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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

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. Put simply, Crowdz started out by giving small and medium-sized businesses a way to sell invoices for financing to funders.

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End-to-end operators are the next generation of consumer business

TechCrunch

The key purpose of being end-to-end is to deliver an even better value proposition to consumers relative to incumbent alternatives. Back in 2014, Chris Dixon wrote a bit about this phenomenon in his post on “ Full stack startups.” The end-to-end approach makes the most sense when disrupting very large markets.

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Polly snags $37M in Menlo-led Series B to automate workflows for mortgage lenders

TechCrunch

The latest financing brings the San Francisco-based startup’s total funding raised to $50 million. Carmel previously founded Ethos Lending (which sold to Fenway Summers in 2014 ) and it was that experience that helped him conclude there were serious gaps in the market for automating workflows for lenders.

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The Rising Stakes in SaaS

Tomasz Tunguz

Venture capitalists have financed many of those businesses. Over that 20 year period, annual SaaS investment has increased 20x, peaking in 2014 at $7B. Those venture dollars have financed a panoply of competition. Incumbent client/server technologies have lost their market dominance to new incumbents.

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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

Drew Durbin and Lincoln Quirk founded Sendwave in 2014 to offer little or no fee remittances from North America and Europe to select African and Asian countries. ” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. The CEO is Guru Hariharan, who you might remember from retail analytics company Boomerang Commerce , a Startup Battlefield finalist in 2014.

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Kuda raises $25M more led by Valar to become the neobank for ‘every African on the planet’

TechCrunch

Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. These will typically be at incumbent banks, but they do not offer the same ranges of services to customers.