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Fintech Firm Says Ex-Facebook Staffer Took Proprietary Info


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Fintech Firm Says Ex-Facebook Staffer Took Proprietary Info
Law360 (June 14, 2021, 7:48 PM EDT) A former Facebook account executive allegedly took proprietary information gathered while working with a financial tech client at the social media giant and leveraged it for a job with that former client s business rival, the company claims in a new lawsuit in Georgia.
Greenlight Financial Technology Inc., which makes smart debit cards and financial apps aimed at parents who want to teach their kids about finances, said former Facebook client partner Jordan Nichols used his position and access to Greenlight information to steal a variety of trade secrets, including Greenlight s cost to acquire customers, target audience and strategic roadmaps. ....

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Greenlight Raises $260 Million Led By Andreessen Horowitz To Expand Its Family Finance Platform And Improve Financial Literacy For The Next Generation


Greenlight Raises $260 Million Led By Andreessen Horowitz To Expand Its Family Finance Platform And Improve Financial Literacy For The Next Generation
Valuation jumps from $1.2 billion to $2.3 billion in six months following record-setting growth
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ATLANTA, April 27, 2021 /PRNewswire/ Greenlight
® Financial Technology, Inc. ( Greenlight ), the fintech company on a mission to help parents raise financially-smart kids, today announces the close of $260 million in Series D funding. The series was led by Andreessen Horowitz with participation from return investors TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, Goodwater Capital, as well as new investors Wellington Management, Owl Ventures and LionTree Partners. This brings Greenlight s total funding to over $550 million and increases the company s valuation from $1.2 billion to $2.3 billion in a six-month period. The investment will further fuel Green ....

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