As the leaves start to turn colors and prepare for a new season, the Chicago tech scene saw changes of its own last week, including a new office, acquisition and venture funding announcements. Catch up on what you might have missed with the Built In Chicago Weekly Refresh.
MVMNT raised $20M. MVMNT is the developer of transportation management solution (TMS) software that helps freight brokers streamline logistics operations by finding shippers, analyzing industry pay rates and paying drivers and trucking companies. MVMNT has designed its product for small and medium-sized businesses and freight brokerages that are underserved in the market, according to the company. Following this funding round, MVMNT is currently hiring. [Built In Chicago]
Bswift was acquired by Francisco Partners. Bswift is a health insurance software company that helps employers administer health insurance benefits and reduce administrative costs. Founded in Chicago in 1996, the company was acquired in 2014 by Aetna, which merged with CVS Health in 2018. Bswift will continue to provide its software to CVS Health and Aetna. [Built In Chicago]
Chicago Tech Quote of the Week
Chime opened a Chicago office. San Francisco fintech Chime recently announced that it opened an office in Chicago’s West Loop. The company currently employs about 105 Chicago employees who can either work from home or at the new office. With the 26,000-square-foot office, the company has enough space to grow its team to 150 employees. [Built In Chicago]
Bridge Money secured $5.8M. The Chicago fintech allows its members to earn supplemental income by linking their debit card or bank account to the Bridge Money app. Through the app, users can earn cash back by consensually sharing anonymized data with third-party businesses and participating in surveys and referrals. The recent seed funding round was led by TMV. [Chicago Inno]
.jpg)
.png)
