TechCrunch

JUNE 5, 2022

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In other words, it wants to help fintechs be in a stronger position to compete with incumbents, something it believes will benefit consumers. And elsewhere.

incumbents 96

incumbents financing finance pitching 96

AsiaTechDaily

JANUARY 19, 2023

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. Fintech help SMEs manage their finances and capital with convenience and efficiency. Komunal has channeled $230 million (equivalent to IDR 3.6

peer-to-peer 75

peer-to-peer incumbents accelerator economic growth 75

TechCrunch

MAY 11, 2021

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. Spring Labs founder and CEO Adam Jiwan told TechCrunch that the two companies’ recent partnership evolved out of a series of discussions that began a couple of years ago.

collaboration 95

collaboration incumbents networking disruption 95

TechCrunch

MARCH 15, 2022

But with more and more business processes moving online, online job search is the gift that keeps on giving, and so today comes news of another portal in the space raising a big round to take on the incumbents in the space with more innovative and accurate technology. It paid $1.3

incumbents 74

incumbents education innovation VC 74

TechCrunch

MARCH 29, 2022

Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Founded in : 2019. Quick thoughts : In 2019, Curacel started with claims automation and fraud detection in health insurance with hospitals as its target market. Website : [link]. Team size : 30 .

startup 91

startup hospitality health financing 91

TechCrunch

JANUARY 25, 2021

2019 saw a stampede of fintech unicorns. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

incumbents 139

incumbents accelerator financing finance 139

TechCrunch

JANUARY 29, 2021

“Comparing aggregate 2020 figures to 2019 results, it appears that last year was a somewhat robust year for African startups, albeit one with fewer large rounds,” he found. Enterprise SaaS company Latch makes keyless entry systems; Sunlight Financial helps consumers finance residential solar power installations.

VC 107

VC founder media education 107

TechCrunch

JANUARY 16, 2021

Any area that needs to compete both with incumbents and also a set of already successful “new age” companies that made the first step of meaningful disruption. Fintech (specifically embedded finance or financial SaaS), synthetic bio. And in 2019, Geektime ranked TAU Ventures among the top five best VCs in Israel.

startup 141

startup SaaS mix-use advice 141

Y Combinator

MAY 1, 2019

Jarvis Johnson [00:35:15] – And so, you turn into Kanye if you’re like, you turn into 2019 Kanye if you don’t really care what people think and you’re just going off your own ego. It’s a delicate balance, but I try to look at everything in like a beautiful soup.

peer-to-peer 46

peer-to-peer advice creativity opportunity 46

TechCrunch

APRIL 30, 2021

Mix in the impending SPAC-led debut of eToro, general bullishness in the cryptocurrency space, record highs for some equities markets, and recent rounds from Public.com, M1 Finance and U.K.-based billion in 2019. Among the five startups launched in 2020 that raised the most financing, four were based outside the Bay Area.

startup 78

startup construction VC health 78

TechCrunch

MAY 11, 2022

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. Put simply, Crowdz started out by giving small and medium-sized businesses a way to sell invoices for financing to funders.

financing 98

financing finance funders SaaS 98

TechCrunch

AUGUST 10, 2021

Enter Omaha, Nebraska-based Breeze , the company Nabity started in 2019 with Cody Leach to enable individuals to go online and complete in 10 minutes the application process to receive a personalized quote for either disability insurance or critical illness insurance.

incumbents 99

incumbents health education ventures 99

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. This did not happen by magic. expectations.

peer-to-peer 102

peer-to-peer incumbents financing finance 102

TechCrunch

JANUARY 14, 2021

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. —

financing 98

financing finance incumbents consulting 98

TechCrunch

DECEMBER 15, 2021

To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. Its aim is to “finance consumption for Brazilians in a healthy way.” It also aims to allow its customers to access over $616 million in financing in 2022. .

incumbents 80

incumbents startup financing finance 80

TechCrunch

AUGUST 24, 2021

million since its 2019 inception. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. We believe Cora is a once in a generation company building efficient digital finance tools for small businesses.

incumbents 96

incumbents capital financing finance 96

TechCrunch

FEBRUARY 10, 2021

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.

incumbents 93

incumbents sustainability board accelerator 93

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. Accel actually invested in Galileo before it sold to SoFi in October of 2019. ).

incumbents 96

incumbents financing finance technology 96

TechCrunch

SEPTEMBER 1, 2022

And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. Infrastructure providers can help connect fintech companies with incumbent banks so that they can both reap the benefits of the interest rate environment.

incumbents 92

incumbents opportunity enablement innovation 92

TechCrunch

SEPTEMBER 16, 2021

Tile , the maker of Bluetooth-powered lost item finder beacons and, more recently, a staunch Apple critic , announced today it has raised $40 million in non-dilutive debt financing from Capital IP. Tile’s last round of funding was $45 million in growth equity in 2019. Now it’s shifted to debt.

mix-use 99

mix-use incumbents networking financing 99

TechCrunch

MARCH 21, 2022

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. He exited the company to Lowe’s in 2019. It’s certainly not slowed down. We profiled them previously. 4 trends that will define e-commerce in 2022.

capital 89

capital startup enablement incumbents 89

TechCrunch

NOVEMBER 13, 2022

Months after acquiring gamified finance mobile app startup Long Game, Truist Financial Corporation has introduced the Truist Foundry, an innovation division that it says “will function as a startup within the bank.” The digital bank has seen some success since launching in Nigeria in 2019. Image Credits: Kuzma / Getty Images.

real estate 97

real estate incumbents mix-use financing 97

TechCrunch

MAY 12, 2022

The company is not disclosing valuation but CEO Todd Clyde confirmed it was up compared to its previous financing. In 2019, however, it spun out its crypto business , which is called M10 and focuses today on helping banks (state banks, commercial banks) build and run tokens, used to create their own digital currencies and for other purposes.

incumbents 81

incumbents financing finance innovation 81

TechCrunch

MARCH 30, 2023

In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance and marketing. Finance in 2021, and to Fortune’s 40 under 40 in 2020. Rowe Price for three years. Dufétel was also named to Barron’s 100 Most Influential Women in U.S.

innovation 86

innovation incumbents frameworks support 86

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 40

peer-to-peer incumbents financing finance 40

TechCrunch

SEPTEMBER 18, 2022

” The company added that a corporate credit card has been one of the most requested features from customers since Mercury launched in 2019. This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. “It’s straightforward 1.5%

real estate 82

real estate incumbents opportunity founder 82

Entrepreneur's Handbook

APRIL 25, 2022

In 2019, I switched jobs and joined Google (primarily for immigration reasons) as a Software Engineer. ETH killers, BTC killers and all kinds of other projects with lofty promises and ambitious roadmaps to build better blockchains than the incumbents. In 2020, the world changed dramatically. The year 2017 was filled with promises?—?ETH

real estate 82

real estate incumbents investing investment 82

TechCrunch

APRIL 3, 2022

billion in an all-stock deal that was a reflection of its continued push into consumer finance. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g. TechCrunch last reported on Fast in January of 2021, when the startup raised a $102 million Series B financing led by Stripe.

startup 110

startup financing finance incumbents 110

TechCrunch

JANUARY 15, 2023

” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. It looks like incumbent banks and institutions are still struggling when it comes to offering tech-enabled financial services. I did, too.

incumbents 117

incumbents energy investing investment 117

Both Sides of the Table

APRIL 18, 2019

This is only true when: 1) there is funding available to finance short-term losses and 2) when there is a lucrative positive unit-economics business when you become the winner. You can’t simply drop a bunch of electric scooters in a market and hope to compete with the data and software advantages of the incumbents.

transportation 250

transportation incumbents disruption financing 250

TechCrunch

AUGUST 30, 2021

Ola Electric is in advanced talks to raise between $250 million to $500 million in a new financing round as the Indian firm looks to scale its electric vehicle manufacturing business in the South Asian market, according to two sources familiar with the matter. billion to $3.5 billion to $3.5

peer-to-peer 99

peer-to-peer incumbents accelerator financing 99

TechCrunch

JULY 14, 2021

The financing brings the two-year-old company’s total raised since its 2019 inception to $50 million. Consume r credit cards yielded an estimated $150 billion in revenue for traditional banks in 2019, but startups only captured a small fraction of the value. Accomplice and Greycroft co-led its $7 million Series A last June.

incumbents 95

incumbents financing finance innovation 95

TechCrunch

JUNE 21, 2021

And if you want to build one in a sector crowded by both incumbent companies and richly funded startups, it can be super expensive. Here are the big numbers: 57% revenue growth from £166 million in 2019 to £261 million in 2020. Gross profit growth of £123 million in 2020, up 215% from 2019. — Alex.

incumbents 99

incumbents startup investing investment 99

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 87

incumbents financing finance technology 87

TechCrunch

APRIL 7, 2021

New Enterprise Associates (NEA) led its $20 million Series A in May of 2019. The challenger bank was created to target millennials dissatisfied with the incumbent banking options. Avant, notes Paris, uses thousands of AI-driven data points to determine credit risk.

incumbents 98

incumbents financing finance innovation 98

TechCrunch

JUNE 9, 2022

General Atlantic doubled down on Klar , leading its latest financing in addition to its $70 million Series B last July. In total, the company has raised over $150 million in equity funding since its 2019 inception. One advantage for Klar, according to Möller , is that its “cost to serve a user” is about 1/20 of what the incumbents pay.

incumbents 97

incumbents opportunity financing finance 97

Andreessen Horowitz

AUGUST 30, 2023

Popularized by Michael Milken at Drexel Burnham Lambert, the invention wasn’t all that complicated: issue bonds with very high interest rates and correspondingly high risk, and use that capital to finance the wholesale acquisition of mismanaged, inefficient, and sclerotic companies. billion, against almost $2.8

opportunity 91

opportunity incumbents financing finance 91