FinTech news in norwest venture partners category

Scratchpay raised the $35 million in a Series C round led by Norwest Venture Partners, with participation from Alumni Ventures, Companion Fund, Struck Capital, SWS Venture Capital and TTV Capital, among others. Although they allow someone to purchase services first and pay it back gradually, Keatley said the services offered are helping the user with their needs instead of enabling them to buy a want. The company has been focused on its recent endeavor of expanding its finance services from veterinary care to include human healthcare. By the end of the year, Scratchpay is expected to have processed over $1 billion in patient — human and nonhuman — payments across all its markets in over 10,000 practices, according to the company.

GoFundMe doesn’t charge a platform fee from fundraisers (aside from standard transaction fees), but when people donate to a campaign, they can add an optional tip that helps keep GoFundMe running. The Public Benefit Corporation employs a team of 200 and will become a subsidiary of GoFundMe, operating as a separate entity under GoFundMe CEO Tim Cadogan leadership. GoFundMe announced today that it will acquire Classy, a nonprofit fundraising software company. The company said that $5 billion was raised on GoFundMe and Classy combined in 2021.