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HoneyBee raises millions to make financial wellness a workplace benefit – TechCrunch

HoneyBee, a startup that aims to help companies provide access to financial support to their employees, announced today it has raised $5.7 million in equity in a round led by FFVC. Resolute Ventures, Afore Capital, Rebalance Capital, K50 and Financial Venture Studio also participated in the financing, along with two-time NBA all-star Baron Davis. HoneyBee…

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Financial Institutions—Crossing the Crypto Accounting Chasm

The U.S. Securities and Exchange Commission’s approval of the first U.S. Bitcoin futures exchange-traded fund (ETF) marks a monumental shift in institutional and regulatory attitudes towards crypto. In just two days, ProShares’ Bitcoin ETF topped $1 billion in assets. Approximately 10% of all Bitcoin ($125 billion) is now held in corporate treasuries, and 52% of…

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Stripe flexes its fintech muscle with Financial Connections to pull banking data automatically – TechCrunch

Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced a new product that fills in some significant gaps in its play to be the financial services layer for merchants and other businesses whose models are based on enabling transactions. It’s taking the wraps…

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Taxdoo raises $64M to expand from tax compliance to a wider set of financial tools for e-commerce companies – TechCrunch

With e-commerce becoming increasingly globalized, a company called Taxdoo, which builds API-based tools to help e-commerce companies with tax compliance and other accounting needs, is announcing a round of funding: $64 million, a Series B that the Hamburg-based startup will be using to expand further across Europe and to build what it describes as the…

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New financial accounting hub can manage 40 million events daily

Global software integration company Axway has launched its new service Axway Financial Accounting Hub (AFAH), which can manage 40 million events per day in real-time for a retail customer. The company says AFAH can also halve the costs and integration time for ERP Finance migration projects. Axway says as financial departments continue to evolve, businesses…

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InMarket Appoints Howard Morof as Chief Financial Officer

A veteran finance executive, Morof will guide InMarket into its next phase of growth AUSTIN, Texas, June 7, 2022 /PRNewswire/ — InMarket, a leader in 360-degree consumer intelligence and real-time activation, today announced the appointment of Howard Morof as Chief Financial Officer. Morof will oversee finance, accounting, legal and human resources and report directly to Co-CEO…

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The Family Psychology of Financial Advisor Succession | Financial Advisors

Most businesses fail to reach their 10th anniversary. Financial advisory firms fall in line with these statistics. As a result, thriving practices have considerable value because they demonstrate they have met a market need, generated new clients, have adequate cash flow, and can successfully hire and retain employees. Yet as these business scale and grow,…

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Managerial Accounting vs. Financial Accounting: What’s the Difference?

Image source: Getty Images If you’ve always thought that managerial accounting, sometimes referred to as management accounting, and financial accounting were the same type of accounting, you may be in for a surprise. While both deal with numbers, that’s where many of the similarities end. Read on as we take a dive into accounting 101…

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