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. Today, Tomo announced a $7 million seed funding round that included participation from a slew of investors including KB Investment Inc.

incumbents 101

incumbents financing finance accelerator 101

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

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

AsiaTechDaily

JANUARY 19, 2023

Register Komunal has announced that it secured new investments amounting to $8.5 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.

peer-to-peer 75

peer-to-peer incumbents accelerator economic growth 75

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

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

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 Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner. Immi takes in $3.8M

ventures 97

ventures incumbents startup health 97

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. So that’s how the story started.”. Susu founders.

health 95

health startup consulting incumbents 95

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

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

FEBRUARY 10, 2021

Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. Founded nearly 15 years ago and originally operating as a credit provider, in 2019 Northmill secured a full banking license, regulated by the Swedish Financial Supervisory Authority. Next stop, Norway.

incumbents 93

incumbents sustainability board accelerator 93

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

JANUARY 26, 2022

The latest financing brings the San Francisco-based startup’s total funding raised to $50 million. While it invested mostly on its product in 2021, it plans to put some of its new capital toward its go to market strategy while continuing to be “heads down focused on product.”

incumbents 78

incumbents financing finance SaaS 78

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. Investors have proven more than willing to fund huge investments in growth and product at many neobanks, leading to steeply negative operating results at the unicorns. — Alex.

incumbents 99

incumbents startup investing investment 99

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. Spryker raises $130M at a $500M+ valuation to provide B2Bs with agile e-commerce tools. That could lead to consolidation, too.

SaaS 126

SaaS incumbents opportunity disruption 126

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. reported this month that $51 billion of venture capital was invested into U.S. It’s certainly not slowed down.

capital 89

capital startup enablement incumbents 89

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

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

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. They want all of their money up front so they can invest it. Ascend app.

financing 83

financing finance incumbents disruption 83

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

MAY 11, 2021

Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. 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.

collaboration 95

collaboration incumbents networking disruption 95

TechCrunch

JANUARY 15, 2023

On Friday, January 13, investment giant BlackRock announced it was acquiring a minority stake in SMB 401(k) provider startup Human Interest. For one, as one source told me, BlackRock’s investment is a show of faith in the SMB 401(k) market — one where the firm hasn’t historically played. Consolidation everywhere. ” In other news.

incumbents 117

incumbents energy board investing 117

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

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

Haystack

DECEMBER 26, 2018

There are many reasons for that, such as private equity and crossover investors investing earlier, or the fact that LPs in VC funds are affected by public market swings and could, theoretically, hit some VC firms to feel the pinch. Maybe it will be 2019, or 2020 — or even 2021. I am expecting a downturn at some point.

opportunity 76

opportunity incumbents VC culture 76

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 is also investing the funding in more international expansion.

incumbents 74

incumbents education innovation VC 74

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

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

NOVEMBER 13, 2022

In September, he co-invested in a Seattle startup called Far Homes that was founded by Redfin alums and is focused on “buying and selling real estate in foreign markets,” as reported by GeekWire. The digital bank has seen some success since launching in Nigeria in 2019. I’m sorry that we don’t have enough sales to keep paying you.”.

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

Haystack

MAY 4, 2019

As an investor in startups, there is considerable conventional wisdom around the idea of investing only in the Bay Area. Until then, the overwhelming majority of Haystack investments were in the Bay Area. In the six years Haystack has been around, here is a rough map of where our investments have been located.

incumbents 87

incumbents culture transportation investing 87

TechCrunch

MARCH 27, 2022

Startups like these are keeping the incumbents (relatively speaking) on their toes. Robinhood expands into consumer finance while Apple steps up its fintech game. In other notable news, Robinhood this week announced it was launching a new debit card that allows for spare-change investing. Image Credits: Nora Apsel / Morty.

ventures 96

ventures technology startup real estate 96

TechCrunch

MARCH 29, 2022

beU delivery is YC’s first set of investments in Africa’s food delivery space alongside Heyfood, another startup in this batch. Abdigani Diriye, Khalid Keenan and Youcef Oudjidane, the other co-founders, have combined experience across engineering, investment banking and venture capital. Founded in : 2019.

startup 91

startup hospitality health financing 91

TechCrunch

JANUARY 29, 2021

Mercedes Bent and Bradley Twohig , partners, Lightspeed Venture Partners (a multistage generalist fund with investments including Forage, Clever and Outschool). Rising African venture investment powers fintech, clean tech bets in 2020. Rising African venture investment powers fintech, clean tech bets in 2020.

VC 107

VC founder media education 107

TechCrunch

DECEMBER 20, 2021

There are dozens, maybe even hundreds, of companies playing in the cross-border remittances field, from incumbents like Western Union through a myriad of tech players, some of which have gone public and some of which remain privately held. Taptap Send has been steadily growing and adding more countries to its list of served markets. .

incumbents 94

incumbents communities capital networking 94