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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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The gray revolution: Fundraising within the older adult space

TechCrunch

We see an emphasis on young founders (“40 Under 40”), innovative ideas and disruptive challenges to legacy brands, incumbent companies and “old” ways of thinking. There is a massive opportunity to provide products and services that will make life better for today’s seniors and future generations of older adults to come.

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Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. In this post, we will walk through what drove Monzo’s early success, how it has come to dominate the UK market, and the company’s opportunity to change the landscape of global financial services with its beloved brand.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

By leading the shift to more telehealth services, Fuzzy hopes to encourage pet parents to consider the health of their pet on a more regular basis to aid in their longevity. He called Bhettay “an energetic and smart entrepreneur” who is building a strong team to go after a space that is ripe for disruption.

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Radical Ethereum entrepreneurs are redefining what ‘rape kit’ means

TechCrunch

Their investors call them disruptive innovators. But Leda Health co-founders Madison Campbell and Liesel Vaidya think of themselves as advocates for sexual assault survivors. . I can’t give a definitive opinion yet about whether it [Leda Health] is a good idea or a bad idea.”.

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Psychedelics startups are on a long journey to consumer markets, but these 5 VCs are taking the ride

TechCrunch

“Like a pressure cooker, COVID blew the lid off what was a simmering mental health crisis for over a decade,” VC Tim Schlidt told TechCrunch. According to the World Health Organization, the global prevalence of anxiety and depression increased by a massive 25% in the first year of the pandemic.

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Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. Monzo attacked incumbent models by creating an entirely app-based experience where customers could open a checking account from their phone for free. Traditional banks have not been able to keep pace.