TechCrunch Fintech: Brex Exec Joins a16z, Klarna Sells Payments Unit, and Big Raises

Discover the latest news and funding activities in the fintech sector. Learn about Ali Rathod-Papier's new role at a16z and how it highlights the firm's commitment to compliance. Find out how Gynger secured million in funding for its unique technology financing platform. Explore how Finbourne raised million to enhance financial data management and the growing importance of efficient data management in the industry. Dive into Cadana's emergence from stealth with .4 million in funding for payments and payroll integration. Uncover Hero's .2 million funding round to revolutionize banking for small companies. Lastly, learn about Materia's .3 million funding for data integration in accounting firms and the market's recognition of the need

Ali Rathod-Papier Joins Andreessen Horowitz as Compliance Officer and Partner

Former global head of compliance at Brex, Ali Rathod-Papier, has joined venture firm Andreessen Horowitz (a16z) as a partner and compliance officer. In her new role, Rathod-Papier oversees a16z's foreign expansion and policy efforts, managing financial crime and national security risk, as well as overseas operations. This article discusses Rathod-Papier's departure from Brex, as well as other personnel changes at the company. It also highlights the dynamic nature of the fintech industry and the importance of compliance and revenue generation in the competitive landscape.

TechCrunch Fintech: Layoffs at BaaS Startup Unit, Brex’s Co-CEO Model Change, and More

Discover the latest news in the fintech industry, including layoffs at Unit and Loop, regulatory scrutiny for Evolve Bank, and Brex's decision to abandon its co-CEO model. Learn about funding and acquisitions in the industry, such as InScope and Finaloop securing investments, and 360 One WAM's acquisition of ET Money. Find out about Apple discontinuing its Pay Later feature and other noteworthy news, including Wells Fargo's challenges with a rent credit card and Intuit's acquisition of Zendrive. Stay updated on the dynamic and evolving fintech industry.