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Cybersecurity Platform SentinelOne Considers US IPO

Autonomous cybersecurity company SentinelOne will be seeking a valuation of around $7 billion for its initial public offering (IPO), according to a press release. The company is offering 32 million shares of its shares of Class A common stock, the release stated. It will be offering underwriters the option to buy another 4.8 million shares. The IPO price is likely to be around $26 to $29 per share.
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French National Bank Experiments With CBDC

The Banque de France has been working on a central bank digital currency (CBDC) experiment, a press release said Monday (June 21). “This experiment made it possible to demonstrate the possibilities of interaction between conventional and distributed infrastructures. It also paves the way for other alliances in order to benefit from the opportunities offered by financial assets in a blockchain environment,” said Nathalie Aufauvre, general director of Financial Stability and Operations, per the release.
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Amazon Eyes Investing In Autonomous Truck Firm Plus

Amazon has put in an order for 1,000 autonomous driving systems from Plus, a self-driving tech startup, Bloomberg reported. The eCommerce giant also got the rights to buy as much as a 20 percent stake, Plus revealed in a regulatory filing, per Bloomberg. Amazon will now have the right to buy shares of Plus for around 46 cents per share, which comes out to 20 percent as a stake based on Plus’ shares outstanding prior to its merger with Hennessy Capital Investment Corp., a special purpose acquisition company (SPAC).
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Brazil's Nubank Looks For Underwriters, Report Says

Brazilian digital bank Nubank is looking for investment banks to help support its initial public offering (IPO), U.S. News reported. The company’s talks with banks are more advanced than anyone previously thought, U.S. News reported. To that effect, company Founder and CEO David Vélez had not even said there were plans to go public, although he said previously it is likely to happen at some point in the future.
Credits & LoansPosted by
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MYOB, Valiant Partner On SMB Loan Financing

MYOB, the accounting software firm, is working with Valiant Finance on a new deal to offer “predictive financing,” letting companies know their options via Valiant if they need a loan or another kind of financing, a report from WAtoday said Monday (June 21). Valiant will help it link smaller businesses...
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Quadient Debuts Business Intelligence For AR Automation

Quadient, which works on customer connections via both digital and physical channels, has a new Business Intelligence (BI) module that will dig more into data and analysis for accounts receivable (AR) automation for the company’s YayPay service, a press release said on Monday (June 21). Quadient has been working on...
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Today In B2B Payments: Machias Eyes Smaller FIs' Biz Card Opportunity; SYSPRO Launches B2B eCommerce Solution

Today in B2B payments: Machias Savings Bank discusses the commercial card opportunity for smaller banks, and SYSPRO launches a B2B eCommerce solution. Plus, Timerack discusses time tracking's role in payroll security, Pollen VC expands funding for game developers and India's ICICI debuts new corporate banking products. With payroll innovations targeting...
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moneycorp API Links Global Payments Into ERP, Accounting Tools

Moneycorp Americas, which is the moneycorp unit that serves the Americas, unveiled an application programming interface (API) “integration enhancement” that has the ability to loop into accounting and enterprise resource planning (ERP) systems, according to a Monday (June 21) announcement. moneycorp lets its customer simplify payments using the new connection,...
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Data Platform Crisp Believes The Solution To Food Supply Woes Is Cooperation

The food supply chain is due for an upgrade. Businesses and consumers alike are feeling the strain, with widespread shortages sending prices skyrocketing. Both the private and the public sector are doing what they can to address the industry. The Biden administration recently announced a multi-billion-dollar investment in strengthening the chain, as companies take a look at their own supply chains and seek to identify places where it can be bolstered.
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Soho House IPO Lifts Velvet Rope On Members-Only Investment Opportunities

Exclusivity — online and offline, in house and globally — is the selling point of one U.K. company filing in the U.S. to go public. To that end, Membership Collective Group, a global membership platform of physical and digital spaces — where the portfolio includes 28 Soho Houses, nine Soho Works, The Ned in London, Scorpios Beach Club in Mykonos, Soho Home and other offerings — has filed with the Securities and Exchange Commission for a listing.
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Kredivo Lands $100 Million For BNPL In Indonesia

Digital loans and credit platform Kredivo has raised $100 million in an expanded debt facility, the Indonesia-based FinTech announced on Monday (June 21) in a press release. Kredivo will use the funds to extend consumer loans to its Indonesian borrowers. In addition to offering personal loans, the startup also offers buy now, pay later (BNPL) solutions to consumers for both online and offline purchases.
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DoorDash, Albertsons Team Up For One-Hour Grocery Delivery

DoorDash and grocery chain Albertsons Companies announced on Monday (June 21) in a news release that they will offer one-hour grocery delivery from almost 2,000 stores, among them some branded Safeway, Vons and Jewel-Osco locations. The companies stated in the release that customers will be able to choose from more...
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DataRails Notches $25 Million For SMB-Focused Financial Reporting

DataRails, which provides financial planning and analysis (FP&A) software for small- to medium-sized businesses (SMBs), raised $25 million in a Series A extension. The infusion follows DataRails landing $18.5 million in April of this year, bringing the round total to $43.5 million, according to a Monday (June 21) announcement. The...
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Work-From-Home Employees Drive Vacation Real Estate Prices

The market for vacation homes has caught fire in counties nationwide, as sales of vacation properties have risen 16 percent since 2020 — nearly tripling the gains delivered by existing homes, which were up 5.6 percent according to the National Association of Realtors. That push, according to Bloomberg, comes as...