Christine Hall

Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks | TechCrunch

Embedded finance is usually what we hear about when brands and non-financial businesses want to offer financial products or services — like banking, insurance, lending and payments — to provide a better user experience for customers. Layer is leaning into that better user experience, but with embedded accounting. Its customers are those, like Square or Toast, working with small and medium-sized businesses to offer accounting and bookkeeping features inside their own products. These larger companies

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Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth | TechCrunch

Pepper, the e-commerce platform for food distributors, continues to edge into Sysco and US Foods territory by giving smaller, independent distributors a technology leg up.  The company developed an ordering system specifically for independent food distributors that supports catalogs of over 100,000 items, and enables these companies to launch mobile apps and websites so they can accept orders and payments online. Co-founder and CEO Bowie Cheung, who previously worked at Uber Eats, said the company

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Start-ups

They thought they were joining an accelerator — instead they lost their startups | TechCrunch

Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that year when she discovered warrants of her company — rights to buy an ownership stake — had become part of the proceedings, which ultimately forced her to shut down her company. In 2022, Hunter started TechAid, an AI smart-matching tool for humanitarian

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Start-ups

Exclusive: Dripos raises $11M Series A to replace Square, Toast and 8 other pieces of software

Small coffee shops that relied on foot traffic were thrown for a loop when the global pandemic kept people in their homes. That’s when many coffee shop owners turned to technology to help them take online orders and payments. Startups were also eager to help these businesses stay safely in business — and venture capital followed. For example, Joe Coffee raised some funding to help coffee shops take mobile orders, and Odeko and Cloosiv merged

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Metalab goes from quietly building the internet to investing in it | TechCrunch

Nearly 20 years after finding success in helping startups build products, Canadian interface design firm Metalab has launched Metalab Ventures to invest in many of those product-led startups. Serial entrepreneur and investor Andrew Wilkinson started Metalab in 2006, a company that went on to support product innovations by companies including Slack, Coinbase, Uber and Tumblr. Metalab often works with startups, acting a bit like co-founders, to help them get a product off the ground. Then

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Y Combinator’s Garry Tan chastises a San Francisco lawmaker again — this time about an email bill | TechCrunch

Y Combinator President Garry Tan took to the social platform X on Tuesday to again express his displeasure at elected officials representing San Francisco, where the storied accelerator is based. This time he was lambasting California State Assembly member Matt Haney, who represents San Francisco, over a proposed late-night email bill he authored. Legalize hard work Haney is spreading nonsense again, from the guy who killed algebra and spun up the fentanyl crisis in the

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How a tiny 4-person startup, Supaglue, caught Stripe’s eye | TechCrunch

In Stripe’s annual letter, the company discussed several fast-growing areas, one of them being the “Revenue and Finance Automation” unit. Those are tools that help businesses manage billing, tax and revenue recognition. Stripe’s RFA unit will reach a $500 million annual run rate this year, the company said. As part of its investment in RFA, the payments giant completed an “acqui-hire” of the four-person team from Supaglue, for an undisclosed sum. Supaglue raised a $6.8

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Maju Kuruvilla is out as CEO of one-click checkout company Bolt | TechCrunch

Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout from @bolt! Onwards” with a rocket emoji. (He declined to comment further.) Arjun Sethi, a co-founder of the venture firm Tribe

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Budgeting app Copilot is booming now that Mint is dead, leading to $6M Series A | TechCrunch

Intuit is winding down budgeting app Mint this week, and that’s become good news for competitor Copilot. Mint’s demise represents both the end of an era and proof that consumers want more from their finance app, founder Andrés Ugarte told TechCrunch. The New York-based CEO started the subscription-based personal finance tracker in January 2020 to offer an alternative to Mint. Today, Copilot has more than 100,000 subscribers with a majority of them coming into the

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