Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

Left to right: Remitly co-founders Josh Hug, Matt Oppenheimer and Shivash Gulati. (Remitly photo) Seattle-based money transfer company Remitly announced key financial results in its Form S-1 registration statement Monday afternoon, a major milestone on the road to becoming a publicly traded company. Remitly had sales of $ 257 million and a net loss of … Read more

Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M – TechCrunch

Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M – TechCrunch

Wagely founders (from left to right): Tobias Fischer, Sasanadi Ruka and Kevin Hausburg Earning Income (EWA) platforms, which allow workers to withdraw their earnings on demand, rather than waiting for payday, are on the rise around the world. Today, Indonesian EWA startup Lohnly announced that it has raised $ 5.6 million in strategic funding, led … Read more

AccountsIQ scores €5.8M for its financial management software for multi-entity SMEs – TechCrunch

AccountsIQ scores €5.8M for its financial management software for multi-entity SMEs – TechCrunch

AccountsIQ, a financial management software (FMS) startup founded by a team of accountants (if accountants want to be entrepreneurs, you know startups are one thing) has raised $ 5.8 million in funding. The Dublin-based company, which caters to medium-sized businesses that run multiple businesses, is backed by Finch Capital, the fintech-focused VC that recently launched … Read more