Briefing Venture

The Briefing: Affirm Ups IPO Range, Stripe Stops Processing For Trump, And More

The Briefing

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Affirm upsizes IPO price range

Affirm, in an S-1/A filing with the U.S. Securities and Exchange Commission on Monday, said it intends to offer 24.6 million shares now priced between $41 and $44 each. That will boost its potential proceeds to $1.08 billion.

This is an increase from its Jan. 5 announcement of between $33 and $38 per share.

The company will list its shares on the Nasdaq Global Select Market under the symbol AFRM. IPO Scoop expects the San Francisco-based fintech company’s shares to begin trading on Jan. 13.

Stripe stops processing for Trump campaign

Stripe is the latest high-valuation tech company to distance itself from President Trump in the wake of Wednesday’s attack on the Capitol.

The Wall Street Journal reports that the fintech company will no longer process payments for Trump’s campaign website.

Stripe is cutting off the president’s campaign account for violating its policies against encouraging violence, according to unnamed sources cited in the article.

Funding rounds

  • Chinese fitness app Keep raises $360M: Chinese fitness class provider Keep said it has recently closed a Series F financing round of $360 million led by SoftBank Vision Fund.
  • Cortilia raises $41M million for fresh food: Italian grocery delivery company Cortilia has closed a 34 million euros ($41 million) Series C round to fuel expansion in a round led by Red Circle Investments.
  • Dina inks $7M for at-home care: Dina, a Chicago-based care-at-home platform, closed a $7 million funding round led by Osage Venture Partners.
  • Gig Wage adds $2.5M to Series A: Gig Wage, a Dallas-based fintech payroll company, said it raised a $2.5 million Series A extension led by The Foundry Group. This brings the amount of the Series A, which was led by Green Dot, to approximately $10 million.
  • Alula raises $2.2M for cancer support platform: Alula, a New York-based digital platform for cancer patients and caregivers, raised $2.2 million in seed funding led by Andy Dunn.
  • Biconomy banks $1.5M for blockchain: London-based Biconomy, a platform providing blockchain developers a simplified onboarding and transaction experience for their Web3 projects, secured $1.5 million in a seed funding round led by Eden Block.

Illustration: Dom Guzman

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