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 financing 98

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.,” Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” Yahyaoui said, starting with students. That’s the goal.”.

incumbents 99

incumbents startup consulting communities 99

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

MARCH 21, 2022

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. digital shopping companies in 2021, up from $23 billion in 2020. digital shopping companies in 2021, up from $23 billion in 2020.

capital 89

capital startup enablement incumbents 89

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

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

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. So, just how does it work?

enablement 97

enablement startup incumbents transportation 97

TechCrunch

APRIL 27, 2022

Index led its Series C in 2020 ; Valar led a round in 2018 ). — so Ott wasn’t keen to talk about how much money it calculated people owed to the state, but there is an opportunity there too to provide financing and longer-term managing of that financing as a different kind of product.

incumbents 91

incumbents financing finance board 91

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

FEBRUARY 9, 2021

million in venture financing from investors led by Equal Ventures and including Operator Partners, Box Group, Greycroft, Sandeep Jain and Xuan Yong of RigUp, returning angel investor Kiran Bhatraju of Arcadia and Jason Jacobs’ recently launched My Climate Journey Collective, an early-stage climate tech fund. .

energy 78

energy incumbents construction financing 78

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. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players.

peer-to-peer 98

peer-to-peer incumbents financing finance 98

TechCrunch

FEBRUARY 4, 2021

Mexico’s ALLVP, Clocktower, Kevin Efrusy and Oskar Hjertonsson and existing backer Raptor Financial Group participated in the financing as well. Since launching its first brokerage product in July of 2020, Flink has surpassed 1 million users and 800,000 active brokerage accounts. The demand for what Flink has to offer is clear.

investing 91

investing investment education incumbents 91

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.

incumbents 102

incumbents financing finance 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

Y Combinator

AUGUST 30, 2021

But where there is a gap, there is an opportunity. Gusto launched in 2012 to tackle this opportunity, and more. In the long run, software platforms have the potential to be much larger than traditional incumbents. Gusto saw an opportunity to upend the way payroll was done. SMBs had historically been hard to reach.

incumbents 87

incumbents peer-to-peer health opportunity 87

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

MARCH 15, 2021

million) seed round in June 2020. Zeller’s software is combined with a payment terminal, transaction account and business Mastercard, and is intended to make it easier for businesses to accept and send payments, access funds and manage their finances. The startup previously raised a $6.3 million AUD (USD $4.9

incumbents 83

incumbents hospitality financing finance 83

TechCrunch

OCTOBER 12, 2021

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. million since its 2019 inception. To be clear, Nelo is not the only player in the Mexican market. Right now is the perfect time for this business and product.”.

incumbents 92

incumbents financing finance capital 92

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

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

NOVEMBER 19, 2021

2020 saw over 4% of the state burning. This is a huge business, typified by incumbent behemoths like Lloyd’s of London, who in theory mitigate the risk insurance companies face when they get the formula wrong. This presents an opportunity to provide a different spin on how to provide this service.

incumbents 79

incumbents disruption capital technology 79

TechCrunch

MARCH 27, 2022

Ramp says its revenue grew “early 10x” in 2021 compared to 2020 while its cardholder base grew 7x and its user base grew 15x. Startups like these are keeping the incumbents (relatively speaking) on their toes. Robinhood expands into consumer finance while Apple steps up its fintech game.

ventures 96

ventures technology startup real estate 96

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. We also saw these decisions as an opportunity to build a longer runway.”

real estate 82

real estate incumbents opportunity founder 82

Entrepreneur's Handbook

APRIL 25, 2022

The 2020 Effect?—?Institutional In 2020, the world changed dramatically. In the risk-on environment of 2020–21, I turned to my favorite asset class?—?cryptocurrency. 2017 versus 2020: Live Use Cases Everything was looking very different from the 2017 bull market. By 2020–2021, things started to look very different.

real estate 82

real estate incumbents investing investment 82

TechCrunch

MARCH 29, 2022

Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. ” Founders : Tobi Ololade, the CEO, was the chief technological officer of TradeBuza, a data and API infrastructure for agriculture finance. Founded in : 2020. YC-backed Duplo raises $1.3M

startup 91

startup hospitality health financing 91

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). expectations.

peer-to-peer 101

peer-to-peer incumbents financing finance 101

TechCrunch

MAY 20, 2021

So after beta testing for a year, Privacy.com launched its new Card Issuing API in 2020 to give corporate customers the ability to create payment cards for their customers, optimize back-office operations or simplify disbursements. An opportunity for a new revenue stream. Privacy.com, a virtual payment card startup, raises $10.2M

incumbents 97

incumbents strategy ventures development 97

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

APRIL 6, 2021

D1 Capital Partners led the financing, with participation from Tiger Global and Investment Group of Santa Barbara (IGSB), the company said. “The valuation we received is great recognition of the value our employees and stakeholders have helped to create, as well as the exciting opportunities ahead for OneStream.”.

financing 69

financing finance incumbents enablement 69

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. The financing brings NorthOne’s fundraising total to $90.3 For NorthOne, that only means opportunity. “A Then there were those companies that existed well before the pandemic. million since inception.

capital 98

capital incumbents education financing 98

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. . We have an opportunity to create meaningful change in the financial lives of millions by becoming the investment rail on which wallets and fintechs can innovate. For too long, many people in the U.S.

financing 83

financing finance enablement venture capital 83

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 pandemic presented one of the best opportunities for fintechs all over the world to achieve massive growth. million Series A round.

incumbents 98

incumbents startup ecosystem financing finance 98

TechCrunch

APRIL 14, 2022

s SB Opportunity Fund. Joining TTV in doubling down on their investment in the company were Owl Ventures, SoftBank’s Opportunity Fund, Mubadala Capital and Next Play Capital. I think that’s a big moat around any of the incumbents,” he said. “In the company says.

education 78

education communities incumbents health 78

TechCrunch

MAY 22, 2022

The potential combination first gained a higher level of complexity when, in November 2020, the Department of Justice sued to block Visa’s proposed purchase of Plaid. In September 2020, I wrote about how mobile banking startup Jiko Group bought Mid-Central National Bank in Wadena, Minnesota. Stripes led the latest financing.

real estate 92

real estate ventures venture capital financing 92

TechCrunch

JANUARY 16, 2021

Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. What are some overlooked opportunities right now? Data-driven AppsFlyer, spearheaded by Oren Kaniel, is an exciting mobile-attribution company that is rapidly growing ($200 million+ ARR in 2020) yet maintains a unique DNA.

startup 141

startup mix-use SaaS advice 141

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).

incumbents 124

incumbents financing finance enablement 124

TechCrunch

FEBRUARY 19, 2021

It laid bare its weaknesses, and conversely, uncovered potential opportunities. 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.

transportation 119

transportation innovation accelerator construction 119