Even Financial acquires credit card rewards app
On Tuesday, financial services company Even acquired Birch Finance, an app that helps users find credit card rewards programs. Birch’s CEO Alex Cohen will join the Even team as senior director, credit card marketplace. Even will work on scaling Birch’s technology and use it to build customer acquisition technology in the credit card market. Terms of the deal were not disclosed. [Press release]
Jackpocket raises $16M to modernize the lottery
Jackpocket, an app that gives users a secure way to order official state lottery tickets, raised $16 million in new funding, bringing its total funding amount to $25 million. Funds will be used to expand the company to new jurisdictions throughout the U.S. This is just one of many headlines the company is making — they also just moved their headquarters to WeWork's new HQ concept in Midtown. [Press release]
See the latest NYC tech mega-rounds
In one day, two companies — Ribbon and Assembled Brands — raised a combined $325 million, signaling a mega-round funding trend in NYC tech. Ribbon, a fintech company that makes it easier for people to buy their homes, raised $225 million in Series A funding and plans to grow to 10 new markets next year. Assembled Brands, a company that finances emerging consumer goods brands, raised $100 million, which it will use to branch into new industries and enhance its proprietary technology. [Built In NYC]
Designer clothing rental startup Tulerie launches
Tulerie, an app that lets women share one another’s designer clothing, burst out of beta on Monday. The platform, which is fully equipped with shipping logistics and payment processing capabilities, lets users browse by type, size, color and designer. From there, the app pushes notifications for when an item is due back to its owner, and all clothing is professionally cleaned before being returned. Later this year, the company plans to have additional capabilities, like same-day request fulfillment, available. [Press release]
ADAY launches new tech-designed collection
ADAY, a direct-to-consumer brand creating technically and consciously designed clothing, announced the launch of its new collection, Plant Bae. The company works with engineers to find and create technologically advanced fabrics. With this new collection, they’ve used seaweed, a carbon-negative resource that helps remove CO2 emissions in the air. Clothing is available for purchase online or in its NYC showroom and London popup locations. [Press release]
Sentieo raises $19M in Series A funding
Financial research platform Sentieo raised $19 million in Series A funding led by Centana Growth Partners, with participation from existing investors. In a little over one year, the company has experienced significant growth: it’s tripled its client base and doubled employee count. With $25 million in total funding, Sentieo will use the funding to enhance its product and expand globally. Currently, it’s headquartered in San Francisco, with offices in NYC. [Press release]
