Beeper acquired by Automattic, fintech's decline and YC's lack of LatAm founders

Today, the Equity crew dug into Automattic buying Beeper for $125 million. Recall that the WordPress parent company bought Texts.com last year for $50 million. Elsewhere in deal-land, Proton bought Standard Notes, and we recently discussed the Wonderschool-Early Day purchase. More, please!

In the Deals of the Week column, Mary Ann chose Payjoy’s massive new run rate, while Alex wanted to riff on the Proxima Fusion round that could help bring the next energy revolution a little bit closer to reality.

And to close out, we looked at Anna Heim’s latest on Y Combinator’s evaporating number of participating startups from Latin America, which we posit could have something to do with fintech falling out of favor with investors — and fintech being the startup category that we most associated with Latin America founder activity.

Not that fintech is dead, far from it. But certainly we are an ocean or two away from the heady days we saw back in 2021. Equity is back Monday morning to kickstart your week! We’ll see you then!

Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday. You can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

You also can follow Equity on X and Threads, at @EquityPod.

For the full interview transcript, for those who prefer reading over listening, read on, or check out our full archive of episodes over at Simplecast.

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

Learn more about your ad choices. Visit megaphone.fm/adchoices