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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. Corporated-backed programs provide an alternative — Booz Allen Ventures joins Lockheed Martin’s Lockheed Martin Ventures and HorizonX, which spun off from Boeing in August 2021.

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Financial Inclusion for Latinos Gains $4.5M Seed Capital for Latino-founded Neobank

American Entrepreneurship

Comun observed that no incumbent bank offers a full Spanish language banking experience. Comun gained investor support of $4.5M economy that is excluded from services and support that could help their financial growth and mobility. Seed capital to serve the 44 million Latinos with Spanish as a primary language in the U.S.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

“We are humbled by the overwhelming support from our investors, rural bank partners, and loyal users. Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. Komunal has channeled $230 million (equivalent to IDR 3.6

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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

billion at the time of its last raise in 2021. For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There And if so, why? Image Credits: Varo.

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

TechCrunch

He expects 2021 revenue growth to be five times over 2020, while Fuzzy memberships, which start for free and then a monthly subscription of $24.99 Bhettay is also seeing the larger incumbents focus here, as well as marketing dollars, which he considers validation that the market is shifting to the digitalization of pet care.

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So much fintech M&A

TechCrunch

It achieved unicorn status in August 2021 and at the time was eyeing an IPO. Fidelity said its purchase of Shoobx is a sign of its commitment to the private market “and will help to satisfy an increasing demand Fidelity sees from private companies to support them as they scale and grow.”. Both Vouch and Level are Y Combinator alums.

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

With the latest funding, ManageXR will support its expanding team and go-to-market strategy as the company has experienced rapid growth since becoming available to beta users in November 2019 and officially launching in April 2021. Los Angeles-based Talespin nabs $15 million for its extended reality-based workforce training tools.