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 22, 2022

For an industry that constantly innovates, evolves and adapts, the reticence to embrace automation is frustrating, but ultimately, unsurprising. As incumbent banks embraced startups, investors leaned into novel ways to reduce friction and improve accuracy, increasing annual mortgage origination by nearly 40% compared to the last decade.

incumbents 92

incumbents founder frameworks opportunity 92

TechCrunch

DECEMBER 6, 2022

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. Demonstrating that there’s investor appetite for upstarts in the market, Expeto this week closed a $13 million Series B round led by Sorenson Capital with participation from 5G Open Innovation Lab, Samsung Next and Mistral Venture Partners.

networking 88

networking startup incumbents energy 88

TechCrunch

AUGUST 17, 2022

While other solution providers are facing challenging headwinds, DriveNets continues to innovate and execute on its vision to change the future of the networking market.”. “We have seen in the past couple of years some of the incumbent networking vendors starting to adopt our model,” said Susan.

networking 77

networking peer-to-peer incumbents innovation 77

TechCrunch

SEPTEMBER 1, 2022

Innovation continues to drive new developments in lending, payments, crypto and, in particular, infrastructure, showing that the industry still has lots of room for growth. Over the years, infrastructure has enabled fintech companies and non-financial services companies alike to seamlessly integrate financial products into their platforms.

incumbents 92

incumbents opportunity enablement innovation 92

TechCrunch

JANUARY 22, 2021

As consumers grew more comfortable with the web, marketplaces like eBay, Etsy, Expedia and Wayfair* emerged, enabling historically offline transactions to occur online. The key purpose of being end-to-end is to deliver an even better value proposition to consumers relative to incumbent alternatives.

real estate 144

real estate incumbents health disruption 144

TechCrunch

JUNE 22, 2022

The models of these B2B companies mirror their retail e-commerce counterparts such as Wasoko and TradeDepot, as they use tech-enabled solutions to digitize medicine distribution to underserved pharmacies, drug shops, clinics, and hospitals. As such, their growth has been rapid, Salient says.

investing 114

investing investment health startup 114

American Entrepreneurship

MAY 18, 2023

Quilt’s design enables room-by-room control, creating precise climate zones throughout the home while eliminating the need for traditional furnaces and ductwork. However, most heat pump systems today are more difficult to use than their more mature fossil incumbents. Its mission is to move humanity off fossil fuel heating.

capital 52

capital ventures investing investment 52

Andreessen Horowitz

OCTOBER 12, 2023

As Paul Uhrig, Chief Legal and Digital Health Officer of Bassett Healthcare Network and Executive Director of Bassett Innovation Center told us, “if we can get the ultimate user excited and to be champions about this, that I found to be very much the winning strategy.”

incumbents 101

incumbents health frameworks strategy 101

TechCrunch

AUGUST 11, 2021

We see an emphasis on young founders (“40 Under 40”), innovative ideas and disruptive challenges to legacy brands, incumbent companies and “old” ways of thinking. The technology industry is often thought of as being the domain of the young and the new.

incumbents 101

incumbents peer-to-peer strategy disruption 101

American Entrepreneurship

SEPTEMBER 22, 2023

“Investors are putting a premium on growth in the context of profitability, and we’re growing exceptionally fast because we’re able to profitably serve customers who aren’t being well served by incumbents,” said Sean Harper, CEO of Kin.

financing 52

financing finance incumbents entrepreneurship 52

Andreessen Horowitz

MARCH 20, 2024

What are the advances that you anticipate seeing that are going to sort of change the way people interact with these, [and] enable new kinds of products being built? We think a ton of innovation is going to come from these companies. You know, incumbents versus startups. And they have distribution, so they should be the winners.

incumbents 139

incumbents networking technology creativity 139

TechCrunch

AUGUST 4, 2022

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. Indeed, customers include large financial institutions, fintechs, retailers and software companies, among others.

startup 84

startup incumbents financing finance 84

TechCrunch

MARCH 18, 2022

But ClearBank’s existence underscores one of the untold truths amid all of that innovation: many of these new services have been built on top of legacy infrastructure. faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad.

incumbents 79

incumbents enablement disruption innovation 79

TechCrunch

FEBRUARY 28, 2022

While many lament government regulation as an infringement on innovation, I believe increased scrutiny is a net positive for the future of the software industry. anti-competitive practices that stifled innovation, as was the case with AT&T, IBM, Microsoft and today’s tech titans) rather than how their software operated.

incumbents 89

incumbents innovation technology capital 89

TechCrunch

APRIL 20, 2023

In other words, it wants to invest in early-stage fintech and enabling technology companies “where opportunities for early partnerships with financial incumbents exist.” And that’s ultimately the insight that we built a thesis on,” said Fitzgerald. It aims to help startups there partner, expand and commercialize in the U.S.

ventures 76

ventures incumbents startup VC 76

Andreessen Horowitz

OCTOBER 16, 2023

For example, a sense of needing to keep up with these technology advancements from leadership can be translated down to a VP of Consumer Finance who needs to grow a consumer banking app while battling fintech upstarts and who may be thinking about using AI products to do so–which your product could help enable.

frameworks 102

frameworks incumbents leadership advice 102

AsiaTechDaily

OCTOBER 15, 2022

The Series B extension financing round was anchored by SIG Venture Capital and backed by CE Innovation Capital and PayU, the payments and fintech business of Prosus. In a statement, the startup said it the fresh capital will enable it to continue building out a leadership team and to invest in product and technology development.

incumbents 59

incumbents startup financing finance 59

TechCrunch

JANUARY 11, 2022

Incumbents tend to be more wary of adapting new business models and gaming is no different. Interestingly enough, at the time of writing (Nov 14) MIR4, a crypto-enabled MMORPG on Steam, is running at 88,000 concurrent users. Anton Backman, principal, and Kenrick Drijkoningen, general partner, Play Ventures.

opportunity 97

opportunity incumbents advice strategy 97

TechCrunch

JULY 13, 2021

It’s a gap Marco Financial is looking to bridge through its tech-enabled risk assessment platform that can provide better insight on who should receive loans. Marco’s factoring product enables new companies to get started without having to put up the significant amount of collateral that banks are asking.

support 100

support financing finance funders 100

Tomasz Tunguz

MARCH 1, 2021

Let’s talk about the innovation and then the implications. The architecture enables SaaS companies to reimagine the largest categories of software and rebuild them to challenge the incumbents. This may be the next shift. Data arrives from various systems, is transformed, and stored in Snowflake.

SaaS 145

SaaS incumbents board accelerator 145

TechCrunch

DECEMBER 7, 2020

. “We sell more policies to first-time insurance buyers in Germany than incumbents like Allianz, Axa, Zurich, etc,” he says. Asked why Getsafe is moving to its own insurance license, Wiens says it will enable the insurtech to innovate with new products faster.

incumbents 103

incumbents startup pitching innovation 103

TechCrunch

AUGUST 3, 2021

So, by stepping up, we enable ourselves to go into more generous funds as well as tech funds [that] have a minimum bar. The one thing I would say about Draper Esprit is that we are trying to be innovative. funds with an angle on technology. And should we now expect to see Draper Esprit raise more capital per annum?

VC 102

VC venture capital incumbents capital 102

TechCrunch

JULY 26, 2021

However, whenever a business tried to connect existing banking systems, fintechs and cryptocurrency innovators, as it built and scale, would always run into technology and compliance issues, Karkal said. Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions.

development 103

development real estate incumbents ventures 103

TechCrunch

NOVEMBER 30, 2022

“Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. “With education and innovation, we look forward to bringing best-in-class ‘consumerized’ tools to the finance department.”

economic environments 86

economic environments incumbents financing finance 86

TechCrunch

MAY 25, 2022

“The funding will be used to accelerate scaling of the engineering and business teams globally, and to continue investing in both hardware and software innovation,” founder and CEO Krishna Rangasayee told TechCrunch in an email interview. It brings Sima.ia’s total capital raised to $150 million. As over-100-employee Sima.ai

startup 95

startup accelerator incumbents disruption 95

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. We’ve launched five products in recent months and have a strong pipeline planned as we continue to innovate to better serve our merchants. How many employees do you have?

innovation 86

innovation incumbents frameworks support 86

TechCrunch

DECEMBER 14, 2022

“As many businesses are coming out of the pandemic with a new affinity for hybrid and remote work, modern technologies that can best enable the secure and efficient delivery and management of digital workspaces are in high demand.” . “The market timing for this investment is ideal,” he added.

incumbents 90

incumbents disruption board enablement 90

TechCrunch

NOVEMBER 2, 2022

. “With the capital, we will continue to focus on engagement and adoption, collaboration, governance, lineage, and on APIs and SDKs to enable us to be open and extensible,” Sangani said via email. ” According to IDC, the data integration and intelligence software market is valued at more than $7.9

incumbents 86

incumbents collaboration enablement leadership 86

TechCrunch

JANUARY 27, 2022

With their new capital, the duo hopes to advance on their mission “to enable a seamless, transparent experience for financial institutions and their customers through an intelligent, opinionated and intuitive workflow platform.” ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

peer-to-peer 97

peer-to-peer incumbents financing finance 97

TechCrunch

NOVEMBER 11, 2021

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. Root started off with the premise that many barriers, including compliance and capital, prevented software developers and businesses from building and innovating around insurance.

incumbents 86

incumbents innovation development venture capital 86

TechCrunch

APRIL 8, 2021

While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. “ 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.

incumbents 98

incumbents startup ecosystem financing finance 98

Both Sides of the Table

MAY 4, 2015

Innovation. Most customers won’t drive more than a few miles to a self storage unit making the incumbents essentially local retail businesses. It is the classic “innovator’s dilemma” and we know how that ends. How valuable are these legacy businesses? And they have. The value prop is pretty clear.

real estate 364

real estate startup disruption incumbents 364

TechCrunch

DECEMBER 6, 2022

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

accelerator 95

accelerator networking incumbents support 95

Tomasz Tunguz

DECEMBER 18, 2019

The direct listing enables them to go public without raising capital. And incumbents desire as much of that as possible for themselves. The ecosystem continues to innovate but the second killer app (currency being the first), hasn't yet been found. The M&A market continues to surge. BTC/USD prices are down 30% at least.

incumbents 61

incumbents SaaS sustainability collaboration 61

TechCrunch

JULY 13, 2022

has been a first mover and innovator in the space.” On the developer side, customers can integrate Kontent with other apps and technologies through APIs and “flexible content models,” enabling control over the structure of content and how it’s delivered to websites and apps. . “Kontent.ai

capital 79

capital incumbents frameworks development 79

TechCrunch

FEBRUARY 7, 2023

In a recent survey by Zapier — not the most unbiased source, granted, given that the company sells automation software — about 44% of employees say that automation saves them time while almost a third (33%) say it enables them to accomplish more with fewer resources. After all, Jiffy.ai

incumbents 92

incumbents support SaaS pitching 92