Flex acquires a16z-backed Maza for $40M as fintech M&A heats up
Flex, a startup that offers personal finance software for business owners, has acquired Maza, a finance app aimed at Spanish speakers in the U.S., for $40 million, the companies told…
Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale
The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal. The…
A16z-backed Toka wants to help US agencies hack into security cameras and other IoT devices
U.S. government agencies legally hack into cellphones or emails all the time: think of the FBI wiretapping a suspected drug lord or the NSA monitoring emails for terrorism plots. But…
a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash
Tally, a nine-year-old fintech that helped consumers manage and pay off their credit card debt, has shut down, according to the company. In a LinkedIn post that was shared earlier…