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Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

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. A record year with 151 new unicorns.

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Singapore wealth management platform Endowus raises $35M

TechCrunch

Back in 2021 and early 2022, there was a flurry of VC interest in Southeast Asian investment apps. Despite macroeconomic challenges, Endowus said it saw organic revenue growth of 80% in 2022 and tripled its group revenue after completing the acquisition of multi-family office Carret Private. million in follow-on funding.

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So you want to launch an AI startup

TechCrunch

But it also could be the worst of times for founders thinking about launching an AI startup, especially one that can grow and be defensible against incumbents in a fast-changing environment. CB Insights compiled data from 2021 and 2022 to understand where VC investment money has been going when it comes to generative AI startups.

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Vesey Ventures closes on $78M debut fund to back early-stage fintech startups

TechCrunch

After working together for nearly one decade, three former managing directors of Amex Ventures in early 2022 branched out to form their own fintech-focused venture firm, Vesey Ventures. combined and more than doubled the amount raised by female-led VC firms so far in 2023. It plans to invest $1.5 Want more fintech news in your inbox?

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Identity security platform Oort bags new cash to grow its product

TechCrunch

VC firms poured $2.3 Companies such as Socure , Transmit Security and Trulioo have raised hundreds of millions of dollars between them within the last few years, while others, like Auth0, have been snapped up by incumbents like Okta. The company plans to grow to 25 people by the end of 2022. Image Credits: Oort. .

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Payments remain the darling of the fintech space

TechCrunch

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

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YC’s latest batch cuts African startup presence by more than half

TechCrunch

Where is Y Combinator startup-hunting in 2022? One reason it attracts the most VC dollars is how expensive building a fintech product can be when factors such as integration, compliance and licensing are considered. Fintech … and others. The most funded sector in Africa is also fintech.

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