Michael Roddan
Banking Reporter at The Information
Banking reporter @theinformation in NYC ☏/Telegram/WhatsApp/Signal +1 347 864 0601 Former national corro @FinancialReview and roustabout @australian
Articles
-
4 days ago |
theinformation.com | Michael Roddan
Source: The InformationDeel has accused Rippling of directing an employee to set up fake entities to pose as a Deel customer and scour the rival payroll startup’s systems for contracts, policies and pricing information, the latest twist in a long running battle between the two HR software firms. The accusations form part of an amended complaint Deel filed in a Delaware court on Tuesday against Rippling. Deel has alleged Rippling defamed and defrauded Deel.
-
1 week ago |
theinformation.com | Michael Roddan
Global payroll startup Deel is bolstering its governance and ending some of its unusual practices as it fights accusations in a lawsuit that its CEO and board chair recruited and paid a corporate spy at its archrival, Rippling. Deel is moving its official corporate headquarters from its current location: a two-bedroom apartment in a San Francisco luxury high-rise.
-
4 weeks ago |
theinformation.com | Michael Roddan
Source: The InformationRippling has raised $450 million in a round valuing the payroll company at $16.8 billion including the investment, bringing in new investors Goldman Sachs, Singaporean sovereign wealth fund GIC and Sands Capital, the company announced on Friday.
-
1 month ago |
theinformation.com | Michael Roddan
It’s easier than ever to spy on a rival company. It’s also easier than ever to catch a spy. The result is a surge in spy-versus-spy lawsuits in the fintech industry, one of the most cutthroat in Silicon Valley. At least four companies have sued competitors or their employees for allegedly stealing innovations, customer data, employee compensation numbers or financial information, according to recently filed lawsuits, some of which haven’t previously been reported.
-
1 month ago |
theinformation.com | Michael Roddan
Source: The InformationA group of Wall Street banks sold the final tranches of debt it lent Elon Musk in 2022 for his takeover of Twitter, now called X, The Wall Street Journal reported. The $1.2 billion sale marks the end of a long-running headache for the banking syndicate that lent a total of $13 billion to Musk. Interest rates shot up in the period between when Musk launched the deal and when it finally closed, making investors wary of taking on the debt from the banks.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 11K
- Tweets
- 1K
- DMs Open
- Yes
The Series G financing boosted Rippling’s valuation from $13.5 billion achieved in a financing last year, increasing its lead by this measure over archrival Deel, which announced a $12.6 billion valuation tied to a secondary sale earlier this year. https://t.co/IB02J6XQWW
RT @nmasc_: Scoop w/ @MichaelRoddan: Ex-Synapse CEO’s Robot Startup Targets $1 Billion Valuation https://t.co/HPU0Ld9qWR
🕵️ NEW 🕵️ We all know (and love) Deel and Rippling. We've also found spy tales involving fintech firms: 🏇 Brex and Ramp 🏇 Middesk and Baselayer 🏇 Toku and LiquiFi 👇 Read on
Spies Are Everywhere in Cutthroat Fintech Industry It's never been easier to spy on a rival company, and it's never been easier to catch a spy. Both are happening in the cutthroat fintech industry. Read more from @MichaelRoddan👇 https://t.co/Qk78eEkura
