Equity Do you want your paycheck in crypto?
Feb 18, 2022
This week’s discussion dives into the exciting world of startups and their challenges. The hosts explore an innovative remote payroll startup facilitating crypto payments for employees worldwide. With regulations tightening in the crypto sphere, they discuss a significant SEC settlement and its implications. Mental health initiatives for underrepresented communities are highlighted, showing a commitment to inclusivity. Finally, they take a humorous look at the evolving cannabis market, weaving through societal perceptions and emerging products.
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Ro's Unexpected Raise
- Ro raised $150 million at a $7 billion valuation, despite previous doubts about revenue and churn.
- This Series D round, raised solely from existing investors, is significantly smaller than their prior $500 million raise.
Amex's Strategic Partnership with Airbase
- Airbase secured a strategic corporate investment from Amex, focusing on software revenue.
- This partnership allows select Amex customers to utilize Airbase's software, potentially disrupting the corporate spend market.
Deel Enables Crypto Payroll
- Deel now enables employers to fund payroll in crypto, specifically USDC, for easier cross-border payments.
- While employees can choose their preferred payment method, this move suggests growing demand for crypto payroll options.