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The Bouqs Co. Takes Floral Delivery Back To The Source

BY PYMNTS.COM | March 2nd, 2017

Though using the online channel to order flowers for delivery is nothing new, it’s safe to say that most consumers have no idea where those flowers are coming from and what the supply chain is that’s used to get that delivery from Point A to Point B.

But huge economic and environmental waste comes as a result of many of those flowers not even surviving long enough to make it through the traditional supply chain, and John Tabis, co-founder and CEO of The Bouqs Company, knew it was time for a change.

Read the full article here.

SoFi Is in Talks for $500 Million Funding Led by Silver Lake

By Selina Wang and Alex Sherman | Bloomberg.com | February 16, 2017

Social Finance Inc. is close to raising about $500 million in a funding round expected to be led by private equity firm Silver Lake Partners to bolster the expansion of its online-lending businesses and personal financial services, according to people familiar with the matter.

The investment round should include several Asian investors, who will join Japan’s SoftBank Group Corp., DCM Ventures, Third Point and others. The new international group will purchase SoFi’s loans as well as take an equity stake, said one of the people, asking not to be identified because the matter is private. The round could close as early as next week, the person said. Bloomberg reported in September that SoFi was aiming to raise $500 million…

Read the Full article on Bloomberg.com Here

TripActions launches its business travel app and unveils a $14.6 million round

By Bérénice Magistretti | VentureBeat.com | January 24, 2017

Booking a holiday is fun, but booking a professional trip often isn’t. TripActions is trying to change that with a solution that incentivizes employees to spend more consciously through a rewards program. The Menlo Park, Calif.-based startup, which has been in stealth mode until now, announced today the launch of its travel-booking app, as well as a funding round of $14.6 million.

Read the Full article on VentureBeat.com Here

Watch Out for These 10 Unicorns in 2017 – Tipalti 9

By Shama Hyder | Inc.com | January 23, 2017

9. Tipalti
In the past decade, there has been a proliferation of companies–whether e-commerce, affiliate, adtech, or otherwise–that need to pay a daunting number of suppliers or publishers every month. At the same time, regulations (especially international ones) have become onerous. Enter Tipalti. Its payment automation software helps businesses make mass payments across the globe with ease and compliance. The software automates payments in almost any currency and manages regulatory requirements, such as withholding payments from people on international “Do Not Pay” blacklists. Tipalti claims its product reduces the time its customers spend on payments by up to 80 percent. And last year, the company rolled out technology that brings automation to the entire accounts payable lifecycle. Tipalti’s quickly expanding customer base includes behemoths like Twitter and nimble startups like Visually. Last September, the company closed its most recent fundraising round, pulling in $14 million to drive new customer acquisition.

Read the Full article on Inc.com Here

Morgan Stanley partners with Addepar to see more of clients’ wealth

By Elizabeth Dilts; editing by Grant McCool | Reuters.com | January 11, 2017

Morgan Stanley is rolling out a new software platform to 20 of its top financial advisory teams to help them see more of their wealthiest clients assets.

The bank, which manages most of its technology in-house, said late Tuesday that part of its private wealth management division will use Addepar, a Mountain View, California-based technology firm that already partners with family offices and independent investment advisers.

Ultra-wealthy clients typically hold their assets in limited partnerships, family trusts or in alternative and illiquid investments spread across a number of banks and accounts.

Addepar’s platform will allow Morgan Stanley, with clients’ permission, to gather information from those various accounts in one place, and to quickly parse the data to answer individualized questions, said Addepar’s chief executive Eric Poirier…

Read the Full article on Reuters.com Here

Fintech Payments Platform Tipalti Scores $14M VC Investment

By Roger Aitken | Forbes.com | Sept 19, 2016

Tipalti, a leading provider in the B2B supplier payments space based in Palo Alto, California, has announced a further investment funding round to the tune of $14 million (m) led by early stage venture capital firm by SGVC, which is touted as enabling the firm to “accelerate adoption” of supplier payments solutions to global enterprises.

This latest funding follows the company’s first round of funding that was led by venture capitalist Oren Zeev in 2010 for approximately $3m in funding from private investors. This helped launch the company’s product in 2012. And, subsequently in 2014 there was a B-round of $13m.

Tipalti, which derives from the Hebrew phrase meaning ‘I handled it’, was inspired as a concept by a late night conversation with Chen Amit, CEO and co-founder of Tipalti, and friend and sculptor Dan Reisner.

It is said according to Chen that this concept “exemplifies their approach to the accounts payable space” in that they are focused on handling every step of what was once a manual effort and process. Tipalti is said to make it painless for accounts payable departments to manage their entire global supplier payments operation.

As well as the new funding, Dovi Frances, SGVC’s Managing Partner, is to join the board of directors of Tipalti, the first non-founder of the company to do so.

Read the Full article on Forbes.com Here