FinTech news in Software category

The company, launched in 2019 by Devshi Mehrotra and Leslie Jones-Dove, stores, catalogs, analyzes and then shares video evidence, hoping to increase transparency around criminal matters such as police interactions and improve overall judicial outcomes for low-income criminal defendants. JusticeText automatically transcribes criminal evidence data, making it searchable by keywords, weapons, drugs and crimes, so attorneys can easily create videos to use in hearings or trials. Software company JusticeText today announced the closing of a $2.2 million seed round, with participation from Bloomberg Beta, True Ventures, Reid Hoffman, John Legend and Michael Tubbs. The company currently works with 50 public defender offices and has around 60 clients who are private criminal defense attorneys.

Kwik, a Nigeria and French-based startup that provides logistics services to B2B merchants, from social vendors to e-commerce platforms, has raised $2 million in Series A funding. Since launching in Lagos in 2019 and extending its presence to Abuja, the company has onboarded more than 100,000 merchants who use Kwik’s site and mobile apps to run the logistical, commercial and financial needs of their businesses.

Among the portfolio of companies, the firm has invested in email security company Abnormal Security, which raised $50 million back in 2020; biotech software developer Benchling, which raised $100 million in Series F funding last November; and Transmit Security, which took in a $543 million Series A last year on a pre-money valuation of $2.2 billion to rid the world of passwords. Artisanal Ventures, a Bay Area venture capital firm investing in B2B cloud startups, closed on its first fund, the oversubscribed $62 million Artisanal Ventures I. Cloud is the big buzzword these days, with people talking about why it a smart move for companies, and lots of venture-backed startups developing easy ways for companies to make the shift. That includes combining the expertise of the firm’s limited partners with Artisanal Talent’s executive search capabilities to help portfolio companies build best-in-class teams.

This was followed by Social (70 apps), Entertainment (57 apps), Books (37 apps), Lifestyle (33 apps), Tools (26 apps), Business (25 apps). However, mobile game publishers led the adoption of the keyword, as 107 apps in the Game category now reference the term, or 19% of the apps studied.

While this is easier for customers, it has created headaches for many software, or SaaS, businesses that are not equipped with billing systems that can easily charge customers on a usage basis. Woody agrees, adding that Metronome can help companies that have built a new product that they want to get out into the market as quickly as possible.

Identity verification (IDV) provider Veriff, has raised a $100 million Series C round co-led by Tiger Global and Alkeon. He also said he thinks the future of IDV is being driven by the fact that it’s not just essential for financial services companies, but that it’s also now requisite for just about every service online. They were joined by existing investors IVP and Accel, bringing Veriff total funding to date to $200 million. It also claims that last year it grew verification volumes by more than 8x, and by 20x in the U.S., with its financial services operation growing by 10x, while customer growth had grown by 150%.

The company is rolling out NFT Profile Pictures to Twitter Blue subscribers on iOS by way of Twitter Blue early access Labs feature