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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. Charles Gorra, founder and CEO of Rebag, declined to talk about valuation, but did say it was “a steep evolution from the last time.”

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Monzo Makes Money Work For Everyone

Y Combinator

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. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. This did not happen by magic. trillion in deposits.

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

AsiaTechDaily

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. billion) worth of deposits and loans to local BPRs and MSMEs in 2022. Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet?

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Lydia grabs another $100 million for its European financial super app

TechCrunch

At first, Lydia was a peer-to-peer payment app. By adding more products on top of peer-to-peer payments, Lydia wants to drive engagement. Lydia plans to hire 800 people over the coming three years, including 160 people in 2022 alone. Times are changing. But now, many VC firms have raised huge funds.

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Cloud optimization startup ProsperOps lands $72M investment

TechCrunch

billion in 2022. billion in 2022. Veritas, a cloud data management vendor, found in a 2022 poll that upwards of 94% organizations incur higher costs than anticipated when using a public cloud service provider and overspend by an average of 43%. The cloud is growing expensive. billion in 2023, up from $490.3

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

trillion in loan originations in 2022. If you’ve ever taken out a mortgage, you know how painful and tedious the process can be. In an effort to make it simpler, faster and cheaper, a pair of former Blend employees have teamed up to build mortgage loan origination software that will connect banks, credit unions, mortgage bankers and brokers.

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Monzo Makes Money Work For Everyone

Y Combinator

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. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. Venmo) or split the bill (e.g.,