Fintech News with Lindsay Davis @ Atomic
Current has the Greenlight to take the next Step
Happy Weekend Fintech Family,
I’m writing with some news. Not “some personal news,” but more so some news about the news. Meta enough for ya?
Lindsay Davis, Head of Markets @ Atomic, has joined me the past couple weeks to cover the fintech news de jour. Follow her on the tweeter here.
This week we covered the fast and furious fundraising announcements in the Gen-Z Neobanking space. Casual half a billion plowed into three companies within a couple days. Much to discuss!
Here’s this week’s episode: Spotify + Apple
Lindsay penned a great synopsis here. I added some of the key fast funding facts that Lindsay put together here as well:
Fast Funding Facts:
Round: $220 million Series D
Valuation: $2.2 billion
Traction: 3 million active users
Target Demographic: Initially launched targeting Gen Z, however, has moved upmarket to serve millennial and mass-market consumers
Total Funding: $400 million
Source: Current press release
Round: $260 million Series D
Valuation: $2.3 billion
Traction: 3 million parents and kids on the platform
Target Demographic: Families with kids under 18 years old
Total Funding: $550 million
Source: Greenlight press release
Round: $100 million Series C
Traction: 1.5 user accounts
Target Demographic: kids under 18 years old. Step has raised
Total Funding: $175 million
Sources: Tech Crunch and Step
If you want to go back in time, you can also take a listen to our first News episode that we released last week! Here are the Spotify + Apple podcast links.
Until next time Fam,
Zach Anderson Pettet