TechCrunch

SEPTEMBER 7, 2021

The International Monetary Fund says that as of 2017, only 43% of adults in sub-Saharan Africa were “banked” by way of a traditional bank or mobile money account. ” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents.

investment

TechCrunch

FEBRUARY 1, 2022

We were bullish on fintech when we launched the Matrix Fintech Index in 2017, but even we underestimated the magnitude of the growth to come. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

incumbents

TechCrunch

FEBRUARY 3, 2022

Since its 2017 inception, Mos has opened access to a pool of over $160 billion in financial aid to the more than 400,000 students within its community. We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,”

incumbents

Haystack

JULY 20, 2018

More recently, this trend has shifted a bit within the Bay Area, which today’s giants like Uber, Airbnb, and Stripe being built in San Francisco proper while incumbents down south have begun scooping up premium commercial real estate in the city. Over the past two years, however, I’ve felt that something is out of balance.

investment

TechCrunch

SEPTEMBER 8, 2022

And as financial services proliferate across Nigeria and the rest of Africa just like the rest of the world, it’s logical that upstarts offering neobank and embedded finance services rely on BaaS platforms such as Anchor — a startup in this batch — to launch quickly.

startup

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. The company has raised £175 million ($230 million at today’s conversion rates), from a single investor, the PE firm Apax Partners. ClearBank describes itself as the first clearing bank to have launched in the U.K.

incumbents

Entrepreneur's Handbook

APRIL 25, 2022

My journey and how I came to this decision My journey into crypto began in 2017. I ended up taking a job at a SaaS startup called Troops after graduating, but I had already been orange-pilled back in 2017. 2017 versus 2020: Live Use Cases Everything was looking very different from the 2017 bull market. The 2020 Effect?—?Institutional

real estate

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

TechCrunch

OCTOBER 1, 2021

In conversation with reporter Taylor Hatmaker, Rubin said NFTs show that individuals can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading are more commercialized forms. Successful startups will inevitably draw the attention of powerful incumbents in their industry,” he writes for TechCrunch+.

financing

TechCrunch

AUGUST 12, 2021

The latest financing officially makes the Salt Lake City, Utah-based provider of crypto tax and accounting software a unicor n, with a valuation of $1.33 It also brings the startup’s total raised to $230 million since brothers Austin and Justin Woodward founded the company with their cousin Brandon Woodward in 2017.

data analysis

TechCrunch

APRIL 7, 2021

The challenger bank was created to target millennials dissatisfied with the incumbent banking options. With this acquisition, that lens will be expanded with data, such as a deposit customer’s cash flow, how they manage their finances and whether they pay their bills on time. . million consumers to $7.5

incumbents

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

TechCrunch

OCTOBER 13, 2022

Founded out of London in 2017, Zen Educate is setting out to supplant the traditional approach to recruiting teachers, a system that typically involves third-party agencies and hefty fees. government’s own reported school financing data, and established that schools spend around £2 billion ($2.2 Show me the money.

education

TechCrunch

MAY 1, 2021

Back in July of 2017, I wrote a piece noting that their aggregate value had reached the $3 trillion mark. Myles Udland , a reporter at our sister publication Yahoo Finance, has at least part of the puzzle in a piece he wrote this week. That’s around $8.4 trillion for the five companies. That became $4 trillion in mid-2018. Fair enough.

incumbents

TechCrunch

SEPTEMBER 13, 2021

It also helps the finance team understand expenses, including which are valid and those that are not.”. Whatley started the company in 2017 with his brother, Daniel, Stuart Kennedy and Nikki McNeil while a Harvard undergrad. By allocating resources the right way, companies typically see a 10% boost in sales as a result.”.

startup

TechCrunch

NOVEMBER 2, 2020

Insurance is a huge industry, with McKinsey estimating back in 2017 premiums of more than €4 trillion globally. Tim Holliday, a founding employee who is now the chairman, has been integral also to understanding what the company can use tech to tackle in terms of incumbency: he has a longstanding record as an executive in the industry.

incumbents

TechCrunch

MARCH 2, 2022

million in debt and grant financing from BPI France , the French government’s public investment bank. My father died in 2017 after he had a heart issue in Benin and could not be saved. The equity raise saw participation mainly from angel investors, as the company also raised $1.2 That’s where Susu tends to be different.

health

Tomasz Tunguz

FEBRUARY 10, 2018

More than 30% of the initial coin offerings (ICO) in 2017 target developers and businesspeople with their products. B2B crypto companies raised about $400M of ICO dollars in 2017. Workflows for sales, marketing, product and finance. In fact, many founders have already started that pursuit. The numbers are still small.

SaaS

TechCrunch

OCTOBER 27, 2021

But it feels like we have written far less about fintechs that exist solely to help the incumbents better compete with fintechs. The latest financing brings Extend’s total raised since its 2017 inception to $55 million. . We help the incumbents close the gap relative to those players.”. Extend is one such company.

incumbents