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Here’s what you need to know today in startup and venture news, updated by the ¸½½üÉÏÃÅ News staff throughout the day to keep you in the know.

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PayPal reportedly looking to buy Pinterest

Payments company is looking to acquire , reported on Wednesday. PayPal could acquire Pinterest, which went public in 2019, for $70 per share, which would value Pinterest at around $39 billion, per Bloomberg. While Pinterest is a social media and image-sharing company, it does have an e-commerce feature as well, allowing users to shop through the site.

–Sophia Kunthara

Invicti Security lands $625M investment

Austin, Texas-based raised a $625 million growth round led by . Invicti provides web application security and was the result of the merger of and in 2017. In a release, the company said it expects to see 61 percent ARR growth this year compared with 2020.

— Chris Metinko

Flock Freight raises $215M

Encinitas, California-based , a provider of a service to ship freight in shared truckloads, raised $215 million in a new round led by 2, according to a in .

Founded in 2015, Flock Freight previously raised at least $184 million in known funding, per ¸½½üÉÏÃÅ data. The company will reportedly use the latest funding to invest in its shipment-pooling algorithm and machine-learning technology to raise the number of shipments it can process, as well as hire hundreds of new employees.

—ÌýJoanna Glasner

Acquisitions

Stripe acquires Recko:  disclosed that it is acquiring , a Bangalore-based financial operations platform for enterprises, for an undisclosed sum. Founded in 2017, Recko previously raised at least $7 million in known funding, per ¸½½üÉÏÃÅ data.

—ÌýJoanna Glasner

Fintech

Hash raises $40M Series C: Brazilian payments platform raised $40 million in a Series C funding round led by and . Previously, the 4-year-old, São Paulo-based company had raised around $19 million in venture funding, per ¸½½üÉÏÃÅ data.

—ÌýJoanna Glasner

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