Tag: Invus Opportunities

Earlier this week, Swedish FinTech unicorn Klarna announced an austerity program and the layoff of 10% of its workforce. San Francisco-based Bolt Financial had to follow this path and lay off around a third of its workforce, or around 250 employees, to reach profitability with the money available. The Bolt layoffs came just months after investors valued FinTech at $11 billion. PayPal and other FinTechs also announced layoffs and hiring freezes. Evidently, the FinTech sector switches into crisis mode.

Chicago-based FinTech Amount with the prominent domains www.amount.com claims to be a leading technology provider for financial institutions. Evidently rightfully so. The company announced it has secured an $81 million Series C investment led by Goldman Sachs Growth with participation from existing investors including August Capital, Invus Opportunities, and Hanaco Ventures.