Spomerent Scoops Up Fintech is another in buying mainstreeet.com

Promicestor.com obtained Mainstreet.com for an unknown amount, which is the latest Fintech starting to get captured by Manpower Management Company.

in Posted on XThe Chairman and the co -founder of the founder and co -founder Jesse Tinsley said that the two companies “integrated the forces to simplify the solutions of the background offices of business into one platform for force.” Tinsley confirmed the acquisition of Techcrunch.

MainstreetA California -based start -up company, established in 2019, built a business on helping startups in revealing the research and development tax credits. Revenue starting by taking a set of credits. Mainstreet was some Success in his first yearCross the ARR operating threshold at a value of one million dollars and help the average customer save $ 51,000. In 2021, Mainstrett’s revenues crossed $ 15 million, For all the newsletter is not boring.

Signs of potential troubles appeared in 2022 at Mainstreeet It applies about 30 % of its employeesQuoted from “incredibly rough market”. In its prime in 2021, it was Mainstreet At a value of $ 500 million. It was said that the company was closed with funding in 2022 Rating 200 million dollars. (According to Pitchbook, the company raised $ 31 million in financing the Benture Series B project from Ventures Ventures, Ethos Fund and Sharbble Ventures in June).

What seemed to be the public budget for Mainstrett just before this acquisition, although Tinsley told Techcrunch in an interview that the company was profitable. In total, Mainstrett collected approximately $ 96 million in well -known investment capital such as Signalfire, Tusk Ventures, DHRUGE, Moxxie Ventures, Weekend Fund, Bradient Ventures, Sound and SV Angels.

A Mainstreet investor submitted the company to the employer, according to Tinsley. The Mainstreet team, which consists of 15 people, will join Promiques.com as part of the transaction, which includes about 500 employees in all its companies.

With the acquisition, the value of Promiceers.com is estimated at $ 700 million, Tinsley said.

The San Francisco -based company was recently in the shopping field.

In late 2024, the work site announced Get a seatStarting a VC accounting, leaving thousands of customers detained from their accounts after that SuddenlyIn the sale of fires. Last week, he conducted the bench A round of important workers’ demobilization. In January, the work site was I was offered to get levelStarting Fintech, which suddenly closed after failing to find a buyer but this deal did not pass.

He told Techcrunch in an interview: “When we originally started Porkinger.com and then we bought the bench, the comprehensive topic … mainly automates a comprehensive platform for the Guate of the Back Office of the Business.” Tinsley said that the purchase of Mainstrett is in line with this goal.

In late January, Tinsley and Labor were cooperating with YouTube Mrbeast and others to save Tiktok by submitting it View each application inscriptionAccording to a report In Bloomberg. It is not clear what happened to try to acquire alleged acquisition, although Tinsley is publicly certain In March, it was part of a $ 30 billion offer.