Remove 2019 Remove incumbents Remove opportunity
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Opportunity Amid Volatility

Haystack

Maybe it will be 2019, or 2020 — or even 2021. They’ll have to back up the truck for their best companies, take acquisitions off the table, and go right after the incumbents head-on. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

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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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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

EdgeQ , Kneron , and Hailo are among the dozens of upstarts vying for customers, the last of which nabbed $136 million in October as it doubles down on new opportunities. After emerging from stealth in 2019, Sima.ai has created a software-centric, purpose-built … platform that exclusively targets this large market opportunity.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

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. They see a lot of opportunities to leverage our technology,” he said.

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Greece’s Viva Wallet raises $80M for its neobank targeting small business merchants

TechCrunch

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. billion ($1.8

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DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers

TechCrunch

Including the company’s debut round of $110 million led by Pitango when it first came out of stealth mode in 2019, DriveNets has now raised just over $580 million. “We have seen in the past couple of years some of the incumbent networking vendors starting to adopt our model,” said Susan.

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Pinduoduo and The Rise of Social E-Commerce

Y Combinator

The success of Pinduoduo in China suggests there is a huge opportunity for social commerce platforms to emerge in other regions. There is a huge opportunity for companies to build social into their commerce platforms to take share from transactional platforms and expand e-commerce’s overall share of spend. As of December 31, 2019.