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Insight Partners led a $100m funding round in Unit.

Synopsis

Insight Partners, a venture capital and private equity firm, led a $100m funding round in Unit, a financial-technology startup, with participation from Accel, Better Tomorrow Ventures, Flourish Ventures, Moving Capital and Stepstone. Proceeds will be used in part to hire staff and accelerate product development. Unit has plans to launch business credit cards and other products such as cash advance, early wage access and invoice factoring.

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