Mary Ann Azevedo
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Brex, valued at $12.3B earlier this year, lays off 11% of staff as part of restructuring • TechCrunch
Mary Ann Azevedo - 0
The startup's CFO is departing to join Rippling, which recently entered the spend management space
Mary Ann Azevedo
16 hours
Corporate spend management startup Brex has laid off 136 people, or 11% of its staff, across all departments as part of a restructuring, the company has told TechCrunch exclusively.
After the layoffs,...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the...
Figuring out what to pay employees is a universal problem. Startups, in particular, struggle with compensation as they are often competing with other startups for talent.
For Roger Lee, the issue came up repeatedly when he co-founded 401(k) provider Human Interest, which achieved unicorn status in August of 2021...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at...
Varo’s bank charter milestone, more corporate cards and BNPL under a microscope • TechCrunch
Mary Ann Azevedo - 0
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a...
Most fintechs partner with banks. Varo became one, and says it’s paying off • TechCrunch
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Last month, Varo Bank celebrated the two-year anniversary of obtaining its national bank charter. The move made Varo the first-ever all-digital nationally chartered U.S. consumer bank.
The startup launched its banking services aimed at younger consumers comfortable doing all their banking online in 2017. It has raised nearly $1...
Regulators appear to be growing increasingly wary of banks and fintech startups getting too cozy • TechCrunch
Mary Ann Azevedo - 0
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a...
Last month, Andreessen Horowitz — one of venture capital’s largest and most prominent players — announced that its “headquarters will be in the cloud” going forward.
Founded in 2009 in Menlo Park, California, the firm — also known as a16z — has for years been a symbol of Silicon...