TechCrunch

OCTOBER 13, 2022

The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus. It is also licensed by Indonesia’s central bank, enabling it to offer more services.

enablement 90

enablement financing finance startup 90

American Entrepreneurship

DECEMBER 20, 2024

Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. This has historically hindered small business growth.

financing 98

financing finance incumbents construction 98

TechCrunch

JANUARY 22, 2021

The key purpose of being end-to-end is to deliver an even better value proposition to consumers relative to incumbent alternatives. Incumbents in these industries are very large and entrenched, but they are legacy players, making them slow to adopt new technology.

real estate 144

real estate incumbents health disruption 144

TechCrunch

JULY 13, 2021

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. The company is able to show what kind of financing can be obtained based on the amount of data customers provide.

support 100

support financing finance funders 100

TechCrunch

APRIL 20, 2021

“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.

incumbents 106

incumbents consulting SaaS disruption 106

TechCrunch

MARCH 8, 2021

Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth. That bigger market picture has also meant a surge of many neobanks, and so Starling competes with more than just the incumbents. billion) post-money.

incumbents 110

incumbents investing investment innovation 110

American Entrepreneurship

SEPTEMBER 22, 2023

“Investors are putting a premium on growth in the context of profitability, and we’re growing exceptionally fast because we’re able to profitably serve customers who aren’t being well served by incumbents,” said Sean Harper, CEO of Kin. To learn more, visit www.kin.com.

financing 52

financing finance incumbents entrepreneurship 52

TechCrunch

MAY 5, 2022

Neo has also expanded beyond just offering personalized loyalty card programs and into launching co-branded card programs, “buy now, pay later” options (BNPL), point of sale installment financing and subscription-based loyalty services for both online and brick and mortar retailers. .

incumbents 97

incumbents networking financing finance 97

TechCrunch

FEBRUARY 2, 2021

Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. Mort appreciates that TrustLayer is tackling the problem not by becoming the insurance broker, but by working with the incumbents as a software solution. million in a seed round.

data analysis 89

data analysis incumbents hospitality construction 89

TechCrunch

JUNE 22, 2022

On competition between these platforms, Adeseun said a few of these chain pharmacy incumbents, such as MedPlus and HealthPlus, are taking on a digital strategy by adding telemedicine capabilities, thus responding to the innovation that startups introduced. In 2021, they received just $1.6

investment 114

investment investing health startup 114

Tomasz Tunguz

OCTOBER 21, 2017

Venture capitalists have financed many of those businesses. Those venture dollars have financed a panoply of competition. Incumbent client/server technologies have lost their market dominance to new incumbents. Salesforce was founded in 1999. Since then, many major categories of software have been saasified.

SaaS 75

SaaS incumbents financing finance 75

TechCrunch

APRIL 28, 2021

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.

incumbents 102

incumbents financing finance strategy 102

TechCrunch

SEPTEMBER 7, 2021

” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents. Whereas the incumbents mostly focus on USSD (although there are provisions to use applications), Wave is solely app-based. Wave, however , wants to disrupt it.

investment 124

investment investing incumbents networking 124

TechCrunch

AUGUST 4, 2022

The financing marks the company’s first ever institutional funding. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs. Endeavor Catalyst also participated in the financing.

startup 84

startup incumbents financing finance 84

TechCrunch

DECEMBER 15, 2021

In another example of how startups in the region are working to boost inclusion as much as innovation, Open Co , a São Paulo-based consumer credit company, announced today that it has raised $115 million in a round led by SoftBank Latin America Fund. Its aim is to “finance consumption for Brazilians in a healthy way.”

incumbents 80

incumbents startup financing finance 80

TechCrunch

JUNE 5, 2022

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In other words, it wants to help fintechs be in a stronger position to compete with incumbents, something it believes will benefit consumers. And elsewhere.

incumbents 96

incumbents finance financing pitching 96

TechCrunch

FEBRUARY 10, 2021

Angel and individual investors also put money in the round, including: Backstage Capital founder Arlan Hamilton, ex-Venmo COO Michael Vaughan and James Kim, former head of finance at Tinder. . People have different personal finance behavior than in the past, which makes it harder for traditional lenders to evaluate them.”.

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

DECEMBER 2, 2021

The Mexico-based startup closed the $15 million Series A round and $20 million debt financing after participating in Y Combinator’s Winter 2021 cohort. When you look at all the different areas of any enterprise company in LatAm, the CFO function is clearly the one that has had the least innovation,” said Karpovsky.

incumbents 90

incumbents financing finance frameworks 90

TechCrunch

NOVEMBER 30, 2022

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. It seems that his thesis was correct.

economic environments 86

economic environments incumbents financing finance 86

TechCrunch

MARCH 4, 2022

To learn more, we put questions to Arjun Kapur , a managing director at Comcast’s Forecast Labs; Andrés Saborido , a global director at Telefónica’s Wayra; and Serge Tanjga , a finance exec at MongoDB, a company that recently put together its own venture capital arm. The Exchange explores startups, markets and money.

capital 83

capital venture capital incumbents creativity 83

TechCrunch

JULY 26, 2021

However, whenever a business tried to connect existing banking systems, fintechs and cryptocurrency innovators, as it built and scale, would always run into technology and compliance issues, Karkal said. We are here to ‘arm the rebels’ and help those innovators build applications to give all end users a much better financial experience.”.

development 103

development real estate incumbents ventures 103

Andreessen Horowitz

OCTOBER 16, 2023

For example, a sense of needing to keep up with these technology advancements from leadership can be translated down to a VP of Consumer Finance who needs to grow a consumer banking app while battling fintech upstarts and who may be thinking about using AI products to do so–which your product could help enable.

frameworks 112

frameworks incumbents leadership advice 112

TechCrunch

MAY 25, 2022

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits.

startup 95

startup accelerator incumbents disruption 95

AsiaTechDaily

JANUARY 19, 2023

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. Fintech help SMEs manage their finances and capital with convenience and efficiency. Komunal has channeled $230 million (equivalent to IDR 3.6

peer-to-peer 75

peer-to-peer incumbents accelerator economic growth 75

TechCrunch

NOVEMBER 23, 2021

Bain Capital Ventures led the seed round alongside South Park Commons, Core Innovation Capital, and Operator Partners. Wealthy Americans have access to CPAs and accountants and tax advice people watching over their finances year-round. Mobile income tax software Column Tax announced today that it raised $5.1

incumbents 76

incumbents advice education financing 76

TechCrunch

DECEMBER 6, 2022

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. Demonstrating that there’s investor appetite for upstarts in the market, Expeto this week closed a $13 million Series B round led by Sorenson Capital with participation from 5G Open Innovation Lab, Samsung Next and Mistral Venture Partners.

networking 88

networking startup incumbents energy 88

TechCrunch

JUNE 9, 2022

” The problem that Basebase is addressing is one that is endemic to the financial services industry: incumbent big banks and others have been building digital services for forty years at this point. We want to be closer to companies’ larger digital transformation programs.”

incumbents 78

incumbents leadership disruption strategy 78

TechCrunch

JULY 7, 2021

When Daniel Simon sold Bread , a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building another startup. But Simon argues that the companies that sell such cards were founded decades ago with very little innovation since.

founder 98

founder startup incumbents financing 98

TechCrunch

APRIL 7, 2021

The challenger bank was created to target millennials dissatisfied with the incumbent banking options. Zero Financial co-founder and CEO Bryce Galen said that Avant shared his company’s mission “to challenge the status quo by bringing innovative financial services products to consumers who might otherwise be unable to access them.”.

incumbents 98

incumbents financing finance innovation 98

TechCrunch

JULY 14, 2021

The financing brings the two-year-old company’s total raised since its 2019 inception to $50 million. Andrew Steele of Activant was impressed with Cardless’ ability to power and execute “unique” credit card programs “for prestigious and innovative brands” just two years after launch.

incumbents 95

incumbents financing finance innovation 95

TechCrunch

APRIL 28, 2021

We look forward to supporting new exciting protocols and projects, empowering innovative corporate use cases, and adding additional (decentralized) financial products and services to our platform.”. Finoa is bridging this gap by providing seamless, safe, and regulated access to the world of digital assets.”

capital 79

capital incumbents innovation accelerator 79

TechCrunch

SEPTEMBER 16, 2021

Tile , the maker of Bluetooth-powered lost item finder beacons and, more recently, a staunch Apple critic , announced today it has raised $40 million in non-dilutive debt financing from Capital IP. In addition to new debt financing, Tile is also refinancing some of its existing debt with this fundraise, it says.

mix-use 99

mix-use incumbents networking finance 99

TechCrunch

APRIL 6, 2021

D1 Capital Partners led the financing, with participation from Tiger Global and Investment Group of Santa Barbara (IGSB), the company said. “The pandemic accelerated OneStream’s business given that it was a wake-up call for many companies that had not digitally transformed their key finance processes,” said Koefoed.

financing 69

financing finance incumbents enablement 69

TechCrunch

SEPTEMBER 1, 2022

Innovation continues to drive new developments in lending, payments, crypto and, in particular, infrastructure, showing that the industry still has lots of room for growth. Infrastructure providers can help connect fintech companies with incumbent banks so that they can both reap the benefits of the interest rate environment.

incumbents 92

incumbents opportunity enablement innovation 92

TechCrunch

JANUARY 27, 2022

And today, Yu and Yang’s new company, San Francisco-based Vesta , is announcing it has raised $30 million in Series A financing led by Andreessen Horowitz (a16z) with participation from new investor Zigg Capital. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

peer-to-peer 97

peer-to-peer incumbents financing finance 97

TechCrunch

FEBRUARY 3, 2022

Human rights activist and Mos founder Amira Yahyaoui couldn’t afford to go to college, so when she first launched a platform to connect students to scholarships, the innovation felt full circle. Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” Yahyaoui said, starting with students.

incumbents 99

incumbents startup communities consulting 99

TechCrunch

MARCH 30, 2023

In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance and marketing. Finance in 2021, and to Fortune’s 40 under 40 in 2020. Rowe Price for three years. Dufétel was also named to Barron’s 100 Most Influential Women in U.S.

innovation 86

innovation incumbents frameworks support 86