In funding news, Colombian B2B financial solutions startup Simetrik secured $55 million in a Goldman Sachs-led Series B funding, while Spanish fintech Embat closed a $16 million Series A financing round. The HR business Deel is set to acquire Zavvy, a Munich-based startup, and Lagos-based digital bank FairMoney is reportedly in talks to acquire Umba in a $20 million all-stock deal. Other updates include Google sunsetting the Google Pay app in the US and Cash App's new 4.5% APY for savings accounts.
Key takeaways:
- Startups Sunset and SimpleClosure, which assist other startups in shutting down, are attracting significant investor interest.
- Stripe's valuation has increased by 30% to $65 billion, suggesting it may not go public this year.
- Klarna's new AI assistant has managed two-thirds of the company's customer service chats since its global launch a month ago, equivalent to the work of 700 full-time agents.
- Colombian B2B financial solutions startup Simetrik has secured $55 million in a Goldman Sachs-led Series B funding round.