TechCrunch

OCTOBER 21, 2021

Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. The startup was founded earlier this year to build a fintech-as-a-service platform for Latin America.

financing 96

financing finance incumbents venture capital 96

TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

incumbents 106

incumbents consulting SaaS disruption 106

TechCrunch

JUNE 9, 2022

Larger banks and other financial service providers are getting a lot more serious when it comes to competing with upstarts that are disrupting their businesses with fresher approaches and newer technologies. We want to be closer to companies’ larger digital transformation programs.”

incumbents 78

incumbents leadership disruption strategy 78

TechCrunch

MAY 25, 2022

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. He has a deep history of investing in deep tech startups that have gone on to disrupt industries across AI, data, semiconductors, among others.”

startup 95

startup accelerator incumbents disruption 95

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

AUGUST 4, 2022

The financing marks the company’s first ever institutional funding. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs. Endeavor Catalyst also participated in the financing.

startup 84

startup incumbents financing finance 84

TechCrunch

JUNE 3, 2022

Entrepreneurs saw this as an opportunity to disrupt incumbents, and soon there were lofty claims that everything about the industry was about to change. Many like to refute the underlying disruption by pointing to public valuations of insurtech firms, some of which are down as much as 85%-90%.

incumbents 93

incumbents disruption pitching technology 93

TechCrunch

JUNE 9, 2022

Klar experienced a “7x” year-over-year increase in revenue and 4x bump in transaction volume over the same time period, according to Klar co-founder and CEO Stefan Möller. General Atlantic doubled down on Klar , leading its latest financing in addition to its $70 million Series B last July. Also over the past 12 months, Klar added 1.4

incumbents 97

incumbents opportunity financing finance 97

TechCrunch

SEPTEMBER 7, 2021

Four big-name backers jointly led the round — Sequoia Heritage, a private investment fund and a subsidiary of Sequoia; Founders Fund; payments upstart Stripe; and Ribbit Capital. ” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents.

investing 124

investing investment incumbents networking 124

Both Sides of the Table

FEBRUARY 13, 2011

Revolution is a “stage agnostic&# fund (means they invest early or late) funded entirely by Steve Case , the founder of AOL and co-founded by two other individuals, Tige Savage (yes, pronounced like the golfer, minus the “r&# ) and Donn Davis. So it was wonderful to hear from a leading venture capital firm based in Washington DC.

founder 277

founder venture capital media strategy 277

TechCrunch

FEBRUARY 2, 2022

Other backers include Global Founders Capital and a number of high-profile angel investors, such as GGV Managing Partner Hans Tung, ALLVP Partner Antonia Rojas and LaHaus founders Jeronimo Uribe and Tomas Uribe, among others. It also plans to soon offer embedded finance products. So, just how does it work?

enablement 97

enablement startup incumbents transportation 97

TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. Wynn started the company in January 2021 with his co-founder Praveen Chekuri after working together at Instacart. Ascend on Wednesday announced a $5.5 This is the first funding for the company that is live in 20 states.

financing 83

financing finance incumbents disruption 83

Both Sides of the Table

MAY 17, 2017

I’ve been involved with several startups where a giant incumbent attacks you and tries to sue you out of existence. Every time I’ve been in this situation, I’ve talked with founders and said the simplest line, “We finally know we’re winning.” The first instinct is fear, then dread, then panic. And what prompted this lawsuit?

funders 254

funders innovation disruption incumbents 254

TechCrunch

FEBRUARY 21, 2022

Experts say Africa is poised to be disrupted by web3 in a similar fashion that has seen Southeast Asia become one of the best markets for web3. According to James Zhang, its co-founder and CEO, Jambo wants to onboard millions of users to web3 in Africa through its applications. James Zhang (co-founder and CEO, Jambo).

education 96

education incumbents mix-use media 96

TechCrunch

JULY 12, 2022

With a large population, Pakistan is geographically smaller, well-connected with fewer provinces, has lower regulatory barriers and doesn’t have strong incumbents,” Khurshid, who is originally from Pakistan, said via email. Catherine Shu reported on C2 Ventures ’ second $20 million fund targeting startups disrupting legacy industries.

venture capital 92

venture capital VC capital ventures 92

TechCrunch

JANUARY 7, 2021

CEO and co-founder Eugene Danilkis said it will be using the money to expand deeper in the 50 markets where it is already active, as well as focus more on specific regions like South America and Asia. The funding gives Mambu a post-money valuation of €1.7 billion (just over $2 billion at today’s rates), the company has confirmed.

SaaS 126

SaaS incumbents opportunity disruption 126

Y Combinator

DECEMBER 8, 2021

Monzo’s culture of customer obsession allowed it to use the crisis to thoughtfully build a beloved consumer and SMB product that has changed personal finance in the UK. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. This did not happen by magic.

peer-to-peer 40

peer-to-peer incumbents financing finance 40

TechCrunch

MARCH 18, 2022

faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad. PitchBook notes that as of the end of December, ClearBank’s valuation was just under £274 million, which likely puts the current valuation at $590 million at its most conservative estimate.

incumbents 79

incumbents enablement disruption innovation 79

TechCrunch

FEBRUARY 19, 2021

Here’s who we interviewed: Clara Brenner , co-founder and managing partner, Urban Innovation Fund. Rachel Holt , co-founder and general partner, Construct Capital. David Lawee , founder and general partner, CapitalG. Clara Brenner, co-founder and managing partner, Urban Innovation Fund. Dave Clark , partner, Expa.

transportation 119

transportation innovation accelerator construction 119

TechCrunch

JUNE 14, 2021

Brazil’s banking system is a massive market, and one ill-served by incumbents. Yet, it’s a startup with a CEO and co-founder who isn’t Brazilian, didn’t speak the local language of Portuguese, hadn’t started a company before, and didn’t really know a lot about banking to begin with. and for credit card indebtedness it was 272.42%.”

incumbents 99

incumbents pitching strategy disruption 99

TechCrunch

MAY 11, 2021

A number of fintechs have popped up as of late aiming to disrupt the traditional model of evaluating an individual’s creditworthiness. 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. Spring Labs is one of them.

collaboration 95

collaboration incumbents networking disruption 95

TechCrunch

JULY 25, 2022

Doug Petkanics is the co-founder and CEO of Livepeer , an open video infrastructure for livestreaming. It’s been on the lips of a growing number of investors on the hunt for disruptive opportunities blockchain-based technologies can offer. Blockchain is at its most powerfully disruptive when it supplies the missing link.

frameworks 91

frameworks founder incumbents disruption 91

TechCrunch

JANUARY 16, 2021

Some people are more excited by emerging areas like artificial intelligence, which has been a focus of the country’s military for years, and like cybersecurity is now producing many fresh teams of founders. At Qumra, we get excited about companies that disrupt traditional industries while doing good and improving quality of life.

startup 141

startup mix-use SaaS advice 141

TechCrunch

SEPTEMBER 18, 2022

So I talked to Varo CEO and founder Colin Walsh to find out if it was worth it. This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. FIS has launched Worldpay for Platforms, an embedded finance solution aimed at SMBs.

real estate 82

real estate incumbents opportunity founder 82

TechCrunch

AUGUST 7, 2022

has a legacy, centralized financial infrastructure that needs to be disrupted and re-imagined by fintechs with blockchain technology. ” Also in the report: “Exits have also stalled as IPO activity grinds to a halt, and analysts expect fintech startups will attract the attention of incumbents looking for M&A opportunities.”

real estate 106

real estate VC mix-use opportunity 106

Y Combinator

APRIL 26, 2021

Business credit is traditionally underwritten based on the founders’ FICO scores. As international founders with less than a month of credit history, their chances of getting approved were slim to none, despite having $125K in the bank. Brex gave startup founders a daily view into the month’s cumulative expenses (vs.

incumbents 124

incumbents financing finance enablement 124

TechCrunch

NOVEMBER 12, 2020

Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development. Asked what the upside of the Wirecard acquisition was, the Railsbank founder says it helps maintain an orderly market in the U.K.

incumbents 115

incumbents disruption pitching VC 115

Tomasz Tunguz

APRIL 1, 2013

Founders/Team: How do the founders know each other? What kinds of moves are the incumbents making and how they change the market? How might a startup disrupt this market? I look up the founders on LinkedIn, send a few emails for references and then wait to hear back on some initial reference calls. First meeting.

VC 41

VC startup pitching incumbents 41

TechCrunch

JULY 13, 2022

It was led by Stripe, Sequoia Heritage, Founders Fund and Ribbit Capital. The company is disrupting the mobile money industry dominated by banks and telcos with its app-based solution, cheaper fees and QR-based tech. The firm, run by Drew Durbin and Lincoln Quirk, was valued at $1.7

incumbents 98

incumbents disruption capital venture capital 98