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The Uber that Never Was

This is going to be BIG.

Using the proliferation of newly GPS-enabled mobile devices to enable taxi hailing and beat out stagnant incumbent providers was always going to be a big win for consumers. Had it been built differently, it could have been a better company and honestly I’d like to believe maybe even a more valuable one in the long term.

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Monzo Makes Money Work For Everyone

Y Combinator

When Monzo launched in 2015, the big six banks in the UK had more than 85% market share. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Outperforming incumbents with modern experience and digital infrastructure. expectations. Their profit models.

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Expeto, a startup selling tools to manage private cellular networks, raises $13M

TechCrunch

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. ” Co-founded in 2015 by Terje Strand, Ryley MacKenzie and Brian Baird, with Anderson coming onboard in 2020, Expeto doesn’t sell cell service. “We plan to raise our next round of capital in the second half of 2024.

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Headless CMS platform Kontent secures new capital to grow its customer base

TechCrunch

Newly appointed CEO Bart Omlo says that the proceeds from Kontent’s first external investment will be put toward expanding the company’s marketing and sales teams, opening a new office in New York and supporting product development. The incumbent solutions were designed for on-premise, monolithic architecture.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

today closed a $30 million additional investment from Fidelity Management & Research Company with participation from Lip-Bu Tan (who’s joining the board) and previous investors, concluding the startup’s Series B. . After emerging from stealth in 2019, Sima.ai “I founded Sima.ai As over-100-employee Sima.ai

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Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA

TechCrunch

million as its first tranche of Series A investment. Other investors include Egyptian investment fund A15 and Dutch development bank FMO. “ Their market opportunity is also huge; Egypt’s transformation to a cashless society is being enabled by the unique products Paymob has built.” million Series A round.

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ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US

TechCrunch

faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad. That spells opportunity for companies that are enabling that adoption. The growth of e-commerce and other services on digital platforms has further spurred that trend.