussed his goal of building…
Fintech, Global IT News, Global Security News, Goldman Sachs, Plaid, secondaries
Plaid working with Goldman Sachs on raising $300M to $400M in tender offer
Plaid, a company that connects bank accounts to financial applications, is working with Goldman Sachs on a deal to allow early-stage investors and employees to sell existing shares, which will raise between $300 million and $400 million, Bloomberg reported citing sources. The tender offer, as such deals are called, will likely value the company lower…
Canada, corporate cards, expense management, Fintech, float financial, Fundraising, Global IT News, Global Security News, Goldman Sachs, Startups
Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B
Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs, which CEO and co-founder Rob…