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Facebook Buys Workplace Software Company Redkix

Fortune.com | July 26th, 2018

Facebook’s bulking up on workplace software by buying enterprise startup Redkix.

Redkix cofounders Oudi Antebi and Roy Antebi said Thursday in a corporate blog post that they have agreed to sell their company to Facebook for an undisclosed price.

Read the full article here.

Next Insurance, an insurtech targeting small businesses, scores $83M Series B

Techcrunch.com | July 11th, 2018

Next Insurance, the Israeli digital insurance startup that helps small businesses get coverage, has raised a significant new funding round, adding another $83 million to its balance sheet.

The Series B round is led by Silicon Valley’s Redpoint Ventures, and will be used by the company to continue expanding across the U.S., where it now operates as a full service insurance carrier. It will also increase headcount in both its Israel and U.S. offices.

Founded in 2016 with the aim of becoming a one-stop insurance shop for micro and small business insurance needs, Next Insurance designs insurance plans for business sectors that are often overlooked by more general insurers…

Read the full article here.

Tipalti closes $30m Series C funding round

Finextra.com | February 13th, 2018

Tipalti, the leading global payables automation solution, today announced it has closed a $30 million Series C financing round led by Zeev Ventures. This brings the B2B fintech leader’s total funding to over $50 million, and will help Tipalti widen its innovation edge and position as the pacesetter in the accounts payable automation space.

“Tipalti’s near-perfect record of customer satisfaction and retention rates throughout our history are emblematic of how much value our service generates for our clients. By modernizing the finance operation, we typically automate 80% of an organization’s AP and cross-border payments workload, freeing the finance team to focus on mission-critical initiatives, such as scaling their business globally and improving their company’s competitiveness and profitability,” said Chen Amit, CEO and Co-founder of Tipalti. “This funding round enables us to continue our track record of innovation to transform the entire accounts payable operation.”

Read the full article here.

Forbes Fintech 50 2018: The Future Of Wall Street And Big Data

Forbes.com | by Antoine Gara | February 13th, 2018

Being at the cutting edge of technology on Wall Street can mean billions of dollars in value created, or saved. In a dawning era of disruption, Wall Street-focused financial technology startups are helping the world’s biggest banks and investors manage the flow of money better, safer and at a lower cost…

Our list also includes holdovers that are increasingly entrenched on Wall Street. Nashville’s Digital Reasoning pioneered algorithms that study language to help heavyweights like Goldman Sachs and Nasdaq NDAQ +0.43% uncover manipulators. Soon $1 trillion worth of assets will be stewarded on fintech unicorn Addepar. Stock exchange IEX my eventually redefine what it means to be a public company…

Read the full article here.

SGVC Launches $50M Third Venture Fund Less than 18 Months After Second Fund Closes

Alt Assets | September 25th, 2017

SGVC is launching its third flagship venture capital fund less than 18 months after its second fund closed on $50m. A person familiar with the matter said that the firm would look to maintain the size of its previous fundraises and continue to focus on Silicon Valley or Israel-based companies in the B2B, Enterprise Software and FinTech sectors. It will invest in their Series A rounds.

Read the article here.