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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. Scaling a consumer-focused financial platform—that is also now the primary bank account for millions of UK consumers—in the midst of a once in a century pandemic is close to impossible. This did not happen by magic.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

It was very fulfilling to see how digitalization has helped our rural bank partners to thrive during the pandemic recovery period and enabled our loyal users to access attractive deposit and loan products digitally. Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet?

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

TechCrunch

Their collective bet is that their market will grow over time and eat into traditional incumbents’ share. NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. Whether that’ll happen remains to be seen.

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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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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. Scaling a consumer-focused financial platform—that is also now the primary bank account for millions of UK consumers—in the midst of a once in a century pandemic is close to impossible.

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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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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.