TechCrunch

OCTOBER 1, 2021

million seed financing in the summer of 2020. The pair teamed up in 2020 to come up with a platform that would give FP&A teams the ability to “seamlessly” work across planning and reporting cycles. Their goal was to create a strategic finance platform for the enterprise that had the look and feel of a consumer offering. “And

financing 98

financing finance incumbents collaboration 98

Y Combinator

DECEMBER 8, 2021

In April 2020, British banking startup Monzo’s revenue fell by almost 50%. 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. When they joined, Monzo was generating $69M in revenues (in April 2020).

peer-to-peer 40

peer-to-peer incumbents financing finance 40

TechCrunch

JANUARY 27, 2022

But in 2020, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. 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

TechCrunch

JANUARY 27, 2022

And today, Yu and Yang’s new company, San Francisco-based Vesta , is announcing it has raised $30 million in Series A financing led by Andreessen Horowitz (a16z) with participation from new investor Zigg Capital. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

peer-to-peer 97

peer-to-peer incumbents financing finance 97

TechCrunch

AUGUST 24, 2021

The fintech then launched its product in October 2020 and today offers a checking account combined with a software layer that aims to help SMBs manage their financials. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”.

incumbents 96

incumbents capital financing finance 96

TechCrunch

JUNE 8, 2022

Founded in 2020 and launched in 2021, Juni closed off its Series A only in October of last year (it raised $21.5 Most incumbent banks, and now a fair number of neobanks, target small and medium businesses as customers. It didn’t give actual customer numbers.) They likely do business in multiple geographies and multiple suppliers.

incumbents 89

incumbents capital investing investment 89

TechCrunch

NOVEMBER 2, 2022

more data by year-end 2022 than in 2020, amounting to multiple petabytes of data in total. “With the capital, we will continue to focus on engagement and adoption, collaboration, governance, lineage, and on APIs and SDKs to enable us to be open and extensible,” Sangani said via email. billion and growing toward $11.6

incumbents 86

incumbents collaboration enablement leadership 86

TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. Ascend is offering point-of-sale financing to enable insurance brokers to break up those commercial payments into monthly installments. billion in 2020, and expected to top $1 trillion by 2028.

financing 83

financing finance incumbents disruption 83

TechCrunch

JANUARY 19, 2023

to enable customers to make online payments using their bank accounts. Shoykhet acknowledges that there’s formidable competition in the payments space — not only from incumbents like Venmo, Amazon and PayPal but from buy now, pay later vendors such as Afterpay and Klarna. But Shoykhet welcomes the rivalry. currently. .

incumbents 100

incumbents enablement accelerator financing 100

TechCrunch

JANUARY 15, 2023

I’ve been writing about Human Interest since March 2020, covering each of its funding rounds since then ( here , here and here ), and following its impressive growth. It looks like incumbent banks and institutions are still struggling when it comes to offering tech-enabled financial services. billion, had cut 10% of its staff.

incumbents 117

incumbents energy board investing 117

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. And before that, she worked at Neuberger Berman and served as a partner at McKinsey & Company.

innovation 86

innovation incumbents frameworks support 86

TechCrunch

OCTOBER 12, 2021

Our goal is to enable digital commerce throughout LatAm, and BNPL in Mexico is our first step towards that vision,” said CEO and co-founder Kyle Miller. With the latest Series A financing, Nelo has raised a total of $25.6 Nelo issued its first product in Mexico in January 2020, similar to a debit card offering from a neobank.

incumbents 92

incumbents financing finance capital 92

TechCrunch

JANUARY 22, 2023

Dollars raised and deal volume in the fourth quarter dropped to their lowest levels since 2020 — with $1.6 Snafus can happen even when incumbents and fintechs partner. Reports Fintech Finance News: Turkish fintech company “ Papara. The relationship between incumbents and upstarts has long been a complicated one.

incumbents 105

incumbents media ventures financing 105

Y Combinator

AUGUST 30, 2021

In the long run, software platforms have the potential to be much larger than traditional incumbents. Upon digging deeper, the founders realized that incumbent providers were overly complex, and more manual than necessary. Incumbents relied primarily on sales teams, which Gusto suspected actually limited their reach among SMBs.

incumbents 87

incumbents peer-to-peer health opportunity 87

TechCrunch

SEPTEMBER 13, 2021

It also helps the finance team understand expenses, including which are valid and those that are not.”. CPG sales topping $720 billion in 2020. The CPG industry is in the middle of a rapid change where we see all of these emerging, digital native and mission-driven brands rapidly eating share from incumbents,” he added.

startup 80

startup incumbents development capital 80

TechCrunch

MARCH 29, 2022

Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance. Founded in : 2020. Robert Nyangate is the company’s CTO. Website : [link]. Founded in : 2021.

startup 91

startup hospitality health financing 91

TechCrunch

DECEMBER 20, 2021

on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19. The World Bank estimates that some $589 billion will be sent this way 2021, according to research from the World Bank, up 7.3%

incumbents 94

incumbents communities capital networking 94

Y Combinator

APRIL 26, 2021

Even with $125K from YC and $1–2M in venture funding, a startup’s credit limit is still likely to tap out at $20K from an incumbent creditor—which is not nearly enough to cover software, marketing, and other expenses. incumbent offerings which only offered end-of-month reconciliation). As Brex has scaled, so have their customers.

incumbents 124

incumbents financing finance enablement 124

TechCrunch

SEPTEMBER 18, 2022

In 2020, digital bank Varo became the first-ever all-digital nationally chartered U.S. This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. FIS has launched Worldpay for Platforms, an embedded finance solution aimed at SMBs.

real estate 82

real estate incumbents opportunity founder 82

TechCrunch

APRIL 3, 2022

billion in an all-stock deal that was a reflection of its continued push into consumer finance. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g. TechCrunch last reported on Fast in January of 2021, when the startup raised a $102 million Series B financing led by Stripe.

startup 110

startup financing finance incumbents 110

TechCrunch

MAY 15, 2022

The filing revealed that Better.com swung to a loss of more than $300 million last year , a sharp turnaround from its profitable 2020. . Those apps are increasingly adding an ‘investment button’ that enables consumers to purchase US Equities. This week started with the discovery of an S-4 filed by Aurora Acquisition Corp.,

financing 83

financing finance enablement venture capital 83

TechCrunch

APRIL 6, 2021

Digital transformation is the name of the game these days, and companies that are enabling businesses to take a leap into the future, by helping them tackle their most complex operations, are reaping the rewards. OneStream said annual recurring revenue grew 85% in 2020, with customers growing by 40% to 650 enterprises.

financing 69

financing finance incumbents enablement 69

TechCrunch

DECEMBER 6, 2022

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. Bringing Expeto’s total raised to over $25 million (inclusive of $5 million in debt financing), the proceeds will be put toward product R&D as well as customer and partner acquisition, according to CEO Michael Anderson.

networking 88

networking startup incumbents energy 88

TechCrunch

NOVEMBER 2, 2022

Image Credits: The trio — who just graduated five months ago — raised $500,000 in pre-seed funding for their venture in March of 2020 and then another $1.6 We want to enable them with data so they can make more informed decisions.”. million in May of 2021 from some angel investors and smaller institutional investors.

health 95

health incumbents enablement SaaS 95

TechCrunch

FEBRUARY 17, 2022

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. And our main product is transport management software for shippers enables multi-enterprise collaboration.

incumbents 80

incumbents transportation collaboration consulting 80

TechCrunch

APRIL 8, 2021

In July 2020, Paymob raised $3.5 “ Their market opportunity is also huge; Egypt’s transformation to a cashless society is being enabled by the unique products Paymob has built.” The Egyptian fintech ecosystem also got a major boost when incumbent fintech Fawry became a publicly-traded unicorn for the first time.

incumbents 98

incumbents startup ecosystem financing finance 98

TechCrunch

JANUARY 16, 2021

Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. SaaS models and cloud technologies have eliminated some of the barriers for Israeli companies and enable companies to quickly set up and set up a proof of concept. Yonatan Mandelbaum, TLV Partners.

startup 141

startup mix-use SaaS advice 141

TechCrunch

JULY 26, 2021

Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions. 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 million seed round earlier in the year.

development 103

development real estate incumbents ventures 103

TechCrunch

FEBRUARY 19, 2021

Following up on our May of 2020 survey of the sector and about the impact of COVID-19 in particular , TechCrunch spoke with 10 investors about the state of mobility, which trends they’re most excited about and what they’re looking for in their next investments. We’d love to see better debt financing for electric vehicle companies.

transportation 119

transportation innovation accelerator construction 119

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. A common reason for poor investment penetration in MENA is that opening a brokerage account is expensive.

investing 99

investing investment ventures incumbents 99