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End-to-end operators are the next generation of consumer business

TechCrunch

Roger Lee is a general partner at Battery Ventures, based in Menlo Park, CA, who focuses on investments in software and consumer tech, including online marketplaces. How to communicate with your board in tough times. Justin Da Rosa is a vice president with Battery Ventures in San Francisco. Share on Twitter. Justin Da Rosa.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. “The appointment of Lip-Bu Tan as the newest member of Sima.ai’s board of directors is a strategic milestone for the company. .

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Disrupting Finance From Above: Wealthfront

abovethecrowd.com

Many entrepreneurs in Silicon Valley believe that the financial services industry in the United States is “ripe for disruption. ” First, they believe that the current offerings from the financial incumbents are lacking. banks consumer checking offerings have become less favorable across the board. Checking Account Competition.

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

TechCrunch

The round is being led by TCV, with Tiger Global and Arena Holdings, along with past investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners, also participating. That could lead to consolidation, too. Thought Machine nabs $83M for a cloud-based platform that powers banking services.

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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

And this has investors, especially foreign ones, excited and looking to get on board. ” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents. Wave, however , wants to disrupt it. From Sendwave to Wave. Both were Series C rounds.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

A number of fintechs have popped up as of late aiming to disrupt the traditional model of evaluating an individual’s creditworthiness. 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. Spring Labs is one of them.

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

TechCrunch

And today, the New York-based company is announcing it has raised $6 million in an “oversubscribed” seed round of funding led by Better Tomorrow Ventures. 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.

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