Hey Tea Sippers,👋
Happy Financial Literacy Month! 📈
In honor of week 3, I would like to recommend a youtuber or “fin-fluencer”, named Grahm Stephens, who is known for giving great advice on behalf of the forever evolving financial, and credit system we have in America. He talks about ways to maximize your profits and limit your expenses so that you can become financially literate and financially stable. He currently has 3 million followers and is continuing to grow exponentially. Grab some tea and take a look at some of his videos if you have some free time. Cheers!
What’s the Tea Today? 🤔
Ready for this week’s tea?☕️ We are talking about Cleraco getting a new valuation,📈 and MANTL raising some new cash. 🤘
There’s one major news story: The Flu epidemic has been non-existent as a result of the surge in the pandemic. This leaves many skeptical of what life will look like once the majority of Americans are vaccinated. Will there be a rise in covid cases or flu cases? Read about this story here.
Anyways, short and big stories ahead, get your tea ready and start sipping. ☕️
Also, before you get reading, don't forget to join our waitlist! Thanks. 😝
The New Unicorn 🦄
Clearbanc raises a new seed round 💰
Celarbanc is the lending firm that helps startups raise money offering them equity-free investments. They have rebranded to Cleraco, and are expanding their initiative to keep more companies and banks within their brand for the long run.
Raise. Cleraco just rose a 100 million Series C round.
Valuation. They are now valued at $2 billion and are continuing to grow.
Sales. Cleraco was able to round in 60 million in sales last year, and are looking to grow this at a higher scale.
Call to Action 📞: Startups are always innovating and creating new iterations or adding new features to their preexisting products, and that what is displayed here. We see companies like Cleraco getting higher valuations for adding small features that prove the credibility and longevity of their product. They are now devoted to creating genuine relationships with these companies rather than just providing them with capital. The sentimental and intimate portion proves to be a very compelling argument when it comes to investors. We are seeing companies trying to scale at rapid levels and this is one example.
Lead the Charge 🔋
MANTL raises some cash 🤑
MANTL, the tech company that helps banks and credit unions open accounts just did something big. We’ll get into that in a second, but the CEO’s words explain all that you need to know in terms of where he thinks the company will be going in the future.
“We are part of this new wave of fintech that’s transforming the cost structure of these traditional banks,” he said. “The way we do that is through a white label application that allows the bank’s customers to open accounts from anywhere, at any time, on any device in less than three minutes. We’ve also helped our banks raise billions of dollars deposits each year to date.”- Nathaniel Harley
Raise. MANTL just rose a $40 million series B round.
Valuation. The valuation is being kept a secret by the executives, but you should know that their customer base has grown exponentially over 2020 to almsot 60%.
Sales. The exact sales for the previous year still remain undefined, but they have expressed that their partner banks have allotted a total of $600 billion in combined assets.
Call to Action 📞: Alot of money is being circulated within the market, and some of it has gone to MANTL. After a big raise they are excited for what the future has in store. They want to be a leader in their industry, and provide their customers with quick and easy integration. Speed is the name of the game, and as you begin to look at companies that are doing well in the fintech space take a look a the ones who are able to mainatin customer’s identities safe and secure, while making the overall banking process seamless and easy to use.
Extra Tea ☕️:
Apple: Apple has added a new feature to their card distribution channel
Mastercard: Mastercard is pouring funds to help into an innitiative for women founders called “The Fealress Fund”
Tribal: Tribal Credit raises $34 million dollars to help provide credit cards for startups
Brex: Brex the corporate credit card for businesses is trying out a new feature for instant payout as a feature
Sencha “Tea” Fact of the Day 🍃:
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