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Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

TechCrunch

It will be interesting to see how newer entrants in the SaaS banking-platform space disrupt what are, effectively, becoming incumbents in their own right: Mambu is now approaching 10 years old (it was founded in 2011). EDIT: An earlier version of this article misstated the amount raised as €100 million.

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TechCrunch+ roundup: Alternative financing, Web3 adoption, India’s hot Q3 fundraising

TechCrunch

At TechCrunch Disrupt, Houseparty founder Ben Rubin emphasized decentralization as Web3’s central feature. Full TechCrunch+ articles are only available to members. We have many more Disrupt recaps to come in the next few days, so stay tuned. Web3 is still taking shape, so it is hard to define. In today’s Web 2.0,

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Startup playbook: reverse-engineering Clay Christens’s market disruptions

Tomasz Tunguz

In this month’s HBR, Clay Christensen and Maxwell Wessell published an article targeted to the CEOs of large companies on how to prevent disruption to their businesses. This is particularly true when incumbents are already competing with each other with commodity goods and use price as a differentiator.

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The Nubank EC-1

TechCrunch

Brazil’s banking system is a massive market, and one ill-served by incumbents. McCarthy, who spent significant time in Brazil growing up and is trilingual in English, Spanish and Portuguese, has been covering the LatAm and Miami ecosystems for TechCrunch with an eye to the disruption underway in these interconnected regions.

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Kettle books $25M for its reinsurance platform against fire and other catastrophes

TechCrunch

This is a huge business, typified by incumbent behemoths like Lloyd’s of London, who in theory mitigate the risk insurance companies face when they get the formula wrong. “As a homeowner, if my home burns down I’ll get its value back. That can be a truly life changing thing.”

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After selling Bread last year for over $500M, this founder just raised millions for his new fintech startup

TechCrunch

The space is one of those massive unsexy categories with huge incumbents that most people have never heard of but customers — who are forced to use them — universally despise. It’s the perfect recipe for a startup to come in and disrupt it with a much better experience,” Mohnot told TechCrunch via e-mail.

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Why Entrepreneurs & VCs Should Focus on Basecamp, Not the Summit

Both Sides of the Table

This article originally appeared on Silicon Alley Insider. We always say that great opportunities are composed of a world-class team addressing a big & disruptive market opportunity. They incumbents might provide terrible products or services that you think you can better. Market Opportunity. But what about markets?