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Inside Mercury’s competitive push into software and Ramp’s potential M&A targets
Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a
The additional features put the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for years been fighting for market share in an increasingly crowded space. CB Insights took it upon itself to identify 85 potential acquisition targets for Ramp “given its heightened interest in M&A.” Here are a few examples: Greycroft-backed Streamlined, which does accounts receivable (AR) automation and whose $4 million raise TechCrunch covered here; Oddr, which is focused on invoice-to-cash management for the legal sector; Pactum, which does AI vendor negotiation; and OpStart, a startup valued at $10 million in 2022 that offers “financial operations for startups.” So far Ramp has acquired Cohere, Buyer and Venue. We recently brought him on TechCrunch’s Equity podcast to discuss valuations, why founders need to play the long game and the reason some VC firms are struggling more than others.
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