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Kin lands $33M in fresh financing from investors

American Entrepreneurship

“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.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. Fintech Index, 2016 -2020 Image Credits: CapiQ, Yahoo Finance.

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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

The investment is the largest-ever Series A round for the region, and it values Wave at $1.7 Four big-name backers jointly led the round — Sequoia Heritage, a private investment fund and a subsidiary of Sequoia; Founders Fund; payments upstart Stripe; and Ribbit Capital. . ” Going up against incumbents.

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Understanding How The Innovator’s Dilemma Affects You

Both Sides of the Table

One of the most influential books of my career is The Innovator’s Dilemma by Clay Christensen. Many people bandy about the definitions of “disruptive technology&# or “the innovator’s dilemma&# without ever having read the book and almost universally misunderstand the concepts.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

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.

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

Sennder , a large digital road freight forwarder based out of Germany, has raised $160 million in Series D financing. Sennder competes with large incumbents like Wincanton and CH Robinson, as well as other startups such as OnTrac and Instafreight. Sennder’s new investment will mean it can expand in European markets.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Valar Ventures led the investment, which brings Neo’s total funding to $234.7 It expanded into investing in April with a private wealth management product, and plans a mortgage offering for later this year as part of its effort to be a “one-stop shop for all financial services for Canadians and retailers.” .