TechCrunch

AUGUST 16, 2021

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. million in a deal that was designed to accelerate its acquisition of a national bank charter.

incumbents 106

incumbents accelerator technology startup 106

TechCrunch

MAY 12, 2021

The Buenos Aires-based startup’s new infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via “compliant” onboarding processes. The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exception.

incumbents 107

incumbents financing finance ventures 107

TechCrunch

JULY 13, 2021

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. The company is able to show what kind of financing can be obtained based on the amount of data customers provide.

support 100

support financing finance funders 100

Tomasz Tunguz

JUNE 21, 2022

Lee headed finance for the company from $15m in ARR to more than $1b. During those processes, the team should collaborate on different scenarios and identify the signals to slow, maintain, or accelerate spending. Lee underscored the importance of involving a broader team in hard-financial decisions to build trust. Compensation.

startup 63

startup incumbents accelerator sustainability 63

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. The company also plans to use its new capital to accelerate its product road map and toward business development efforts.

financing 96

financing finance incumbents venture capital 96

TechCrunch

AUGUST 30, 2021

Ola Electric is in advanced talks to raise between $250 million to $500 million in a new financing round as the Indian firm looks to scale its electric vehicle manufacturing business in the South Asian market, according to two sources familiar with the matter. billion to $3.5 ” The story was updated with additional details.

peer-to-peer 99

peer-to-peer incumbents accelerator financing 99

TechCrunch

MARCH 2, 2021

Crisp , an Amsterdam-based, online-only supermarket focused on fresh produce, has raised €30 million in a Series B financing led by leading Target Global and joined by Keen Venture Partners and the co-founders of Adyen and Takeaway.com. Crisp has now raised a total of €42.5 million to date.

incumbents 100

incumbents board accelerator financing 100

TechCrunch

AUGUST 4, 2022

The financing marks the company’s first ever institutional funding. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs. Endeavor Catalyst also participated in the financing.

startup 84

startup incumbents financing finance 84

TechCrunch

FEBRUARY 10, 2021

That fall, the startup (short for Tomorrow’s Credit) was accepted into the Barclays Accelerator, powered by Techstars. 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. .

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

FEBRUARY 2, 2021

Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. The funding actually marked BTV’s first investment in a cohort member of its inaugural accelerator program. . million in a seed round.

data analysis 89

data analysis incumbents hospitality construction 89

TechCrunch

AUGUST 24, 2021

For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. We believe Cora is a once in a generation company building efficient digital finance tools for small businesses.

incumbents 96

incumbents capital financing finance 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. That’s why he believes now is the time to accelerate CommerceIQ. He exited the company to Lowe’s in 2019. Meanwhile, $1.1 It’s certainly not slowed down.

capital 89

capital startup enablement incumbents 89

TechCrunch

FEBRUARY 2, 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. . And in January, fulfillment is up 20% compared to November of 2021. So, just how does it work?

enablement 97

enablement startup incumbents transportation 97

TechCrunch

FEBRUARY 1, 2022

Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

incumbents 107

incumbents VC accelerator investing 107

Both Sides of the Table

APRIL 18, 2019

Unit Economics Accelerating One topic I heard a lot in investor circles last year and in the press a lot was that there weren’t good unit economics and therefore the scooter market was never going to perform well. It’s truly staggering to realize that just a year ago we really hadn’t begun nationalizing let along globalizing.

transportation 250

transportation incumbents disruption financing 250

TechCrunch

FEBRUARY 10, 2021

The injection of cash will be used for continued geographical expansion and to accelerate the development of new products. Notably, this will include plans to launch in 10 new markets as Northmill aims to step on the gas. Next stop, Norway.

incumbents 93

incumbents sustainability board accelerator 93

TechCrunch

OCTOBER 28, 2021

As credit card and payments firms eye BNPL as a new growth opportunity, incumbents like Klarna and Affirm are seeking ways to make their installment loans available to more consumers. The bigwigs enter the fray. “If they want an option from their banks, we’re helping offer those too.”

incumbents 95

incumbents accelerator enablement opportunity 95

TechCrunch

APRIL 28, 2021

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.

incumbents 102

incumbents financing finance strategy 102

TechCrunch

APRIL 28, 2021

May commented: “We are proud to have established Finoa as Europe’s leading gateway for institutional participation and incredibly excited to accelerate our growth even further. ” “Being in the European Union requires a fundamentally different organizational setup, and poses a very high entry to new incumbents and other players overseas.

capital 79

capital incumbents innovation accelerator 79

TechCrunch

NOVEMBER 2, 2022

There’s been an explosion of enterprise data in recent years, accelerated by pandemic-spurred digital transformations. Alation counts more than 25% of the Fortune 100 as clients, touching verticals such as finance, healthcare, pharma, manufacturing, retail, insurance and tech. billion and growing toward $11.6

incumbents 86

incumbents collaboration enablement leadership 86

TechCrunch

OCTOBER 12, 2021

With the latest Series A financing, Nelo has raised a total of $25.6 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. million since its 2019 inception. To be clear, Nelo is not the only player in the Mexican market.

incumbents 92

incumbents financing finance capital 92

Haystack

DECEMBER 26, 2018

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. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

opportunity 76

opportunity incumbents VC culture 76

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

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 financing 100

TechCrunch

JANUARY 11, 2022

But Novo sees incumbents as the real “challenger” here. The company has seen truly accelerated growth in the last year, and specifically the last six months, both in terms of customer numbers and in terms of how much its app is getting used. “We are competing against big banks.

incumbents 99

incumbents financing finance health 99

Entrepreneurs' Organization

OCTOBER 30, 2018

Incumbent human processes were cumbersome, laborious, costly, slow and demoralizing. If you are interested in entrepreneurship, innovation and accelerating your growth, then you will want to register for EO24/7 , EO’s annual virtual-learning event. We used this type of expert knowledge to power our semantic engines.

innovation 157

innovation hospitality incumbents technology 157

TechCrunch

JUNE 17, 2021

Existing backers Better Tomorrow Ventures, Aleph, Flourish Ventures and TLV Partners also participated in the latest financing. . Silicon Valley-based Accel led the round for Unit, bringing the company’s total raised since its 2019 inception to nearly $70 million. Unit raises $18.6M to offer banking features as a service.

incumbents 89

incumbents financing finance accelerator 89

TechCrunch

MAY 11, 2021

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. We knew a relationship with TransUnion in particular had the capacity to significantly accelerate our business,” he said.

collaboration 95

collaboration incumbents networking disruption 95

TechCrunch

MARCH 29, 2022

Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. ” Founders : Tobi Ololade, the CEO, was the chief technological officer of TradeBuza, a data and API infrastructure for agriculture finance. Robert Nyangate is the company’s CTO.

startup 91

startup hospitality health financing 91

TechCrunch

AUGUST 7, 2022

Most of those are product buys to drive or accelerate revenue growth with the secondary benefit of getting new talent, Ruark said. ” 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.”

real estate 106

real estate VC mix-use opportunity 106

TechCrunch

SEPTEMBER 18, 2022

This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. FIS has launched Worldpay for Platforms, an embedded finance solution aimed at SMBs. These companies, of course, join a plethora of others in the U.S.

real estate 82

real estate incumbents opportunity founder 82

TechCrunch

NOVEMBER 2, 2020

However, Allianz noted in a recent report that the market has “cooled” this year as a result of COVID-19 economic unease, but that is also accelerating trends for new technologies and new approaches. Insurance is a huge industry, with McKinsey estimating back in 2017 premiums of more than €4 trillion globally.

incumbents 66

incumbents health accelerator founder 66

Tomasz Tunguz

APRIL 1, 2013

What kinds of moves are the incumbents making and how they change the market? Financing plan : What are the major buckets of expenditures? Sometimes investors will have deep experience in a sector or know the team very well both of which can accelerate the process significantly. How concentrated is the market?

VC 41

VC startup pitching incumbents 41

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 101

peer-to-peer incumbents financing finance 101

TechCrunch

SEPTEMBER 8, 2022

According to the accelerator, the decision to downsize the S22 batch — significantly smaller than its most recent batches — was a result of the economic downturn and changes to the venture funding environment this year. Last month, Y Combinator said that it had intentionally reduced its summer cohort by 40%.

startup 81

startup incumbents accelerator financing 81

TechCrunch

APRIL 6, 2021

D1 Capital Partners led the financing, with participation from Tiger Global and Investment Group of Santa Barbara (IGSB), the company said. “The pandemic accelerated OneStream’s business given that it was a wake-up call for many companies that had not digitally transformed their key finance processes,” said Koefoed.

financing 69

financing finance incumbents enablement 69

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 40

peer-to-peer incumbents financing finance 40