TechCrunch

APRIL 20, 2021

“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.

incumbents 106

incumbents consulting SaaS disruption 106

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

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

JUNE 29, 2022

April users connect their payroll, bank statements, mortgage, prior year’s tax return and other finance apps to the platform and then tell April about significant tax events over the past year (e.g., ” Countless vendors offer online tax prep services, including incumbents like TurboTax and H&R Block. moving to another state).

incumbents 87

incumbents financing finance advice 87

TechCrunch

FEBRUARY 10, 2021

So she teamed up with Dmitry Kashlev, a Russian immigrant, in January of 2019 to create a solution for other foreign-born individuals and young adults facing similar credit challenges. People have different personal finance behavior than in the past, which makes it harder for traditional lenders to evaluate them.”.

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

SEPTEMBER 24, 2021

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 In fact, of the $348 billion in annual sales generated by the top 25 food and beverage incumbents in the U.S.,

ventures 97

ventures incumbents startup health 97

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

MARCH 2, 2022

million in debt and grant financing from BPI France , the French government’s public investment bank. Having worked in a luxury firm, as an investment banker at JP Morgan and her own consulting firm, Bardet decided to start Susu in 2019. The equity raise saw participation mainly from angel investors, as the company also raised $1.2

health 95

health startup consulting incumbents 95

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

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

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 54

peer-to-peer incumbents accelerator economic growth 54

TechCrunch

JANUARY 26, 2022

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. “

incumbents 78

incumbents financing finance SaaS 78

TechCrunch

MAY 25, 2022

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 ”) But the startup stands to profit handsomely if it can capture even a sliver of the sector.

startup 95

startup accelerator incumbents disruption 95

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

DECEMBER 15, 2022

Fashion startup Virgio, co-founded by Amar Nagaram, former chief executive of Myntra, has raised $37 million in a new financing round as the young firm looks to build “a global fashion brand” from the South Asian market. Virgio says it was founded this year, but hasn’t disclosed its seed funding round.).

startup 76

startup incumbents media financing 76

TechCrunch

APRIL 26, 2022

Financing from the round came from a mix of private and public funds in China and overseas. OnTime is the ride-hailing service introduced by GAC in 2019 as one of the newcomers competing with incumbent Didi, many of which are either operated by auto OEMs or are close to one.

transportation 90

transportation incumbents financing finance 90

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

JANUARY 7, 2021

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.

SaaS 126

SaaS incumbents opportunity disruption 126

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

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

OCTOBER 13, 2022

government’s own reported school financing data, and established that schools spend around £2 billion ($2.2 And with another chunk of change in the bank, it’s now well-financed to expand further into the U.S. million ) Series A round spread between 2019 and 2020. Zen Educate platform Image Credits: Zen Educate.

education 90

education incumbents financing finance 90

TechCrunch

AUGUST 29, 2022

However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. For startups building a full-scale digital bank or providing embedded finance, we can provide compliance covering that allows them to launch quickly.

startup 93

startup incumbents financing finance 93

TechCrunch

JANUARY 27, 2022

The seed round is coming almost three years after NALA secured a seven-figure pre-seed round led by Accel in 2019. to select African countries include unicorn Chipper Cash , Lemonade Finance, Zazuu and Sendwave. Their collective bet is that their market will grow over time and eat into traditional incumbents’ share.

peer-to-peer 98

peer-to-peer incumbents financing finance 98

TechCrunch

APRIL 28, 2021

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.

incumbents 102

incumbents financing finance strategy 102

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

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

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. They originally started Sheltr, which connected customers with trained maintenance professionals and was acquired by Hippo in 2019. Ascend on Wednesday announced a $5.5 Brokers are here to stay,” he added.

financing 83

financing finance incumbents disruption 83

TechCrunch

JUNE 17, 2021

Silicon Valley-based Accel led the round for Unit, bringing the company’s total raised since its 2019 inception to nearly $70 million. Existing backers Better Tomorrow Ventures, Aleph, Flourish Ventures and TLV Partners also participated in the latest financing. . Unit raises $18.6M to offer banking features as a service.

incumbents 89

incumbents financing finance accelerator 89

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

TechCrunch

OCTOBER 12, 2021

With the latest Series A financing, Nelo has raised a total of $25.6 million since its 2019 inception. Two Sigma Ventures Partner Frances Schwiep believes that Nelo has the potential to emerge as the leading financing option for consumers in LatAm, starting with BNPL.

incumbents 92

incumbents financing finance capital 92

Haystack

DECEMBER 26, 2018

Maybe it will be 2019, or 2020 — or even 2021. TechCrunch’s Kate Clark has done a round-up of the largest “private VC” rounds of 2018, and there’s a whole other list for just $100M+ financings led by Softbank’s Vision Fund. I am expecting a downturn at some point. Money has been coming into the U.S.

opportunity 76

opportunity incumbents VC culture 76

TechCrunch

FEBRUARY 11, 2021

And last but definitely not least, the latest extension — which closed in December but is only now being publicly announced — effectively doubles Human Interest’s valuation from its financing a few months prior. . It was later revealed that American Express Ventures had joined the financing as an investor. ” .

financing 88

financing finance incumbents capital 88

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

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

JANUARY 22, 2023

Snafus can happen even when incumbents and fintechs partner. Publicly traded Upstart , an artificial intelligence (AI) lending marketplace, has added two new applications to its Auto Retail platform — digital finance and online sales — to offer dealerships “a seamless online to in-store car-buying experience, from search to signing.”

incumbents 105

incumbents media ventures financing 105

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 board investing 117

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