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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

The Series B round was led by Accel, Citius and Tiger Global, with participation from existing investors AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital India. Revenues grew more than 10x over the past few months and downloads hit 1 million, the company said.

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Column Tax announces $5.1M seed round to launch mobile tax-prep products

TechCrunch

Bain Capital Ventures led the seed round alongside South Park Commons, Core Innovation Capital, and Operator Partners. Before Atomic, it wouldn’t be possible to understand someone’s tax position mid-year without them downloading a pay stub and sending it to you via email,” Nachbar said.

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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. Access to capital through overdrafts and Monzo credit products. Outperforming incumbents with modern experience and digital infrastructure. expectations. Social features to pay your friends (e.g., Splitwise).

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Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America

TechCrunch

For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population have the ability to invest in the capital markets just didn’t seem right. It averages 6,000 new customers a day, mostly due to word of mouth, the company said. Accel’s Braccia agrees.

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The Amazing Power of Deflationary Economics for Startups

Both Sides of the Table

Ones that offer amazing value (low relative margins) at high volumes that makes it nearly impossible for high-cost incumbents to compete. How does the incumbent respond? Does your product dramatically reduce costs in an industry with large incumbents and fat margins? How do existing incumbents compete with that?

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

TechCrunch

has raised $ 30 million in new capital to help these individuals not only adjust to – but feel comfortable and “thrive” in – their new environment. based company’s $35 million Series B in April 2021, which was co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.’s s SB Opportunity Fund. Which neobanks will rise or fall?

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Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others

TechCrunch

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. So how has Thndr managed to garner more than 300,000 downloads just providing local stocks?