TechCrunch

AUGUST 16, 2021

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. The deal closed in February 2021 , leading to a very quick and surprising second-quarter profit. So what’s going on here?

incumbents 106

incumbents accelerator technology startup 106

TechCrunch

MAY 23, 2022

Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. According to the founders, Sylndr also plans on providing seven-day money back guarantee, warranty and availing flexible financing options to users.

disruption 99

disruption financing finance venture capital 99

TechCrunch

MAY 19, 2022

I had a catastrophic relationship with incumbent banks.”. In February, Neon raised a $300 million Series D financing that valued the company at $1.6 While Conrade declined to reveal hard revenue figures, he did share that Neon grew its revenue by 3x in 2021 and he expects that the company will at least more than double it this year.

incumbents 86

incumbents financing finance education 86

TechCrunch

JANUARY 15, 2023

It achieved unicorn status in August 2021 and at the time was eyeing an IPO. Level was founded by Vladimir Korshin, Asa Schachar and Molly Hogan in 2021.” In September 2021, I covered Vouch’s announcement of $90 million in new funding. Both Vouch and Level are Y Combinator alums. billion, had cut 10% of its staff. I did, too.

incumbents 117

incumbents energy board investing 117

TechCrunch

FEBRUARY 2, 2022

Other backers include Global Founders Capital and a number of high-profile angel investors, such as GGV Managing Partner Hans Tung, ALLVP Partner Antonia Rojas and LaHaus founders Jeronimo Uribe and Tomas Uribe, among others. And in January, fulfillment is up 20% compared to November of 2021.

enablement 97

enablement startup incumbents transportation 97

TechCrunch

MARCH 29, 2022

Founded in : 2021. Founders : Before beU delivery, Hao Zheng, who leads the team as chief executive, was the founder and CEO of Yooul, a social networking app in China. Founded in : 2021. Founders : Ahmed Ismail, a second-time founder who has worked for Goldman Sachs and Barclays, is the CEO. beU delivery.

startup 91

startup hospitality health financing 91

TechCrunch

SEPTEMBER 24, 2021

The Long Island-based company was founded in 2019 by Hungryroot co-founder Gregory Harry Struck after he adopted a plant-based diet while battling cancer. “It In fact, of the $348 billion in annual sales generated by the top 25 food and beverage incumbents in the U.S.,

ventures 97

ventures incumbents startup health 97

TechCrunch

MARCH 2, 2022

million in debt and grant financing from BPI France , the French government’s public investment bank. Susu founders. Revenue also increased more than 400% in 2021, the company said. “I The equity raise saw participation mainly from angel investors, as the company also raised $1.2 So that’s how the story started.”.

health 95

health startup consulting incumbents 95

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. The latest capital infusion comes less than a year from a $60 million Series C round that happened in June 2021. He exited the company to Lowe’s in 2019.

capital 89

capital startup enablement incumbents 89

TechCrunch

JANUARY 22, 2023

billion raised across 447 deals in 2021. While of course I still believe fintech is in its early innings, I do also think that people went a little too crazy, too fast in 2021 and a lot of companies that probably shouldn’t have gotten funded did. Snafus can happen even when incumbents and fintechs partner. That compares to $25.3

incumbents 105

incumbents media ventures financing 105

AsiaTechDaily

JANUARY 19, 2023

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. Fintech help SMEs manage their finances and capital with convenience and efficiency. Komunal has channeled $230 million (equivalent to IDR 3.6

peer-to-peer 54

peer-to-peer incumbents accelerator economic growth 54

TechCrunch

FEBRUARY 10, 2021

Co-founder and CEO Kristy Kim came up with the concept for the company after being rejected multiple times for an auto loan while in her early 20s. Angel and individual investors also put money in the round, including: Backstage Capital founder Arlan Hamilton, ex-Venmo COO Michael Vaughan and James Kim, former head of finance at Tinder. .

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

JANUARY 26, 2022

The latest financing brings the San Francisco-based startup’s total funding raised to $50 million. Adam Carmel, founder and CEO of Polly , says the company has increased its customer count by nearly 3x over the past year, including “several of the country’s top 100 lenders.”.

incumbents 78

incumbents financing finance SaaS 78

Haystack

DECEMBER 26, 2018

Maybe it will be 2019, or 2020 — or even 2021. TechCrunch’s Kate Clark has done a round-up of the largest “private VC” rounds of 2018, and there’s a whole other list for just $100M+ financings led by Softbank’s Vision Fund. I am expecting a downturn at some point. Money has been coming into the U.S.

opportunity 76

opportunity incumbents VC culture 76

TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. Wynn started the company in January 2021 with his co-founder Praveen Chekuri after working together at Instacart. Ascend on Wednesday announced a $5.5 Brokers are here to stay,” he added.

financing 83

financing finance incumbents disruption 83

TechCrunch

MAY 8, 2022

In a since-deleted tweet, Plaid CEO and co-founder Zach Perret replied to a tweet from Stripe PM Jay Shah, essentially questioning the “methods” in which Stripe may have gathered information on building the product. Meanwhile, Patrick’s brother and co-founder, John, tweeted that it was “gracious” of Perret to delete his original tweet.

real estate 87

real estate financing finance venture capital 87

TechCrunch

MARCH 2, 2021

The latest to show its hand is Berlin-based Flink , which today is announcing that it has raised a hefty $52 million in seed financing. Founder-market-fit? Jessica Schultz, general partner at Northzone and previously a co-founder of HelloFresh, agrees. Cristina Stenbeck from Kinnevik also joins the round in a personal capacity.

startup 101

startup incumbents financing finance 101

TechCrunch

JANUARY 13, 2022

Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. After helping to scale Monobank in Europe, Dmytro Dubilet , one of its co-founders, aims to do the same in emerging markets via his new company. and Middleware founder and CEO Alexander Vityaz. .

incumbents 104

incumbents financing finance investing 104

TechCrunch

MARCH 27, 2022

On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 Ramp says its revenue grew “early 10x” in 2021 compared to 2020 while its cardholder base grew 7x and its user base grew 15x. billion last year — up 153% year-over-year in terms of global VC deal value.

ventures 96

ventures technology startup real estate 96

TechCrunch

JANUARY 19, 2023

Since its founding, it’s attracted interest from investors including Valar Ventures, Tiger Global, Amplo, Pareto Holdings, Quiet Capital and Shutterstock co-founder and CEO Jon Oringer. based electronic money and finance data transfers — increased 8.7% .” Link claims to be one of the first companies in the U.S.

incumbents 100

incumbents enablement accelerator financing 100

TechCrunch

APRIL 8, 2022

The fundraising market is losing some of its founder-friendly shine. With VCs pulling back on the reins, valuations slipping, and 2021’s hype fading, founders are finding themselves working harder to raise capital than they were in 2021, Alex Wilhelm found in his analysis of early data from DocSend.

transportation 88

transportation venture capital incumbents hospitality 88

TechCrunch

MAY 3, 2022

When robotic process automation company UiPath filed to go public in March 2021, the startup had just closed a $750 million round that helped it clinch a $35 billion valuation. “They are the strongest company in the segment and well financed in this growing market,” said Forrester analyst Craig Le Clair. per share.

pitching 84

pitching SaaS incumbents ventures 84

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 Then in March of 2021, Nelo launched its first product via an Android app.

incumbents 92

incumbents financing finance capital 92

TechCrunch

JANUARY 30, 2022

CEO and co-founder Sam Shawki told me in October that he believed his startup “will be the dominant party on the Android side, which is 85% of the universe.”. Esusu co-founders and co-CEOs Nigerian-born American Abbey Wemimo and Indian American Samir Goel come from immigrant homes and say they experienced firsthand financial exclusion.

incumbents 136

incumbents SaaS angel investing ventures 136

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

MARCH 15, 2021

Dominic Yap, chief operating officer and co-founder, and Ben Pfisterer, chief executive officer and co-founder of Zeller. Fintechs could see $100 billion of liquidity in 2021. You’ll hear firsthand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios.

incumbents 83

incumbents hospitality financing finance 83

Y Combinator

AUGUST 30, 2021

In the long run, software platforms have the potential to be much larger than traditional incumbents. When Gusto founders Josh, Tomer, and Eddie came together in 2011, they saw an unmet need in small business payroll. 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 30, 2022

Insurtech companies have been among the biggest victims of the public market selloff, especially those that went public in 2021. Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade , and it hasn’t been alone in losing a lot of value and being eyed by peers and incumbents.

peer-to-peer 92

peer-to-peer sustainability ventures incumbents 92

TechCrunch

JUNE 17, 2021

Existing backers Better Tomorrow Ventures, Aleph, Flourish Ventures and TLV Partners also participated in the latest financing. . Founders Itai Damti and Doron Somech are no strangers to growing companies. Unit Go is currently in beta and will be available to the public in the fall of 2021. . Unit raises $18.6M

incumbents 89

incumbents financing finance accelerator 89

TechCrunch

SEPTEMBER 7, 2021

2021, however, has been a different story: new pricing rules being put into place will likely see a number of providers tip into the red for the year. Regardless of whether Marshmallow is the first or one of the first, given the dearth of diversity in the U.K. “They are big companies and stuck in their ways.

incumbents 87

incumbents technology startup strategy 87

TechCrunch

AUGUST 7, 2022

billion valuation, which is 85% below its June 2021 raise…As prices and valuations stabilize, we will see deals ramp back up.”. Besides the fact that the company has shed about 1,000 workers this year alone, we also were struck by the fact that CEO Vlad Tenev took responsibility for Robinhood’s overhiring in the frenzy that was 2021.

real estate 106

real estate VC mix-use opportunity 106

TechCrunch

NOVEMBER 13, 2022

Also last week, FTX CEO and founder Sam Bankman-Fried admitted he “f *d up” and “should have done better” right before FTX declared bankruptcy and he stepped down from his role. This is after the crypto exchange was valued at $32 BILLION earlier this year. Unfortunately, either way, thousands of employees are paying the price. Weekly News.

real estate 97

real estate incumbents mix-use financing 97

TechCrunch

SEPTEMBER 18, 2022

So I talked to Varo CEO and founder Colin Walsh to find out if it was worth it. 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. I covered the company’s 2021 raise here. It was a bold, and risky, move. His answer?

real estate 82

real estate incumbents opportunity founder 82

TechCrunch

DECEMBER 20, 2021

The World Bank estimates that some $589 billion will be sent this way 2021, according to research from the World Bank, up 7.3% on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19. You need to have the utmost trust to take that money and send to someone else.”

incumbents 94

incumbents communities networking capital 94

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

SEPTEMBER 22, 2022

Nurasyl Serik and Volodymyr Fedoriv started Remofirst in 2021 to open up that option to more businesses with a SaaS offering they say is more cost-efficient, quicker and comprehensive than what currently exists. Mouro Capital and QED Investors co-led the financing, which included participation from Counterpart Ventures.

incumbents 90

incumbents SaaS capital health 90

Y Combinator

DECEMBER 8, 2021

But the company will end 2021 with revenues close to 2x its pre-pandemic peak, in spite of continued low interest rates, reduced travel, and depressed pandemic spending. 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.

peer-to-peer 101

peer-to-peer incumbents financing finance 101