TechCrunch

DECEMBER 15, 2021

Its aim is to “finance consumption for Brazilians in a healthy way.” “It’s a huge market that is still controlled by incumbents charging extremely high interest rates, which makes it difficult for people to pay back their loans. It also aims to allow its customers to access over $616 million in financing in 2022. .

incumbents 80

incumbents startup financing finance 80

TechCrunch

FEBRUARY 10, 2021

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. . We are living in 2021 and open banking is popular, so it’s easier to get access to open banking data. And that’s not their fault.

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

JUNE 22, 2022

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. There’s been an improvement on the former: 58% of innovators that raised funding in the last 12 months cited Africa-led investors as a source of financing. In 2021, they received just $1.6

investment 114

investment investing health startup 114

TechCrunch

DECEMBER 2, 2021

The Mexico-based startup closed the $15 million Series A round and $20 million debt financing after participating in Y Combinator’s Winter 2021 cohort. Mendel says its software gives finance teams a way to manage card transactions in real time, set granular spend rules and track spending from a central dashboard.

incumbents 90

incumbents financing finance frameworks 90

TechCrunch

MARCH 4, 2022

Yesterday, The Exchange dug into the data behind the CVC market’s very busy 2021. The corporate venture capital (CVC) market is booming. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

capital 83

capital venture capital incumbents creativity 83

TechCrunch

JUNE 5, 2022

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In February 2021, corporate spend startup Brex was the latest fintech to apply for a bank charter. What does this mean for digital banks as a whole?

incumbents 96

incumbents finance financing pitching 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. 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

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 finance financing education 86

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. In 2021, NorthOne replatformed the company with a new banking partner, The Bancorp Bank, N.A, The financing brings NorthOne’s fundraising total to $90.3 an investment that it says has paid off.

capital 98

capital incumbents education financing 98

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

FEBRUARY 2, 2022

And in January, fulfillment is up 20% compared to November of 2021. It also plans to soon offer embedded finance products. Additionally, Melonn works with a range of transportation providers, including incumbents such as FedEx or DHL and last-mile startups, to reduce shipping times and costs. .

enablement 97

enablement startup incumbents transportation 97

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. African tech took center stage in 2021. They are electronic yet manual processes that make their work very inefficient.

incumbents 80

incumbents transportation collaboration consulting 80

TechCrunch

SEPTEMBER 16, 2021

Tile , the maker of Bluetooth-powered lost item finder beacons and, more recently, a staunch Apple critic , announced today it has raised $40 million in non-dilutive debt financing from Capital IP. During the first half of 2021, Tile says revenues increased by over 50%, but didn’t provide hard numbers.

mix-use 99

mix-use incumbents networking finance 99

TechCrunch

FEBRUARY 11, 2022

There were other funding events and product launches, but that’s enough of a sample for us to understand that private-market investors around the world are investing in the consumer checkout-and-credit capability, even after industry incumbents Affirm went public and Klarna has grown to massive scale with global reach.

startup 89

startup incumbents financing finance 89

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 75

peer-to-peer incumbents accelerator economic growth 75

TechCrunch

MARCH 29, 2022

Founded in : 2021. Founded in : 2021. Founded in : 2021. Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Founded in : 2021. Founded in : 2021. beU delivery. Website : [link]. Team size : 300. Website : [link].

startup 91

startup hospitality health finance 91

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

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. billion in 2021.

networking 88

networking startup incumbents energy 88

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. The banks and incumbents take advantage of that and make people feel like they’re not smart enough to manage their money. The demand for what Flink has to offer is clear.

investment 91

investment investing education incumbents 91

TechCrunch

JANUARY 16, 2021

M1 Finance , a fintech startup that brings together lots of pieces of the fintech playbook into a single service, reached $3 billion in assets under management (AUM) this week. But I really bring up the M1 Finance milestone for a different reason. Namely for Affirm and Poshmark, which priced well and started to trade.

incumbents 128

incumbents finance financing SaaS 128

TechCrunch

FEBRUARY 21, 2022

He founded the company with his sister — both Congo-born Chinese — in November 2021 after noticing the opportunity to duplicate the success of web3 projects in Southeast Asia across Africa. The company said this would enable students to explore opportunities in play-to-earn gaming and decentralized finance (DeFi).

education 96

education incumbents mix-use media 96

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. African tech took center stage in 2021. to $5B in 2021.

investment 99

investment investing ventures incumbents 99

TechCrunch

JANUARY 30, 2022

As these technologies proliferate in everyday life, we’ll witness the advent of the Internet of Payments …Together, sooner than you might think, the newcomers will unseat the incumbents. Seriously, the extent at which this company shares the details of its finances is something to be admired and we wish all startups would follow suit.

incumbents 136

incumbents SaaS angel investing ventures 136

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. Meanwhile, the new financing will be used to expand further within Germany and into additional European markets this year. Cristina Stenbeck from Kinnevik also joins the round in a personal capacity.

startup 101

startup incumbents financing finance 101

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 investment investing 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. “They are big companies and stuck in their ways. These companies have been around for decades, some for centuries.

incumbents 87

incumbents technology startup strategy 87

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 92

incumbents peer-to-peer health opportunity 92

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 finance 105

TechCrunch

JANUARY 26, 2022

The latest financing brings the San Francisco-based startup’s total funding raised to $50 million. While it invested mostly on its product in 2021, it plans to put some of its new capital toward its go to market strategy while continuing to be “heads down focused on product.”

incumbents 78

incumbents financing finance SaaS 78

TechCrunch

JUNE 29, 2022

.” April, which Borodach co-founded in 2021 with Daniel Marcous, previously the CTO of Waze, is an attempt to cut through the complexities of the U.S. ” Countless vendors offer online tax prep services, including incumbents like TurboTax and H&R Block. Financing climbed to $131.5 moving to another state).

incumbents 87

incumbents financing finance advice 87

TechCrunch

JANUARY 13, 2022

Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. In November 2021, Fintech Farm launched in its first market, Azerbaijan. Digital banks, neobanks, challenger banks or whatever you may call them, are among the biggest recipients of VC investments in fintech.

incumbents 104

incumbents finance financing 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. Robinhood expands into consumer finance while Apple steps up its fintech game.

ventures 96

ventures technology startup real estate 96

TechCrunch

MAY 8, 2022

Led by Lindsay Holden, the startup had raised more than $20 million in funding and had built a gamified finance mobile app that aims to help people “save, learn and engage” with their finances. In other words, incumbents in some cases need fintechs even as they compete with them. million in a round led by Firebrand Ventures.

real estate 87

real estate financing finance venture capital 87

TechCrunch

OCTOBER 12, 2021

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. Two Sigma Ventures Partner Frances Schwiep believes that Nelo has the potential to emerge as the leading financing option for consumers in LatAm, starting with BNPL.

incumbents 92

incumbents financing finance capital 92

TechCrunch

JANUARY 19, 2023

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. based electronic money and finance data transfers — increased 8.7% But Shoykhet welcomes the rivalry. currently.

incumbents 100

incumbents enablement accelerator finance 100

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

APRIL 8, 2022

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. The fundraising market is losing some of its founder-friendly shine.

transportation 88

transportation venture capital incumbents hospitality 88