Thomson Reuters Ventures’ Post

📣 It is almost 4 years ago that Avinash and I decided to start Payflow (YC S21) and today we have BIG news to share: We have just raised a 6M€ equity fundraising round! This brings the total equity raised to 17M€, and the total funding (including 20M€ debt from BBVA Spark) to 37M€. 🤑 Investors include Thomson Reuters Ventures, GED Conexo Ventures, Seaya, Cathay Innovation, Force Over Mass. We are truly thankful for the trust of our new investors, as well as the continued support of existing ones. ⛑️ In today’s world where fundraising is an order of magnitude harder than it was, we believe that building a healthy company is what is most rewarded by the market. 😎 “Profitability is the new cool”. For us and it numbers it means: -> Sustained growth: reaching the 4M€ ARR milestone and growing 100-200% YoY -> Sustainable growth: only 40 stellar Payflowees (100k€ of ARR per employee) and margins over 70% 🦄🐫 Nowadays, more money in the bank means more optionality. More optionality to: 1/ Accelerate if the market demands it 2/ Stay afloat when your competitors won’t 3/ Take bold moves that can really make a difference 4/ Reach profitability faster to not depend on external funding 💙 Wow this is exciting! Let’s win 🚀 https://lnkd.in/dj-8_WGY

DoNotPay, a robo-lawyer startup just paid out $1m of dividends to employees and investor shareholders. This is unheard of in the world of startups where most are not even profitable. Is this a new direction for aging and profitable startups before shareholders see share liquidity? #vc #venturecapital #startupfounders #angelinvestors #angelinvesting #startupjourney #tech #techinvesting #seedfunding #startups #entrepreneur #entrepreneurship #founders #fundraising #innovation #technology #business #ceo #ai #techtrends

Seamless Checkout Experience with PayAid Say hello to a frictionless checkout experience! Increase conversions and delight customers with PayAid Payments. 💳🛍️ Signup Today: https://lnkd.in/gdtj_pQX #onlinepayments #paymentgateway #indianstartups #EmpowerWithPayAid

Scoop! The robo-lawyer startup DoNotPay has paid more than $1 million to employees and investors in its first-ever dividend. Such a financial gesture is a novelty among startups because it requires them to have profits to distribute. DoNotPay was in a position to spread the wealth, its founder and chief executive Joshua Browder tells Business Insider. The company is profitable and has a sum on the balance sheet greater than the capital it's raised to date. Browder briefly considered a buyback, in which stakeholders sell their shares back to the company for cash. But, Browder said he didn't think he'd have any takers. The startup is just doing too well. "The only deal we could push through was one where we give them money for nothing in return," Browder said. Here, we get into buybacks versus dividends, the tax implications, and why dividends could become the norm for aging and profitable startups. https://lnkd.in/evJbjAMU

Coupons and cashback platform CashKaro’s operating revenue jumped over 20% to cross the Rs 300 Cr mark in the financial year 2023-24, its cofounder Swati Bhargava said. The Ratan Tata-backed startup is yet to file its financial statements for FY24 with the Ministry of Corporate Affairs. However, as per its unaudited statements, it clocked an operating revenue of Rs 302 Cr in the year ended March 31, 2024. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #CashKaro #StartupGrowth #RevenueMilestone #Ecommerce #IndianStartup #RatanTata #Cashback #TechInnovation #BusinessSuccess #DigitalEconomy #StartupNews #StartupTrak

This weekend I'm reading the unofficial Afterpay book, "Buy Now, Pay Later" by Jonathan Shapiro and James Eyers. One of the things I'm struck by, is how many things the founders Nick and Andrew did 'wrong' by conventional startup/VC wisdom. According to the book, Afterpay: 👨💻 Committed to a $13 million tech build ($3m cash/$10m equity at next fundraise) with third party development company TouchCorp before really validating their offering in market, 🤑 Raised an $8m seed round from 41 investors @ $28m valuation, which when combined with the $10m equity conversion with TouchCorp, left the founders with 17.5% each (at the seed round!), and 📈 In 2015, they listed on the ASX (!) as a 2 year old company and raised $25m at a $125m valuation not because they wanted to get access to more sophisticated funding options (like I thought) but because they couldn't raise a Series A round from private investors fast enough (so many investors said no). This is all in the first 6 chapters. My take aways so far: There really is no such thing as best practice when it comes to startups. It's really just product, distribution and momentum. #startups #scaleups #planetstartup #cfo #finance #statupaus

Gynger, an embedded financing platform for tech purchases, raised $20 million in Series A funding led by PayPal Ventures, with contributions from Gradient Ventures, Velvet Sea Ventures, BAG Ventures LLP, and Deciens Capital. Additionally, Community Investment Management provided a $100 million debt facility to support Gynger's customer base. CEO Mark G. emphasized Gynger's transformative role in tech transactions. With rapid growth in global tech spending, Gynger offers flexible, non-dilutive financing to optimize business cash flow. Top tech vendors like Snowflake and Amazon Web Services (AWS) already benefit from Gynger's automated, AI-driven platform. #Gynger #FinTech #PayPalVentures #TechFunding #SeriesAFunding #SaaS #B2B #EmbeddedFinancing #TechPurchases #Innovation #startup77

Developments featured in the latest #LatAm Venture Bulletin: ▸ Payment platform PayRetailers acquired Transfeera, a Brazilian open banking payment platform. ▸ Félix Pago, a US and Mexico-based cross-border WhatsApp payments startup, raised a USD15.5m Series A with follow-on from MELI Capital, the CVC arm of Mercado Libre, Switch Ventures, HTwenty and Contour. ▸ IGNIA Partners and Ulu Ventures co-led a USD15m pre-Series A for Novel, a US-based fundraising data platform for entrepreneurs, with participation from MatterScale Ventures and Gaingels. ▸ Semilla Ventures reached a USD9.25m first close for its inaugural fund to invest in pre-seed startups in Spanish-speaking Latin America. Read the full edition here: https://lnkd.in/e3t_McyD #venturecapital #LatinAmerica #markettrends #investments #finance #tech #privatecapital #finance #startups #privateequity

This kind of excitement from partners is exactly why I started Tilled 🥹 This is a real text exchange between the CTO and CEO of one our newest software partners. One of our design principles from day one has been to create unexpected moments of delight. The little things matter and we always strive to focus on all the little details that make for a delightful payments experience. If you’re not delighted by your current payment partner, it might be time to make a change and experience the magic that is payfac-as-a-service 🤷♂️ #payments #payfacasaservice #startups

🔔 I am humbled to announce that Tilled has raised a $12.5 million funding round led by Canvas Ventures and UPC Capital Ventures! 🎉 Building on the momentum of our exciting partnership with North announced yesterday, this new funding empowers us to double down on our mission. We'll be expanding our collaborations with leading payment companies worldwide to create innovative programs that seamlessly integrate Tilled's cutting-edge technology with our partners' vast distribution channels. Together, we're setting a new standard in the payments industry! In the spirit of innovative technology partnerships, Tilled is also announcing a new partnership with Handpoint to expand our card-present offerings, including dozens of terminal options available in the United States and Canada. The last 5+ years of building out Tilled have been incredibly challenging/rewarding/exhausting/exciting and every emotion in between! I can’t wait to see what’s next for Tilled. We are just getting started! 😎 #payments #saas #startups #fintech Check out the link to the full press release in the comments below 👇