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Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

Fintechs could see $100 billion of liquidity in 2021. Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

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Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

TechCrunch

Will Apple’s spectacular iPhone 12 sales figures boost the smartphone industry in 2021? Even though “Apple’s success this quarter was kind of a perfect storm,” writes Hardware Editor Brian Heater , “it’s safe to project a rebound for the industry at large in 2021.”

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TechCrunch+ roundup: Alternative financing, Web3 adoption, India’s hot Q3 fundraising

TechCrunch

In conversation with reporter Taylor Hatmaker, Rubin said NFTs show that individuals can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading are more commercialized forms. Besides traditional VC, crowdfunding, venture banks and venture debt funds are all viable options.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory. Notably, it only went live in January of 2021, so it has managed to surpass 1 million customers in a relatively short period of time. It’s hard to make reactive, intelligent products with that.” .

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With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back

TechCrunch

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. In 2021, NorthOne replatformed the company with a new banking partner, The Bancorp Bank, N.A, The financing brings NorthOne’s fundraising total to $90.3 an investment that it says has paid off.

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Why fintechs are buying up legacy financial services companies

TechCrunch

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. The deal closed in February 2021 , leading to a very quick and surprising second-quarter profit.

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Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

TechCrunch

Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. According to the founders, Sylndr also plans on providing seven-day money back guarantee, warranty and availing flexible financing options to users.