‘Strategic finance platform’ Mosaic raises $25M Series B – TechCrunch

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Hello and welcome to Daily Crunch for Wednesday, March 30, 2022! It’s day two of Y Combinator’s Demo Day, which means that the TechCrunch team has been looking at more than 400 startups over two days.

If you’ll forgive us, our brains are dripping out of our ears as we stare vacantly in the middle distance after some information overwhelms – but one thing’s for sure: It’s hella exciting times in startup land and across the ecosystem.

Dive in; the water is non-fungible, COVID-free, and will probably launch a corporate credit card before long. – Christine and Haje

The TechCrunch Top 3

  • From tiny to mighty: Fintech reporter Mary Ann Azevedo hit it out of the park today with some financial news. First, she wrote about Cross River Bank, which secured a giant round of $620 million that put its valuation at over $3 billion. This is not shocking due to the amount of venture capital being pumped into the sector. However, Cross River was not only an early recipient of fintech funding, getting $30 million back in 2016, but has been profitable since 2010.
  • Helping CFOs manage high growth: Mary Ann’s other story was about a couple of Palantir alums out to provide tools for CFOs of high-growth companies. Mosaic raised $25 million in Series B funding from Founders Fund to continue developing what the company calls a “strategic…

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