附近上门

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

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Affirm raises $500M; introduces biweekly payment option

Credit card alternative company , started by co-founder , announced a $500 million Series G round of funding led by existing investors and , bringing the fintech company鈥檚 raise from investors to more than $1.3 billion.

Other existing investors involved in the round included , , , , and .

In addition to the funding news, Affirm said it is introducing an interest-free biweekly payment product for transactions as low as $50.

In July, that Affirm was preparing for a possible initial public offering that could value the company at $10 billion.

New $485M round values Chime at $14.5B

that , the San Francisco-based company offering a mobile phone app to help members avoid bank fees and save money automatically, announced a $485 million Series F funding round that more than doubles the company’s valuation from December. [Read more]

Unity prices IPO at $13.7B valuation

Video game software developer priced shares for its IPO at $52 each, above the projected range, setting an initial valuation of $13.7 billion.

The final share price is far higher than Unity’s initial and amended price ranges. In a filing earlier this month, the company set a price range of $34 to $42 per share. In an amended filing it raised the range to between聽 $44 and $48.

The offering is one of several hot tech deals to make it to market this week while the IPO window remains wide open. Its pricing follows an even larger market debut from data warehousing company as well as a smaller one from cloud software provider .

San Francisco-based Unity reported $351.3 million in revenue for the first six months of 2020, up from $252.8 million during the first half of 2019. Its net losses also shrunk from $67 million in the first half of 2019 to $54 million in the first half of 2020.

Unity previously raised at least $1.3 billion in funding from investors including and . It last raised money with its $125 million Series E in May 2019, per 附近上门.

Funding rounds

, an online marketplace of live, interactive classes, announced a $45 million Series B round to accelerate hiring and product development for its K-12 education marketplace. led the round with participation from , , , and .

Other news

• TikTok and WeChat face US ban:聽The U.S. Commerce Department this morning that it is enacting prohibitions on transactions relating to mobile apps and in what it described as a move to safeguard national security interests.
• NS8 founder charged with fraud: , the co-founder of fraud prevention startup who abruptly resigned as CEO earlier this month, is after he was arrested Thursday by the FBI in Las Vegas. Per Forbes, Rogas is accused of misleading investors who poured $123 million into his company earlier this year.

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