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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.

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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.

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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.

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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.

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. With a large population, Pakistan is geographically smaller, well-connected with fewer provinces, has lower regulatory barriers and doesn’t have strong incumbents,” Khurshid, who is originally from Pakistan, said via email. billion in capital commitments.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

We believed then, as we do now, that fintech represents one of the most exciting major innovation cycles of this decade. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. Public fintech stocks rose 97% in 2020.

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EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

TechCrunch

The round was led by Balderton Capital, alongside existing investors Coparion, Venture Stars and Signature Ventures, as well as an undisclosed investor. ” “Being in the European Union requires a fundamentally different organizational setup, and poses a very high entry to new incumbents and other players overseas.

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