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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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Prezent.ai secures $20M to gamify deck presentations

TechCrunch

When it comes to presentation creation, PowerPoint and Keynote remain the de facto tools by incumbent advantage. “Alternatives like management consulting and design agencies are expensive and inaccessible to the vast majority of business professionals.” Unlike Prezentium, Prezent.ai The “AI” in Prezent.ai

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

TechCrunch

It wants to build a platform that is a gateway to connecting the entire company to discuss finance in a more collaborative fashion. Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. So what is Mosaic trying to do to rebuild the CFO software stack? Today, the company announced that it raised $18.5

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New challenger Ikigai combines digital banking and wealth management

TechCrunch

However, where some more differentiation arguably comes into play is that Ikigai also offers “fully managed, globally diversified investment portfolios” under the wealth section of the app. 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. CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S.,