A number of companies pulled in nine-digit venture sums last week in the Big Apple. As the NYC tech scene continues to thrive, find out how these startups are innovating the fintech industry and beyond. This is the Built In NYC weekly refresh.
DailyPay raised $500M. This fintech company just pulled in a Series D round and a credit facility to fund its platform that allows hourly employees to access their salary as soon as they earn it. The company has seen huge success, having grown its revenue by 140 percent last year. With the cash, it’s looking to expand its service to merchants and financial institutions. [Built In NYC]
Goldbelly got $100M. Offering an e-commerce platform to connect users to their favorite restaurants and foods, Goldbelly closed on its Series C funding round led by Spectrum Equity. It plans to use the capital to scale its tech and operations, establish partnerships with new chefs and restaurants, and launch new product initiatives. [Built In NYC]
NYC Tech Quote of the Week
Back Market got $335M. After its Series D funding round led by General Atlantic, Paris-headquartered Back Market is valued at $3.2 billion. Its online marketplace sells refurbished electronics, a model that’s more cost-effective and environmentally sustainable than buying them new. The company, which has a large Brooklyn office, wants to invest in market expansion and doubling the size of its team. [Built In NYC]
Rally pulled in $30M. Helping everyday people own shares of valuable assets, Rally secured a Series B round led by Accel. It’s planning to expand its platform into new categories like intellectual property and real estate with the new funding. Rally also anticipates building out its team in technology, digital content creation and compliance roles. [Built In NYC]
Vise secured $65M. With plans to grow its engineering department upon the appointment of CTO Andrew Fong, the company closed on a Series C funding round led by Ribbit Capital. Vise’s AI-based fintech platform provides independent financial advisors with a robust set of data to cultivate better relationships with their clients. [TechCrunch]
Wingocard raised $3M. The company created a gamified mobile banking app aimed at helping teens develop financial literacy. The platform offers things like points for smart money management and a debit card with no overdraft fees. Its seed round was led by Panache Ventures, and the startup’s next move will be granting access to its application for groups of the 75,000 people on its waitlist. [Built In NYC]
