TechCrunch

FEBRUARY 1, 2022

And despite public markets’ rocky start in early January, we’re confident that 2022 will be another banner year for the sector. Then, we’ll turn our attention to the year ahead and offer some predictions for fintech in 2022. Fintech continued to outperform the market by 3x.

incumbents

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

TechCrunch

OCTOBER 21, 2021

Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. Its goal is to hire another 150 employees by the end of 2022, according to Irigoyen, who was an early employee at Google LatAm.

finance

TechCrunch

NOVEMBER 23, 2021

Column Tax’s tax prep product, “Tax Filing,” will also launch in February 2022 in time for the upcoming tax season, the company told TechCrunch. Wealthy Americans have access to CPAs and accountants and tax advice people watching over their finances year-round.

incumbents

TechCrunch

FEBRUARY 2, 2022

Looking ahead, CEO Gomez projects that it will fulfill close to 6 million items in 2022. 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

TechCrunch

SEPTEMBER 8, 2022

Where is Y Combinator startup-hunting in 2022? And as financial services proliferate across Nigeria and the rest of Africa just like the rest of the world, it’s logical that upstarts offering neobank and embedded finance services rely on BaaS platforms such as Anchor — a startup in this batch — to launch quickly. Fintech … and others.

startup

AsiaTechDaily

OCTOBER 15, 2022

Register Indonesian open finance platform Ayoconnect has raised an additional $13 million in its Series B funding round, bringing the total amount it raised to date to $43 million. In January 2022, Ayoconnect raised an oversubscribed Series B funding led by Tiger Global.

incumbents

TechCrunch

JANUARY 11, 2022

But Novo sees incumbents as the real “challenger” here. The company said that as of this month, it’s on track to see lifetime transactions for 2022 grow to $7 billion (although given it’s only January, that figure is likely to change). “We are competing against big banks.

incumbents

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. Here are just a few we’ve seen just this month: Akeneo, focused on product experience and information management, brought in $135 million in Series D financing.

capital

TechCrunch

SEPTEMBER 20, 2022

But a new startup, DynamoFL , hopes to take on the incumbents with a federated learning platform that focuses on performance, ostensibly without sacrificing privacy. Tech giants, including Nvidia (via Clara ), offer federated learning as a service. The startup has four employees currently, with plans to hire 10 by the end of the year.)

incumbents

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. How did Checkout.com perform in 2022? Rowe Price for three years.

innovation

TechCrunch

NOVEMBER 13, 2022

Kelman went on to say that the company’s June layoff was in response to Redfin’s expectation that it would sell fewer houses in 2022. From Tage Kene-Okafor: Kuda , the London-based and Nigerian-operating startup taking on incumbents in the country with a mobile-first and personalized set of banking services, is expanding to the U.K.

real estate

TechCrunch

APRIL 14, 2022

From March 2021 to March 2022, the company says it saw a 2,200% increase in wallet growth. That subscription service saw 50% quarter over quarter growth between Q1 2021 through Q1 2022, according to Welcome Tech. I think that’s a big moat around any of the incumbents,” he said. “In Image Credits: Welcome Tech.

education

TechCrunch

AUGUST 7, 2022

Specifically, it said, in Q2 2022, “ VC investment in fintech companies fell 17.8% ” Also in the report: “Exits have also stalled as IPO activity grinds to a halt, and analysts expect fintech startups will attract the attention of incumbents looking for M&A opportunities.” from the previous quarter” to $24.1

real estate

Y Combinator

DECEMBER 8, 2021

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. In 2022 and beyond, Monzo’s revenues are likely to further accelerate as they benefit from cross border-travel, increased EU interchange rates, and new products.

peer-to-peer

TechCrunch

SEPTEMBER 30, 2022

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. Insurtech IPOs don’t seem to be on the cards for 2022. How much have early-stage insurtech deals slowed in 2022?

peer-to-peer

TechCrunch

JANUARY 15, 2023

” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. It looks like incumbent banks and institutions are still struggling when it comes to offering tech-enabled financial services. I did, too.

incumbents

Y Combinator

DECEMBER 15, 2022

Problems & Ideas: Financing as a service for building electrification Contractor enablement Finding ways (at scale) to add trust as well as ensure accountability Improving the quote lifecycle to reduce time spent (and truck rolls), automate system design, and improve installed system performance. short haul aviation and shipping).

energy

TechCrunch

OCTOBER 13, 2022

The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus. Ayoconnect says it is the only open finance player in Indonesia to be licensed by the central bank.

enablement

Andreessen Horowitz

AUGUST 30, 2023

Popularized by Michael Milken at Drexel Burnham Lambert, the invention wasn’t all that complicated: issue bonds with very high interest rates and correspondingly high risk, and use that capital to finance the wholesale acquisition of mismanaged, inefficient, and sclerotic companies. billion, against almost $2.8

opportunity

TechCrunch

MAY 29, 2022

Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60 million Series B financing round, lifting its total funding to $90 million since the business launched just nine months ago. by 2022, compared to China’s 6% and South Korea’s 34% in 2020.

incumbents

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

TechCrunch

JANUARY 22, 2023

There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, I dug into CB Insights’ State of Fintech 2022 report. billion in 2022. That’s a big drop even from just the first quarter of 2022, in which we saw $5.3 That compares to $25.3

incumbents

TechCrunch

JANUARY 27, 2022

trillion in loan originations in 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

TechCrunch

JUNE 23, 2021

Lower , an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. The financing also marks the previously bootstrapped Lower’s first external round of funding in its seven-year history. This round is notable for a number of reasons.

financing

TechCrunch

JANUARY 13, 2022

Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. Our next market is going to be Nigeria, we have visited Nigeria a couple of times already and it is one of our favourite countries,” said Dubilet, adding that the launch will likely take place in the first quarter of 2022.

incumbents

TechCrunch

DECEMBER 7, 2021

What’s really impressive with this round is that it is primarily financed by existing investors,” Lydia co-founder and CEO Cyril Chiche told me. Lydia plans to hire 800 people over the coming three years, including 160 people in 2022 alone. He doesn’t think it’s a duel between neobanks and incumbents. Times are changing.

peer-to-peer

TechCrunch

MAY 3, 2022

“They are the strongest company in the segment and well financed in this growing market,” said Forrester analyst Craig Le Clair. H1 2022 cybersecurity product-led growth market map. H1 2022 cybersecurity product-led growth market map. ” Pitch deck pro tips from a leading Silicon Valley venture capitalist.

pitching

TechCrunch

MARCH 27, 2022

Meanwhile, Jeeves says it has seen its revenue grow by 900% since its September raise and even more impressively, that in the first two months of 2022, it brought in more revenue than all of 2021. Startups like these are keeping the incumbents (relatively speaking) on their toes. billion in annualized gross transaction volume (GTV).

ventures

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.

incumbents

TechCrunch

MARCH 16, 2023

Mironov came from the finance world, having spent several years as a private equity analyst, associate and consultant. And of course incumbent payroll providers like Square offer their own solutions. In fact, one survey found that three out of every five gig workers lose earnings because of technical difficulties clocking in or out.

incumbents

TechCrunch

MAY 22, 2022

I find it kind of fascinating when fintechs buy incumbents, and I expect we’ll only continue to see more of it. The company, helmed by co-founder and billionaire Sam Bankman-Fried, said that its launch will start in private beta mode for a select group of customers chosen from a waitlist before a full rollout in late 2022.

real estate

TechCrunch

APRIL 23, 2023

They also worked a lot on helping fintechs build partnerships with incumbent financial institutions — experience they plan to use to offer portfolio companies bespoke “Strategy Sheets” alongside term sheets. billion, or a 12% drop in funding from the fourth quarter of 2022. And, it’s important to note that of that $15 billion, $6.5

startup

TechCrunch

APRIL 14, 2022

But Amy Spurling, the CEO of Compt, makes the case that incumbent solutions are overly reliant on vendor marketplaces or benefits cards, which limit the ways in which employees can use their perks. Spurling was previously the COO and CFO at Jana, a mobile advertising company, where she managed HR and finance teams.

incumbents

TechCrunch

MARCH 22, 2023

Besides seeking to snag market share from incumbents such as Concur, Brex is also taking on startups such as Navan (formerly called TripActions) — which actually started its business focused on travel expense management before broadening its offering — and also Ramp, which itself expanded into travel last year.

incumbents

TechCrunch

FEBRUARY 13, 2023

In 2022, web3 was one of the big buzzwords in town, with the metaverse and tangential immersive technologies also jostling for mindshare. It’s clear that Neeva has its work cut out if it’s to differentiate in a market that includes long-established billion-dollar incumbents, and other agile startups, with much the same goals.

pitching