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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

With the latest funding, ManageXR will support its expanding team and go-to-market strategy as the company has experienced rapid growth since becoming available to beta users in November 2019 and officially launching in April 2021. ” Image Credits: ManageXR dashboard / ManageXR.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. The information exchange promises to preserve privacy, giving competitive parties the ability to “collaborate for the common good.”.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. He was also Exeucitive Director – Head of the Banking Service, Licensing, and Treasury Operation Department at the Bank Indonesia from 2019 to 2022.

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5 Predictions for 2020

Tomasz Tunguz

Software M&A in 2019 reached about $170B up from $136B in 2018, up 25%. And incumbents desire as much of that as possible for themselves. High costs of living plus modern collaboration tools, changing preferences, and startup success in other geographies push this trend into the mainstream. Distributed becomes the norm.

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

TechCrunch

After emerging from stealth in 2019, Sima.ai The company claims to have completed several customer engagements and last year announced the opening of a design center in Bengaluru, India, as well as a collaboration with the University of Tübingen to identify AI hardware and software solutions for “ultra-low” energy consumption.

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Immi takes in $3.8M to cook up plant-based instant ramen

TechCrunch

“My dad still eats instant ramen each night, and it is such a massive market: 4 billion packets are sold per year, but it is also a product that has been dominated by the same three incumbents for years.”. Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. billion of value in the U.S.