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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. Their collective bet is that their market will grow over time and eat into traditional incumbents’ share. Whether that’ll happen remains to be seen.

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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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DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers

TechCrunch

Internet usage continues to skyrocket, with 29.3 billion networked devices projected to be in use by 2023 and the growth rate currently at around 10%. This Series C is being led by D2 Investments, a new investment fund with LPs from the U.S. This Series C is being led by D2 Investments, a new investment fund with LPs from the U.S.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

If you’ve ever taken out a mortgage, you know how painful and tedious the process can be. In an effort to make it simpler, faster and cheaper, a pair of former Blend employees have teamed up to build mortgage loan origination software that will connect banks, credit unions, mortgage bankers and brokers. trillion in loan originations in 2022.

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Gusto: The People Platform for SMBs

Y Combinator

But where there is a gap, there is an opportunity. Gusto launched in 2012 to tackle this opportunity, and more. In the long run, software platforms have the potential to be much larger than traditional incumbents. There are nearly six million small and medium businesses (SMBs) in the country, employing 43 million people.

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Here is my investment thesis. What’s yours?

Unvalidated Learnings

There are two ways to size a market opportunity: top-down ( adding up the revenues of all the companies operating on that market today) and bottom-up ( coming up with an estimate for how many people would be willing to pay for the service, and at what price). What’s yours? ”?—?below below is my answer to his question. Four things: 1.

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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.