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Monzo Makes Money Work For Everyone

Y Combinator

When Monzo launched in 2015, the big six banks in the UK had more than 85% market share. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Outperforming incumbents with modern experience and digital infrastructure. expectations. Their profit models.

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Headless CMS platform Kontent secures new capital to grow its customer base

TechCrunch

Newly appointed CEO Bart Omlo says that the proceeds from Kontent’s first external investment will be put toward expanding the company’s marketing and sales teams, opening a new office in New York and supporting product development. The incumbent solutions were designed for on-premise, monolithic architecture.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

today closed a $30 million additional investment from Fidelity Management & Research Company with participation from Lip-Bu Tan (who’s joining the board) and previous investors, concluding the startup’s Series B. . After emerging from stealth in 2019, Sima.ai “I founded Sima.ai As over-100-employee Sima.ai

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The EVERY Co. grabs $175M as it cracks code on animal-free protein products

TechCrunch

First the company, formerly known as Clara Foods, secured a deal in April with BioBrew , an investment of AB InBev’s investment arm, ZX Ventures, to brew its animal-free protein at scale. The investment was co-led by new investor, McWin, and existing investor, Rage Capital. We profiled the company back in 2015 when it raised $1.7

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Gophr, the U.K. last-mile delivery company, picks up £4M funding

TechCrunch

-based last-mile delivery provider, has raised £4 million in funding, as it looks to invest in its product off the back of 300% revenue growth during the last 12 months. The company had previously raised £1 million in two rounds, including £500,000 from publicly-listed Auctus Alternative Investments. I don’t see how the incumbent U.K.

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So much fintech M&A

TechCrunch

On Friday, January 13, investment giant BlackRock announced it was acquiring a minority stake in SMB 401(k) provider startup Human Interest. For one, as one source told me, BlackRock’s investment is a show of faith in the SMB 401(k) market — one where the firm hasn’t historically played. Consolidation everywhere.

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Monzo Makes Money Work For Everyone

Y Combinator

When Monzo launched in 2015, the big six banks in the UK had more than 85% market share. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. In comparison, most incumbents were pushing updates on a quarterly or annual basis.