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Ivorian healthtech startup Susu has $1M to scale its family-centric insurance product across Africa

TechCrunch

million in debt and grant financing from BPI France , the French government’s public investment bank. Having worked in a luxury firm, as an investment banker at JP Morgan and her own consulting firm, Bardet decided to start Susu in 2019. The equity raise saw participation mainly from angel investors, as the company also raised $1.2

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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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Amira Yahyaoui wants Mos to be a ‘radical’ fintech startup

TechCrunch

We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” “We’re pretty radical about why we’re doing what we’re doing,” she said.

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Save $450,000, and Win Your Next Pitch

Entrepreneur's Handbook

Consultant: You are one of many and until you get to the final round, your primary job is to survive and advance through each round. Two factors often come down to how Q&A will be shared and/or if we are the incumbent. When it’s a consultant pitch, think through how you can win through RFI?—?RFP?—?Chemistry?—?Finals.

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Breaking Down a Typical VC/Startup Diligence Process

Tomasz Tunguz

What kinds of moves are the incumbents making and how they change the market? Financing plan : What are the major buckets of expenditures? Market Size Validation : The first thing is to verify market size and whether it foots with the data the company presented. Then, I try to dig deeper into the nuances of the market.

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New challenger Ikigai combines digital banking and wealth management

TechCrunch

Once the pair dug deeper, as management consultants are wont to do, they say they also discovered “interesting behavioural trends,” particularly when it comes to young and affluent people. On banking competitors, Ikigai’s founders argue that existing incumbents and challengers both have “significant” failings.