Y Combinator

DECEMBER 8, 2021

In April 2020, British banking startup Monzo’s revenue fell by almost 50%. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Access to capital through overdrafts and Monzo credit products. When they joined, Monzo was generating $69M in revenues (in April 2020).

peer-to-peer 102

peer-to-peer incumbents financing finance 102

TechCrunch

APRIL 7, 2022

At that time, CEO Ricardo Weder told TechCrunch that the company, which was founded in 2019, weathered the first year of the global pandemic well, seeing 2020 revenue increase 16-fold. billion in 2020. We previously reported on the company last February when it raised $65 million in a Series A round led by General Atlantic.

capital 92

capital venture capital incumbents sustainability 92

TechCrunch

JULY 13, 2022

Booz Allen Hamilton, the Virginia-based, defense-focused IT consulting firm, today announced the launch of a corporate venture capital arm, Booz Allen Ventures, that will initially put $100 million toward “strategic” defensive and offensive technologies.

ventures 93

ventures incumbents startup venture capital 93

TechCrunch

JANUARY 12, 2021

billion at the time of its announcement , first broke cover on January 13, 2020, or nearly one year ago to the day. ” Given the fintech boom that 2020 saw , as consumers flocked to free stock trading apps and neobanks, that Plaid saw growth last year is not surprising. The deal, valued at $5.3

incumbents 129

incumbents venture capital innovation startup 129

American Entrepreneurship

DECEMBER 20, 2024

Founded in 2020 by Poddar and Vineet Goel, the startup has provided nearly $1 billion in annual funding for tens of thousands of small businesses in the U.S. The products include access to capital, spend management, and savings tools. Incumbent methods systematically bias against women- and minority-owned businesses. and Canada.

financing 98

financing finance incumbents construction 98

TechCrunch

MAY 19, 2021

Jeff Farrah is the general counsel of the National Venture Capital Association. Silicon Valley Bank’s 2020 Global Startup Outlook puts it this way: “[T]he fact is most entrepreneurs never expect to reach a public market exit.” since before the dawn of the modern venture capital industry.” Jeff Farrah. Contributor.

startup ecosystem 98

startup ecosystem incumbents startup entrepreneurship 98

TechCrunch

NOVEMBER 11, 2021

million of Series A investment, led by Integrated Capital, to continue developing its line of healthier food brands. Joining Integrated Capital in the round are Great Oaks Venture Capital, Pacific Tiger Group, Sope Creek Capital and Clearco. Food and beverage startup The Naked Market bagged $27.5

capital 86

capital incumbents venture capital enablement 86

TechCrunch

JANUARY 25, 2021

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million.

networking 106

networking incumbents education accelerator 106

TechCrunch

JULY 25, 2021

Incumbent giants therefore could lose a sizable chunk of market share if a company could just manage to weave together China’s manufacturing proficiency and agility with the modern tech startup philosophy of “moving fast and breaking stuff.”. The company aims to reach $1.2 billion this year.

incumbents 129

incumbents networking entrepreneurs opportunity 129

TechCrunch

SEPTEMBER 17, 2022

Its backers include institutions such as Lone Pine Capital, Warburg Pincus and The Rise Fund, as well as U2’s Bono and NBA player Russell Westbrook. In 2020, it was $41 million. and “Economic conditions necessitate an added focus on capital preservation. billion at the time of its last raise in 2021. And if so, why?

incumbents 123

incumbents sustainability capital health 123

TechCrunch

JANUARY 17, 2022

The market, dominated by incumbents like Toast and upcoming players such as MarginEdge and Brazil’s Zak , has its value pegged at over $70 billion globally and is expected to reach $116 billion in the next four years. As with most technologies, Africa is playing catch up in this food-tech segment.

incumbents 118

incumbents capital collaboration media 118

TechCrunch

JULY 26, 2021

Revolution Ventures led the round and was joined by existing investors Madrona Venture Group, Oregon Venture Fund and Mucker Capital, as well as Wise co-founder Taavet Hinrikus. Since the company launched its platform, business was building steadily, and took off in the second half of 2020. The company raised a $7.7

development 103

development real estate incumbents ventures 103

TechCrunch

AUGUST 24, 2021

Cora , a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital. million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. Ribbit Capital leads $26.7M The startup has now raised a total of $152.7

incumbents 96

incumbents capital financing finance 96

TechCrunch

FEBRUARY 3, 2022

“We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” The round, led by Tiger Global with participation from Sequoia, Lux Capital, Emerson Collective, Plural VC and more, came together in less than 24 hours, Yahyaoui noted.

incumbents 99

incumbents startup communities consulting 99

TechCrunch

JUNE 30, 2021

Ribbit Capital led the financing, which also included participation from DST Global, NFX and Zigg Capital. Former Zillow executives Greg Schwartz and Carey Armstrong founded Stamford, CT-based Tomo in the fall of 2020 to take on big banks when it comes to providing mortgages to consumers. No doubt it has plenty of competition.

real estate 98

real estate incumbents strategy finance 98

TechCrunch

JANUARY 16, 2021

Band 1 is the private capital cohort. per share in its September 2020 round and Roblox at $4 billion in February of 2020. They are willing to pay more for startups than the private capital crew. The company had reached $2 billion in AUM last September, after reaching $1 billion in February of 2020. Why do we care?

incumbents 128

incumbents financing finance SaaS 128

TechCrunch

JULY 13, 2021

Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds. Families with money can access the banks, but you can’t launch a business without capital, and many owners lack that access to banks.”.

support 100

support financing finance funders 100

TechCrunch

FEBRUARY 1, 2022

Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

incumbents 107

incumbents VC accelerator investing 107

TechCrunch

MARCH 4, 2022

Founded in September 2020, the New York-based company – which was previously named Unlock – said it uses data science to “ identify, underwrite and close transactions 10x faster than incumbents.” ” It describes itself as a “managed marketplace.” commercial real estate value.

real estate 97

real estate financing finance incumbents 97

TechCrunch

FEBRUARY 10, 2021

(KBIC) — a subsidiary of South Korean consumer bank, Kookmin Bank — along with Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures and Strong Ventures. . TomoCredit cards became available in late summer 2020. “We And that’s not their fault.

incumbents 101

incumbents finance financing accelerator 101

TechCrunch

NOVEMBER 30, 2022

Today, Teampay has hundreds of customers and significant venture capital financing behind it. million in debt) Series B led by Fin Venture Capital with participation from Mastercard, Proof Ventures, Trestle and Espresso Capital, bringing Teampay’s total raised to $65 million. . million in equity, $11.75

economic environments 86

economic environments incumbents financing finance 86

TechCrunch

DECEMBER 10, 2021

Driven by the global pandemic and everyone being at home with their pets, sales topped $100 billion in 2020 in this sector. Though they officially started the company in 2019, Busaba and Spies didn’t launch their first product, the raw dog food, until 2020. Maev founder and CEO Katie Spies. Image Credits: Maev .

incumbents 89

incumbents innovation ventures education 89

TechCrunch

MAY 29, 2022

The Series B round was led by Accel, Citius and Tiger Global, with participation from existing investors AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital India. by 2022, compared to China’s 6% and South Korea’s 34% in 2020. The company declined to disclose its post-money valuation.

incumbents 101

incumbents financing finance capital 101

TechCrunch

MARCH 31, 2022

Startups are once again considering layoffs as a way to control cash consumption and attract new capital. News that Fast, a one-click checkout software provider targeting the e-commerce market, is offering sharp staff cuts to investors in hopes of securing new capital is notable, but a single data point.

startup 89

startup incumbents accelerator capital 89

TechCrunch

JUNE 6, 2022

million in funding from Anthemis, Financial Venture Studio and Soma Capital. ” Ivella isn’t just competing with the theory of joint accounts pushed by incumbent banks, but also venture-backed startups seeking a multiplayer fintech world. Zeta, which raised a $1.5

peer-to-peer 117

peer-to-peer financing finance incumbents 117

TechCrunch

DECEMBER 14, 2022

Recognizing an opportunity for further growth, Vladimirskiy and Nerdio’s co-founder, former Microsoft exec Joseph Landes, decided to spin-off Nerdio as a separate company and sell Adar to a private equity firm in January 2020. Survey data illustrates the dramatic shift.

incumbents 90

incumbents disruption board enablement 90

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. billion ($1.8

incumbents 102

incumbents finance financing strategy 102

TechCrunch

SEPTEMBER 7, 2021

When we covered the company’s most recent funding round before this — a $30 million raise in November 2020 — the startup was valued at $310 million. Meanwhile, Marshmallow’s novel, big-data approach and successful traction in the market speak for themselves. “They are big companies and stuck in their ways.

incumbents 87

incumbents technology startup strategy 87

TechCrunch

FEBRUARY 8, 2022

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. Tiger Global, Dubai-based early-stage VC BECO Capital and Prosus Ventures co-led the Series A investment.

investing 99

investing investment ventures incumbents 99

Haystack

DECEMBER 26, 2018

Maybe it will be 2019, or 2020 — or even 2021. USV’s Albert Wenger has been writing his book, World After Capital , which lays out the argument that money is no longer the scarce asset driving the economy, but rather, it’s attention. Getting capital in the earliest stages continues to get easier.

opportunity 76

opportunity incumbents VC culture 76

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. It ended 2020 with less than 10 million accounts total. billion in transaction volume a month.

incumbents 96

incumbents finance financing technology 96

TechCrunch

NOVEMBER 16, 2022

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. million in debt — led by NGP Capital with participation from Team8 Capital and Jerusalem Venture Partners. billion in 2020.

incumbents 86

incumbents development capital venture capital 86

TechCrunch

APRIL 7, 2021

The company notched gross revenue of $265 million in 2020 and has raised capital over the years from backers such as General Atlantic and Tiger Global Management. The challenger bank was created to target millennials dissatisfied with the incumbent banking options.

incumbents 98

incumbents financing finance innovation 98

TechCrunch

FEBRUARY 2, 2022

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.

enablement 97

enablement startup incumbents transportation 97

TechCrunch

AUGUST 17, 2021

Forward Foods, Starday , a healthy and sustainable food products company, raised $4 million in seed funding to take on “big food” incumbents. Equal Ventures and Slow Ventures co-led the round and were joined by Haystack, Great Oaks Venture Capital, XFactor Ventures, ABV and a group of angel investors.

incumbents 101

incumbents sustainability venture capital ventures 101

TechCrunch

DECEMBER 6, 2022

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. Demonstrating that there’s investor appetite for upstarts in the market, Expeto this week closed a $13 million Series B round led by Sorenson Capital with participation from 5G Open Innovation Lab, Samsung Next and Mistral Venture Partners. .

networking 88

networking startup incumbents energy 88

TechCrunch

FEBRUARY 23, 2023

Growth Partners with participation from Active Capital and other unnamed investors. He claims that the startup currently has “several hundred” customers and that it’s been profitable and debt-free since Q4 2020. It’s no wonder, then, that cloud optimization software is attracting funding. ” “H.I.G.

investing 92

investing investment peer-to-peer startup 92