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Monzo Makes Money Work For Everyone

Y Combinator

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. This did not happen by magic. expectations.

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Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack

TechCrunch

Worse, CFOs are expected to be more strategic than ever about finance, but can struggle to deliver important forecasts and projections given the lack of availability of key data. Mosaic is a “strategic finance platform” that is designed to ingest data from all sorts of systems in the alphabet soup of enterprise IT — ERPs, HRISs, CRMs, etc. —

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

TechCrunch

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. After emerging from stealth in 2019, Sima.ai After emerging from stealth in 2019, Sima.ai It brings Sima.ia’s total capital raised to $150 million.

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

The Long Island-based company was founded in 2019 by Hungryroot co-founder Gregory Harry Struck after he adopted a plant-based diet while battling cancer. “It As part of the investment Larry Appel, former CEO of The Fresh Market, and Benjamin McKean, CEO of Hungryroot, will join the company’s advisory board.

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Sweden-based digital bank Northmill raises $30M

TechCrunch

As it stands, 2006-founded Northmill is available in Sweden, Norway and Finland, where it competes with incumbent banks with physical branches and the likes of Lunar, Revolut and Klarna (which operates as a bank in its home country of Sweden, and Germany). Next stop, Norway. Making sense of Klarna.

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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. Impressed with Polly’s traction even at that point, the firm still participated in that financing with a smaller check and stayed close to the company. “

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Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

TechCrunch

Mambu has been seeing 100% growth year-on-year, but notably, Mambu covered 50 markets when it last raised money, €30 million in 2019 , so you can argue it has some investing and expanding to do on that front. offices established in Miami.). That could lead to consolidation, too.

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