article thumbnail

When AI Favors the Incumbents

Tomasz Tunguz

Incumbents have lept onto advances in generative machine learning more aggressively than any trend in recent technology history. But generative ML differs because incumbents are pushing the envelope. In addition to these the advantages, these incumbents have another edge : their distribution.

article thumbnail

Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. “T hey are seeing the impact of the alternatives,” he said, with the migration away from the incumbents happening gradually. It’s not disclosing valuation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Kin lands $33M in fresh financing from investors

American Entrepreneurship

The funding was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. Investor confidence in Kin continues to climb due to its unique business strategy and market focus, which have produced systematic, capital efficient growth.

article thumbnail

Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. In 2019, Barclays Bank and Bold Capital Partners co-led a $5.5 million Series A funding round for Crowdz.

article thumbnail

Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia

TechCrunch

The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus. It is also licensed by Indonesia’s central bank, enabling it to offer more services.

article thumbnail

With capital aplenty, modern corporate investors marry financial and strategic goals

TechCrunch

The corporate venture capital (CVC) market is booming. To learn more, we put questions to Arjun Kapur , a managing director at Comcast’s Forecast Labs; Andrés Saborido , a global director at Telefónica’s Wayra; and Serge Tanjga , a finance exec at MongoDB, a company that recently put together its own venture capital arm.

capital 83
article thumbnail

Harry’s files paperwork for fresh $139.9M financing

TechCrunch

A year after the FTC blocked Harry’s from getting acquired by Edgewell Personal Care, the direct-to-consumer razor startup raised $155 million in Series E financing to give it a $1.7 million in a new financing event. billion valuation. SEC filings show that Harry’s has raised $139.9 billion by 2030.