Remove board Remove financing Remove incumbents Remove peer-to-peer
article thumbnail

Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

to select African countries include unicorn Chipper Cash , Lemonade Finance, Zazuu and Sendwave. Their collective bet is that their market will grow over time and eat into traditional incumbents’ share. Their collective bet is that their market will grow over time and eat into traditional incumbents’ share. and the E.U.,

article thumbnail

Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

And today, Yu and Yang’s new company, San Francisco-based Vesta , is announcing it has raised $30 million in Series A financing led by Andreessen Horowitz (a16z) with participation from new investor Zigg Capital. If you’ve ever taken out a mortgage, you know how painful and tedious the process can be. trillion in loan originations in 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Gusto: The People Platform for SMBs

Y Combinator

In the long run, software platforms have the potential to be much larger than traditional incumbents. There are nearly six million small and medium businesses (SMBs) in the country, employing 43 million people. As a result, SMBs have been forced to cobble together off-the-shelf products, spreadsheets, and manual work to run their operations.

article thumbnail

Monzo Makes Money Work For Everyone

Y Combinator

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. 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.

article thumbnail

Monzo Makes Money Work For Everyone

Y Combinator

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. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations.