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Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Outperforming incumbents with modern experience and digital infrastructure. Monzo has also been able to move faster than incumbents because of its forward-looking approach to building banking infrastructure.

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Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation

TechCrunch

The funding is being led by Teachers’ Venture Growth, the rebranded venture fund the Ontario Teachers’ Pension Plan Board (a prolific investor for years in tech), with previous backers Index Ventures, Valar Ventures, Creandum and Redalpine also participating. Index led its Series C in 2020 ; Valar led a round in 2018 ).

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Welcome Tech, which wants to build a ‘Super App’ for immigrants, raises $30M

TechCrunch

We blew through about 1 million app downloads of our digital wallet a few weeks ago,” Hemmat told TechCrunch. “We And, its board of directors is now over 71 percent ethnically diverse, it says. . I think that’s a big moat around any of the incumbents,” he said. “In

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Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. Monzo attacked incumbent models by creating an entirely app-based experience where customers could open a checking account from their phone for free. Traditional banks have not been able to keep pace.

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Founded by Google’s former head of ads, Neeva brings its ad-free search engine to Europe

TechCrunch

Europe is perhaps an obvious first step for Neeva’s inaugural expansion plans, owing to the slew of antitrust complaints currently faced by the mighty incumbent Google, with legislators targeting everything from e-commerce (Google Shopping) and Android to its dominance of the online ad market. France and Germany. ” Privacy push.

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The Common Characteristics of Successful Freemium Companies

Tomasz Tunguz

Marketing teams can sift through the data to understand market segmentation and funnel efficiency, and product management can parse the data to improve the on-boarding experience. An ancillary benefit, freemium companies can draft behind the sales and marketing efforts of the incumbent behemoths.

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Former Facebook teammates raise $10.4M in Sequoia-led round to launch features development

TechCrunch

Raji sees adoption of Statsig coming from a few different places: developers and engineers that are downloading it and using it to serve a few million people a month, and then through referrals. In fact, the adoption the company is getting is “bottom up,” which is what Statsig wants, he said. Now the company is talking to bigger customers.