TechCrunch

DECEMBER 15, 2021

To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. “It’s a huge market that is still controlled by incumbents charging extremely high interest rates, which makes it difficult for people to pay back their loans.

incumbents 80

incumbents startup financing finance 80

TechCrunch

SEPTEMBER 14, 2021

Taking the love of the Asian food they grew up with, they wanted to develop one of those brands for the U.S. “We My dad still eats instant ramen each night, and it is such a massive market: 4 billion packets are sold per year, but it is also a product that has been dominated by the same three incumbents for years.”.

incumbents 98

incumbents collaboration capital culture 98

TechCrunch

JUNE 29, 2022

According to a 2019 report from Credit Karma , 46% of taxpayers expected to get refunds of more than $1,000 for their 2019 taxes — meaning they were overestimating their income taxes throughout the year. ” Countless vendors offer online tax prep services, including incumbents like TurboTax and H&R Block.

incumbents 87

incumbents financing finance advice 87

TechCrunch

AUGUST 24, 2021

Cora , a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital. million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. million since its 2019 inception. Ribbit Capital leads $26.7M

incumbents 96

incumbents capital financing finance 96

TechCrunch

JUNE 8, 2022

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality — remains a growing opportunity, both to help fuel new business and to help incumbents get up to speed with their disruptors.

incumbents 87

incumbents financing finance technology 87

TechCrunch

DECEMBER 6, 2022

A number of vendors — both startups and well-established players — are actively developing and selling access to AI inferencing chips. And on the incumbent side, Google’s competing for dominance with its tensor processing units (TPUs) while Amazon’s betting on Inferentia.

accelerator 95

accelerator networking incumbents support 95

TechCrunch

DECEMBER 7, 2021

a company that has developed a precision fermentation technology to make animal-free proteins, like eggs, is having a good 2021. The investment was co-led by new investor, McWin, and existing investor, Rage Capital. It then went on to secure another $15 million in Series A funding and $40 million in Series B funding in 2019.

incumbents 99

incumbents enablement technology capital 99

TechCrunch

APRIL 26, 2022

Investors other than WeRide and Pony include Japan’s SPARX, Singapore’s Pilgrim Partners Asia, as well as government-affiliated funds Guangzhou Industrial Investment and Capital Operation, Lingnan Commerce and Trade Tourism, and Guangzhou Industrial Control. ”

transportation 90

transportation incumbents financing finance 90

TechCrunch

AUGUST 17, 2022

The Israeli startup provides software-based internet routing solutions to service providers to run them as virtualized services over “ white box ” generic architecture, and today it is announcing $262 million in equity funding to continue expanding its technology, its geographical footprint, and its business development.

networking 77

networking peer-to-peer incumbents innovation 77

TechCrunch

DECEMBER 20, 2021

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off the global financial grid, can be helped. on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19.

incumbents 94

incumbents communities capital networking 94

TechCrunch

FEBRUARY 10, 2021

So she teamed up with Dmitry Kashlev, a Russian immigrant, in January of 2019 to create a solution for other foreign-born individuals and young adults facing similar credit challenges. Backstage Capital founder Arlan Hamilton is one of the investors TomoCredit won over. “I Kim, who immigrated to the U.S.

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

JULY 19, 2021

Though he began in 2017, Adams, who has a background in sports technology, said he spent a few years working on prototypes before launching the first products in 2019. The company estimates it helped keep more than 2,000 pounds of food from being wasted and saved 250,000 gallons of water since launching in 2019.

incumbents 98

incumbents sustainability ventures investing 98

TechCrunch

MAY 11, 2022

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. In 2019, Barclays Bank and Bold Capital Partners co-led a $5.5 million Series A funding round for Crowdz.

financing 98

financing finance funders SaaS 98

TechCrunch

DECEMBER 10, 2021

Austin-based Maev , developing human-grade raw dog food, is poised to take a share of the raw food category, announcing today it raised $9 million in a round of funding led by Springdale Ventures. She worked at a startup as a product development manager, but ultimately left that behind to find a different calling. Image Credits: Maev

incumbents 89

incumbents innovation education ventures 89

TechCrunch

AUGUST 19, 2022

Godot, for the uninitiated, is a cross-platform game engine first released under an open source license back in 2014, though its initial development pre-dates that by several years. It’s basically a software framework that developers can use and reuse without having to redesign the wheel with each new game they create.

incumbents 100

incumbents communities support development 100

TechCrunch

JULY 13, 2021

Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds. They started Marco in 2019 and now have offices in New York, Dallas and across Latin America. International Development Finance Corp.

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support financing finance funders 100

TechCrunch

APRIL 28, 2021

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation. billion ($1.8

incumbents 102

incumbents financing finance strategy 102

TechCrunch

MAY 11, 2021

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. And they said ‘if we’re going to help develop your business into something very significant, we’d like to have skin in the game.’ ”.

collaboration 95

collaboration incumbents networking disruption 95

TechCrunch

MAY 3, 2023

Signaling that investments in the supply chain sector remain robust, Pando , a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million. billion in 2019. Pando isn’t the only vendor doing this.

investing 100

investing investment startup transportation 100

TechCrunch

JUNE 5, 2022

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. It will also be working to develop a BNPL product for businesses and instant fund disbursement products. What does this mean for digital banks as a whole?

incumbents 96

incumbents financing finance pitching 96

TechCrunch

JANUARY 26, 2022

It plans to use the money to continue investing in its technology stack, to step up with more business development, and to hire more talent for its team, to meet what it believes are changing tides in the world of data warehousing. billion valuation. “We rarely see people not liking Snowflake. They need options.”

startup 87

startup incumbents capital ventures 87

TechCrunch

MARCH 15, 2022

But with more and more business processes moving online, online job search is the gift that keeps on giving, and so today comes news of another portal in the space raising a big round to take on the incumbents in the space with more innovative and accurate technology. This will also pave the way for how the product will develop in the future.

incumbents 74

incumbents education innovation VC 74

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. Accel actually invested in Galileo before it sold to SoFi in October of 2019. ).

incumbents 96

incumbents financing finance technology 96

TechCrunch

AUGUST 29, 2022

However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. Amplify was another payment platform that launched during that period. Adeyemi launched the fintech with Olamide Sobowale and Gbekeloluwa Olufotebi.

startup 93

startup incumbents financing finance 93

TechCrunch

JUNE 17, 2021

Silicon Valley-based Accel led the round for Unit, bringing the company’s total raised since its 2019 inception to nearly $70 million. Founders and developers can try it out by creating a free account, building in Unit’s live environment and testing their products using real funds. Unit raises $18.6M

incumbents 89

incumbents financing finance accelerator 89

TechCrunch

SEPTEMBER 16, 2021

Tile , the maker of Bluetooth-powered lost item finder beacons and, more recently, a staunch Apple critic , announced today it has raised $40 million in non-dilutive debt financing from Capital IP. Tile’s last round of funding was $45 million in growth equity in 2019. Image Credits: Tile internal concept art.

mix-use 99

mix-use incumbents networking financing 99

TechCrunch

JULY 6, 2021

Co-founded in 2019 by a trio of former insurance industry executives, Super.mx’s self-proclaimed mission is to design insurance for “the emerging Latin American middle class,” according to CEO Sebastian Villarreal. Like the US, a two-tier venture capital market is emerging in Latin America. million in a Series A round led by ALLVP.

health 98

health incumbents culture venture capital 98

TechCrunch

SEPTEMBER 15, 2021

It developed payments APIs to automate end-to-end insurance payments and to offer a buy now, pay later financing option for distribution of commissions and carrier payables, something co-founder and co-CEO Andrew Wynn, said was rather unique to commercial insurance. Ascend on Wednesday announced a $5.5 Ascend app.

financing 83

financing finance incumbents disruption 83

TechCrunch

JANUARY 22, 2023

Snafus can happen even when incumbents and fintechs partner. Chief corporate development and strategy officer Greg Orenstein will move into its CFO seat.” The relationship between incumbents and upstarts has long been a complicated one. billion in working capital loans.

incumbents 105

incumbents media ventures financing 105

TechCrunch

NOVEMBER 13, 2022

It was a startling development in the world of crypto, and while I don’t cover the space directly, I couldn’t help but be fascinated by the goings-on — and not in a good way. The digital bank has seen some success since launching in Nigeria in 2019. Quona Capital sinking $332M into startups focused on financial inclusion.

real estate 97

real estate incumbents mix-use financing 97

TechCrunch

OCTOBER 26, 2022

The cloud-native market has seen the introduction of a range of open source DevOps tools — tools that combine software development and IT operations — built to address very specific use cases. ” Devtron raises fresh capital for its cloud DevOps platform by Kyle Wiggers originally published on TechCrunch.

capital 73

capital incumbents enablement disruption 73

TechCrunch

JANUARY 28, 2021

Last year brought a flurry of record-breaking venture capital to the sector. billion in 2019. billion in venture capital across 265 deals during 2020, compared to $1.32 The evolution of post-pandemic education will be complex, if not aggressively competitive among the growing cohort of well-capitalized edtech companies.

education 134

education venture capital ventures opportunity 134

TechCrunch

JANUARY 15, 2023

Vouch hopes to leverage Level’s expertise in developing underwriting technologies to underwrite and support complex insurance products. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”.

incumbents 117

incumbents energy board investing 117

TechCrunch

APRIL 3, 2022

It’s another example of an incumbent recognizing that it makes more sense to buy a company that has developed technology that it wants rather than building it out itself – a process that would take far longer and require more resources than a simple acquisition would. “We And of course, by Q3, it had plunged to just 13.

startup 110

startup financing finance incumbents 110

TechCrunch

MARCH 30, 2023

payments landscape is currently dominated by legacy and new-age incumbents, and we know competition would ultimately deliver better outcomes for consumers. Close partnership with our merchants to develop solutions together is of the utmost importance to us. While we’ve grown a lot in APAC and EMEA, the U.S.

innovation 86

innovation incumbents frameworks support 86

TechCrunch

MAY 12, 2022

In the latest development on this theme, a UK startup called Token.io In the latest development on this theme, a UK startup called Token.io The company is not disclosing valuation but CEO Todd Clyde confirmed it was up compared to its previous financing. “Aggregation is a key value proposition for us,” he said.

incumbents 81

incumbents financing finance innovation 81

TechCrunch

NOVEMBER 12, 2022

The antitrust bills, if passed, could significantly restrict the ability of Amazon, Meta, Microsoft and other tech incumbents to acquire and punish rivals to boost their own products and services. billion in 2019, according to the U.S. Quona Capital sinking $332M into startups focused on financial inclusion. Let AI generate it.

startup 83

startup VC incumbents frameworks 83