Remove collaboration Remove consulting Remove financing Remove incumbents
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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack

TechCrunch

Worse, CFOs are expected to be more strategic than ever about finance, but can struggle to deliver important forecasts and projections given the lack of availability of key data. Mosaic is a “strategic finance platform” that is designed to ingest data from all sorts of systems in the alphabet soup of enterprise IT — ERPs, HRISs, CRMs, etc. —

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New challenger Ikigai combines digital banking and wealth management

TechCrunch

Portfolios are built and managed by Ikigai in collaboration with asset manager BlackRock, and take into account both risk appetite and the nature of what users want to achieve. On banking competitors, Ikigai’s founders argue that existing incumbents and challengers both have “significant” failings.

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Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

TechCrunch

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. And our main product is transport management software for shippers enables multi-enterprise collaboration.