Remove 2019 Remove financing Remove incumbents Remove venture capital
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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

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.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

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. In 2019, Barclays Bank and Bold Capital Partners co-led a $5.5 million. . “A

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. They started Marco in 2019 and now have offices in New York, Dallas and across Latin America.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Valar Ventures led the investment, which brings Neo’s total funding to $234.7 million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory.

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

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. He exited the company to Lowe’s in 2019. reported this month that $51 billion of venture capital was invested into U.S.

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Klar, believed to be Mexico’s largest digital bank, lands $70M in General Atlantic-led round

TechCrunch

General Atlantic doubled down on Klar , leading its latest financing in addition to its $70 million Series B last July. Prosus Ventures, Quona Capital, Mouro, IFC, Acrew and Endeavor Catalyst also participated in the round. WTI provided $20 million in venture debt, Möller said. he told TechCrunch.