MoneyLion is on the verge of unicorn status with its latest fundraise. The virtual bank’s growth has surged to over 5 million users on its app. The $160 million in funding will be used to add subscribers and roll out new tools. [Built In NYC]
Minute.ly raised $8 million to help publishers monetize videos. The funding will go toward building out their AI tools that determine which clip to present as a teaser by finding the section mostly likely to draw in viewers. The video optimization platform is based in New York City and Tel Aviv. [Built In NYC]
Map My Customers raised $2.6 million in a Series A. Map My Customers is a software platform that helps sales professionals manage their accounts. The NYC-based company is using the funding to double its team, particularly in sales and engineering. [New York Business Journal]
Etsy acquires music gear marketplace Reverb for $275 million. The craft and vintage goods marketplace plans to “retain and continue hiring at Reverb,” according to a Reverb spokesperson. This mark’s Etsy’s seventh acquisition since its start in 2005. Reverb will continue to run as a standalone company in Chicago. [Built In NYC]
