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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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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There TC: Was it worth it for you to get a charter as a company? And if so, why?

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How a Little Bit of Fear Breeds Innovation

Entrepreneurs' Organization

Incumbent human processes were cumbersome, laborious, costly, slow and demoralizing. million published articles, isolated around 2,500 of those that were related to IOL, generated about 1,200 attributes and identified roughly 3,300 possible values for them. We used this type of expert knowledge to power our semantic engines.

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TechCrunch+ roundup: Creating financial models, UiPath’s plummet, pitch deck pro tips

TechCrunch

” Full TechCrunch+ articles are only available to members. In a comprehensive TC+ article, Slidebean co-founder and CEO Jose Cayasso shows how to create spreadsheets that will help scale teams, track expenses, identify KPIs and “understand how fast your company can grow.”

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Extra Crunch roundup: The Nuro EC-1, early-stage growth tactics, understanding Salesforce+

TechCrunch

” Full Extra Crunch articles are only available to members. “It was much more the result of soul searching and trying to figure out what is the biggest possible impact that we could have.” Use discount code ECFriday to save 20% off a one- or two-year subscription.

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The Importance of Due Diligence when Investing in Startups

propel(x)

Due diligence on a startup can be divided into the following two components: Industry due diligence , which refers to the big picture and involves understanding the industry, who are the incumbent players in the market, who are the competitors, what competitive advantage the startup has, what their chances of success might be, and similar research.

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Alation bags $123M at a $1.7B valuation for its data-cataloging software

TechCrunch

Customers can visually track the usage of assets like business glossaries, data dictionaries and Wiki articles through the Alation platform’s reporting feature, or they can use Alation’s collaboration tools to create lists, annotations, comments and polls to organize data across different software and systems. .”