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Monzo Makes Money Work For Everyone

Y Combinator

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. When they joined, Monzo was generating $69M in revenues (in April 2020). expectations. to expect.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

Since launching its product in January 2020, the company has processed thousands of invoices across 20 countries, amounting to more than $18 million. This is where venture capital firms should be putting their dollars — in companies where technology and talent unleash a lot of value.”.

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Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

Participants will also be provided “strategic” support in the form of potential contracts with Booz Allen customers. As of 2020, HorizonX, which was founded in 2017, had made just 25 investments — all less than $10 million. Defense-focused startups angling for government contracts need all the help they can get.

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Amira Yahyaoui wants Mos to be a ‘radical’ fintech startup

TechCrunch

It’s an evolution from Mos as an edtech business built to help students navigate their way through applying and attending college into a fintech that can support the same user base through all of life’s similarly complicated demands. Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.”

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

Sales in this area topped $100 billion in 2020 , driven by the 48 million dogs and cats that were adopted over the past three years. The big story in 2020 was that everyone needed telehealth services for themselves, and we saw that transfer to pets and then exacerbated by the industry,” he added. Pets are big business.

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Expeto, a startup selling tools to manage private cellular networks, raises $13M

TechCrunch

There’s a growing market for private cellular networks, or dedicated cell networks configured to support a company’s specific requirements within a confined area (think a warehouse or wind farm). But that hasn’t stopped new ventures from cropping up to challenge the incumbents.

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Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

TechCrunch

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. They are electronic yet manual processes that make their work very inefficient. More than 3,000 users also utilize its software.