Remove 2013 Remove financing Remove incumbents Remove pitching
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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” 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?”. billion, had cut 10% of its staff. I did, too.

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How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

TechCrunch

Instead, the challenge was how to rebuild the concept of a bank in a country where banking is widely hated, all while the incumbents heavily entrenched with the state worked to block every move. But years would pass and Velez still had no idea what he wanted to do.

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The Interchange: Venture’s mixed signals

TechCrunch

Then the next, I open my inbox to see pitches for nine-figure funding rounds (hello, SpotOn ) and the birth of new unicorns (looking at you, Unit ). The drama between Plaid and Stripe continued this week with the former announcing an expansion outside its core offering of account linking for the first time since its 2013 inception.

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Extra Crunch roundup: Fintech stays hot, Brex doubles, and startup IRR is up all over

TechCrunch

The data is based on a sample of 2,500 companies that have used AngelList to syndicate deals from 2013 through 2020. Mix in the impending SPAC-led debut of eToro, general bullishness in the cryptocurrency space, record highs for some equities markets, and recent rounds from Public.com, M1 Finance and U.K.-based But will it?

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