StackCommerce acquired by TPG, Carpay raises Series A, and more in our latest community update
StackCommerce, a native commerce platform and our 5th investment ever, was acquired by TPG’s Integrated Media Company (IMC). StackCommerce was an early player in digital publishing monetization, spearheading the push towards “native commerce” that allowed media properties to monetize their own content to a much greater degree. IMC sees the investment “as an opportunity to better integrate eCommerce into the revenue strategies of some of its existing media investments.”
Carpay, a loan management software company focused on Buy Here Pay Here (BHPH) dealers, was featured on Automotive Ventures “Daily Download Recaps”, after closing their $6.5M Series A led by Autotech Ventures. Carpay has onboarded over $1B of BHPH loans onto its platform, and is the primary touchpoint for over 100,000 customers.
Cheese, The first zero-fee cashback Debit card for immigrants, announced the launch of its digital banking platform and $3.6M in Seed funding. Cheese’s platform is aimed at primarily serving the Asian-American community. Cheese offers a debit Mastercard to users with no credit history, cashback rewards and incentives across a huge network of retailers, high-yield savings, and also allows users to donate to Asian-American and immigrant-owned businesses with each purchase.
Strike Graph, a SaaS platform simplifying security certifications like SOC 2 or ISO 27001, announced the launch of its first-of-its-kind automated AI security report. Justin Beals, CEO of Strike Graph, said that, “the biggest complaint we hear from customers is answering security questionnaires. Each questionnaire is different and takes precious time away from CTOs and technical talent to close deals.” Strike Graph is simplifying the process, building a sustainable compliance practice with deep integrations, and helping B2B companies unlock new revenue.
We would also like to highlight the hard work of a few people in our portfolio that were given recognition in the 2021 Forbes Next 1000, “the upstart entrepreneurs redefining the American Dream.” Founder Topper Luciani at Goodfair, an eCommerce platform reinventing d2c thrift, Co-Founder Jesscia Chang at WeeCare, which helps educators and caregivers start and manage successful home daycares, and Co-Founder Alyssa Rudderman at Lantern, a public benefit corporation providing step-by-step guidance for navigating life before and after a death.
To see what else has been happening in the Amplify community, check out our last update here.
