article thumbnail

My First 16: Competing in a Crowd of Incumbents with Mercury’s Immad Akhund

Andreessen Horowitz

In this episode, a16z partner Seema Amble talks with co-founder and CEO of Mercury Immad Akhund about the idea of a minimum delightful product in fintech, doing the spreadsheet math on unit economics early on, and how to compete in a category already filled with incumbents. and I wanted to be able to support people like me.

article thumbnail

Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

Participants will also be provided “strategic” support in the form of potential contracts with Booz Allen customers. As of 2020, HorizonX, which was founded in 2017, had made just 25 investments — all less than $10 million. Defense-focused startups angling for government contracts need all the help they can get.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK challenger bank Starling raises $376M, now valued at $1.9B

TechCrunch

Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth. Starling, founded in 2017, has now passed 2 million accounts, with 300,000 business accounts among them. billion) post-money. The bank is already profitable.

article thumbnail

CoreWeave, a GPU-focused cloud compute provider, lands $221M investment

TechCrunch

The tranche, which values CoreWeave at $2 billion pre-money and brings the company’s total raised to $371 million, will be used to support CoreWeave’s U.S.-based CoreWeave was founded in 2017 by Intrator, Brian Venturo and Brannin McBee to address what they saw as “a void” in the cloud market. billion and $26.28

article thumbnail

Amira Yahyaoui wants Mos to be a ‘radical’ fintech startup

TechCrunch

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.,” ”

article thumbnail

EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

TechCrunch

The company was founded in 2018 by Christopher May and Henrik Ebbing, but both had previously worked together at McKinsey and started working in blockchain in 2017. ” “Being in the European Union requires a fundamentally different organizational setup, and poses a very high entry to new incumbents and other players overseas.

capital 79
article thumbnail

Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

The startup launched its banking services in 2017, aimed at making younger consumers comfortable doing all their banking online. At the same time, we are continuing to execute our robust near-term product strategy to support future growth. . The move made Varo the first-ever all-digital nationally chartered U.S. consumer bank.