Clocktower Ventures
Facts
- HQ
- United States
- Sectors
- Venture capital, Finance
Copper Halts Banking Services After Synapse Bankruptcy Forces Deposit Account Lockouts
Fintech startup Copper has discontinued its banking services and debit card offerings due to its banking-as-a-service provider Synapse filing for bankruptcy and shutting down its platform. Affected customers are temporarily unable to access deposit accounts, but Copper plans to pivot to its 'Earn' product focused on surveys and games.
Seattle Accounting Software Startup Lockstep Acquired by British Enterprise Software Giant The Sage Group
Seattle-based startup Lockstep, which automates B2B accounting processes and has over 300 customers, will be acquired by British enterprise software company The Sage Group. The 130 Lockstep employees will join Sage while retaining the Lockstep brand, though financial terms were not disclosed.
Seattle Startup Lockstep, Backed by American Express, Launches Free Shared Accounting Inbox Amid Rapid Growth
Seattle startup Lockstep, backed by American Express and led by CEO Peter Horadan, is growing rapidly with 20,000 customers and a rising demand for its accounting automation software. The company just launched Lockstep Inbox, a free shared accounting inbox, aiming to become the 'LinkedIn of accounting' by automating manual financial workflows.
People
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Daniel Shi Venture Partner
