Corporate card and expense management platform Divvy is starting off the new year with new cash. The Utah-based company closed a $165 million series D investment, boosting its total funding to $417 million.

The new round also crowns Divvy with unicorn status; the company is now valued at $1.6 billion. New investors Hanaco, PayPal Ventures, Whale Rock, and Schonfeld participated, as well as previous backers NEA, Insight Venture Partners, Acrew, and Pelion.

Divvy will use the funds to “invest heavily in product development and engineering in order to accelerate [its] future roadmap.”

Divvy was founded in 2016 and offers free expense management software combined with corporate credit cards to provide its clients visibility and control over their budgets. Among the company’s clients are Noom, Solo Stove, Rhone, EyeCare Partners, the Utah Jazz, and the Atlanta Dream.

“The best in every vertical choose Divvy,” said Divvy CEO Blake Murray. “We’re not just building for tech startups—we help businesses across the country by providing the capital and financial software they need to thrive. We’re fortunate to be able to build for companies of all sizes and we’re grateful to everyone who has helped us get here.”

Because managing expenses is a key element in helping small businesses survive a financial crisis like the one brought on by COVID, Divvy is in the midst of a growth spurt. Since March of last year, the company has seen a 500% increase in monthly sign-ups.

According to TechCrunch, Divvy’s competitors in the space include Ramp, Teampay, and Airbase. Each of these startups has closed a major round of funding recently, indicating the expense management space is heating up. The fact that Divvy offers its software for free is likely to offer it a leg up over some of its other competitors.

“With its compelling free software, Divvy is poised to become a key part of the financial nervous system for businesses,” said Peter Sanborn, Vice President, head of corporate development at PayPal and managing partner of PayPal Ventures.

Digital banking platform Oxygen secured $17 million in new funding today. The Series A round featured participation from a sizable array of investors ranging from Runa Capital and Rucker Park, to fintech entrepreneurs like Plaid co-founder William Hockey and celebrity athletes like NFL wide receiver Larry Fitzgerald.

Added to the $7 million in seed funding the company picked up just over a year ago, this week’s investment takes Oxygen’s total capital to $24 million. In its announcement, the company noted that the financing will enable it to add talent, accelerate growth, and continue to develop its consumer and SMB banking solutions.

“This investment not only validates what we’ve built but also enables us to continue pursuing our vision of building financial tools that integrate seamlessly with the digital world of today and delight our customers,” Oxygen CEO Hussein Ahmed said. “We founded Oxygen because we wanted to provide financial services in the same way people interact with technology in their everyday lives.”

With an emphasis on both consumer and small business banking, Oxygen brands itself as the bank for “free thinkers, rebels, and entrepreneurs.” The challenger bank offers personal accounts with no monthly fees, cashback rewards, up to two-day early deposit, an Oxygen Visa debit card, and multiple virtual cards. Business customers benefit from these features also, as well as business management tools for making cash flow projections, integrating accounting solutions, creating LLCs, and mailing checks from the Oxygen app. Both personal and business accounts are FDIC-insured through Oxygen’s partnership with The Bancorp Bank.

Headquartered in San Francisco, California, Oxygen has gained more than 125,000 accounts and achieved revenue growth of more than 900x since launching at the beginning of last year. In May, the company announced a partnership with CPI Card Group to develop its own personal and small business debit cards. Tearsheet.co profiled Oxygen founder Ahmed in December.

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The Avengers may have a Hulk. But social investing app Public, which offers Millennial and older GenZ investors the ability to make commission-free fractional share investments in U.S. stocks and ETFs, has a Hawk.

The New York City-based company announced this week that it has closed a $65 million Series C round that featured participation from skateboarding legend Tony Hawk, as well as a host of VCs and angel investors.

“As technology continues to disrupt barriers, Public.com is creating a platform that makes investing accessible to everyone, while providing a place where they can share ideas and build their confidence as they build their portfolios,” Hawk said in a statement.

Public is not the only investment the famous skateboarder has made in his retirement. Hawk was an early investor in Nest, backed DocuSign, and put money into a San Diego brewery named Black Plague. Five years ago, Hawk participated in the Series C round for Blue Bottle Coffee, a roaster and retailer that offers coffee subscriptions. The company was purchased by Nestle two years later for $500 million. “I like startups because I like being on the ground floor of stuff,” Hawk told Reuters in 2017.

Public’s round was led by Accel. Joining in the Series C along with Hawk and Accel were Lakestar, Greycroft, and Advancit Capital – as well as former chairman and CEO of Time Warner Dick Parsons. The investment comes less than a year after the company’s successful Series B funding, and takes the firm’s total capital to $90 million.

Public is among a growing number of fintechs looking to capitalize on three of the most powerful trends in retail investing these days: commission-free trading, fractional share investing, and a rising demand for investment opportunities from Millennials entering their prime family formation years. In addition to enabling its members to make fractional share purchases of U.S. stocks and ETFs – investing as little as $5 – Public offers a transparent community of both subject-matter experts and fellow traders and investors to help newer members learn how to wisely participate in the markets.

“Our mission to change the culture of investing is resonating with a new generation of investors who value collaboration over competition,” Public.com co-CEO Leif Abraham said. “By building the social network for investing, we’re giving people a place to share ideas and discover new ways of thinking in the same place they invest.”

Hawk is not the only celebrity investor in Public. Also participating in the round was Mantis VC, a venture capital outfit founded by electronic music duo, The Chainsmokers. Launched in September with $35 million in commitments from investors like Mark Cuban and Keith Rabois, Mantis VC has also invested in startups like fitness app Fiton and mortgage-lending startup LoanSnap.

“We couldn’t be more thrilled about our investment in Public.com and the potential this company has,” MANTIS VC partner and member of The Chainsmokers, Alex Pall said. “We’re all about community and Public’s social focus makes the stock market a more inclusive space where everyone can get educated and excited about investing.”

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Courtesy of a Series B funding round led by Sequoia Capital, API protection platform company Salt Security has doubled its total equity capital. The company, which is based in Palo Alto, California, picked up $30 million in new funding this week. Existing investors Tenaya Capital, S Capital VC, and Y Combinator also participated in the investment.

“APIs have become a fundamental unit of software,” Sequoia Partner Carl Eschenbach explained. “Salt Security enables organizations to discover APIs, prevent real-time attacks, and facilitate remediation, so customers can continue to operate and innovate in an increasingly digitized world.”

Salt Security’s Series B comes only a few months after the company completed a $20 million Series A round in June. The firm said that the new capital will help the company invest in product development, sales and marketing, and customer acquisition in 2021. As part of the deal, Eschenbach, as well as representatives from Tenaya Capital and S Capital, will join Salt Security’s board of directors.

“Raising both Series A and B, growing our customer base 200%, and building unmatched technical capabilities – all during this tumultuous year – gives us a formidable lead in the market we created and defined,” Salt Security co-founder and CEO Roey Eliyahu said. “Having someone of Carl’s caliber and experience guiding us will simply accelerate our success in the API security market.”

Salt Security notes that its API Protection Platform is the only patented API security solution designed for each stage of the API lifecycle. The technology learns the behavior of company APIs at a granular level, and uses machine learning and AI to automatically identify and block API attacks. The technology can be deployed in minutes with no configuration or customization required.

Salt’s platform was named a 2020 Cool Vendor in API Strategy by Gartner and a SINET 16 Innovator Winner for 2020. This fall, the company has announced partnerships with Carrefour, a French multi-national retail corporation, and U.S.-based, global colocation data center company Equinix.

Founded in 2016, Salt Security is headquartered in Silicon Valley, California; and in Israel. Forbes featured company co-founder Eliyahu in its 30 Under 30 roster earlier this month.

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Yesterday we shared news that EVERFI and Sallie Mae were teaming up to promote financial literacy for high school kids in California. Today we share news on another youth finance-related front. gohenry, which specializes in providing financial education for youth and their families, has secured $40 million in financing. The round was led by Edison Partners, and featured participation from Gaia Capital Partners, Citi Ventures, and Muse Capital.

The funding takes the company’s total capital to more than $56 million.

“For too long, kids have been locked out of the digital economy and parents lacked the tools to help their children gain confidence with money and finances,” gohenry CEO Alex Zivoder said. “gohenry was the first to respond to these needs in 2012 when we launched a groundbreaking financial education app and debit card that truly empowered children. In 2020, we’ve achieved three key milestones: becoming profitable which many B2C fintechs seek, raising $40 million during COVID, and partnering with world leading funds. All three will help us fuel our U.S. expansion.”

gohenry specializes in helping kids aged six to eighteen develop sound money and financial habits. Launched in the U.K. as a financial literacy app and debit card in 2012, the company has grown its offerings to include its Teen and Eco cards – both of which feature built-in parental controls. The company’s solutions enable youth to learn how to manage allowances and other earnings and give parents the opportunity to guide their children as they learn the basics of digital finance. The company noted that young customers on its platform earned “nearly $150 million in allowances” and “contributed more than $140 million back into the global economy.”

As part of the agreement, Edison Partners managing director Chris Sugden will join gohenry’s board of directors.

“gohenry is catering to millions of parents who are looking to raise smart, financially literate children but are currently underserved by existing solutions,” Sugden said. “We’re thrilled to partner with Alex and the gohenry management team on this next milestone in their growth journey and look forward to realizing their ambitions to improve the financial fitness of kids across the globe.” 

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