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

TechCrunch

million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 Maple is based in San Francisco, but focuses on investing in founders with Canadian roots. At the same time, the incumbent banks are stuck with their mainframes, IBM contracts, and software written in COBOL,” he wrote via email.”

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TomoCredit raises $7M to help the cash rich and credit poor

TechCrunch

Co-founder and CEO Kristy Kim came up with the concept for the company after being rejected multiple times for an auto loan while in her early 20s. 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.

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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. The company will focus more on large enterprises next year, he added. .

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

TechCrunch

Co-founders Kevin Lee and Kevin Chanthasiriphan both grew up in food families from Taiwan and Thailand, respectively, and met a decade ago while working at the same tech company. Immi is putting a healthy spin on instant ramen by going plant-based and offering more bold tastes. The company announced Tuesday that it raised $3.8

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Opportunity Amid Volatility

Haystack

Maybe it will be 2019, or 2020 — or even 2021. A successful seed investor once remarked to me that he views “the traditional seed round” today for a good or proven founder to be akin to having a “ free first move on the chess board.” I am expecting a downturn at some point. Dreams can be fueled here.

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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 funding will be used to accelerate scaling of the engineering and business teams globally, and to continue investing in both hardware and software innovation,” founder and CEO Krishna Rangasayee told TechCrunch in an email interview.

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