Tomasz Tunguz

JUNE 21, 2022

Lee headed finance for the company from $15m in ARR to more than $1b. In addition, Lee shared his view on usage-based pricing and defending a startup’s great asset, talent, from poaching during the next recovery. UBP presented an opportunity to reinvent the account executive (AE) compensation model. Usage-Based Pricing.

startup 67

startup incumbents accelerator sustainability 67

TechCrunch

AUGUST 4, 2022

Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital. The financing marks the company’s first ever institutional funding. This spells ample opportunity for payments infrastructure providers such as Geopagos. Sign up here to get it in your inbox.

startup 84

startup incumbents financing finance 84

TechCrunch

MARCH 21, 2022

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. The CEO is Guru Hariharan, who you might remember from retail analytics company Boomerang Commerce , a Startup Battlefield finalist in 2014.

capital 89

capital startup enablement incumbents 89

TechCrunch

FEBRUARY 2, 2022

Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. It also plans to soon offer embedded finance products. Why global investors are flocking to back Latin American startups.

enablement 97

enablement startup incumbents transportation 97

TechCrunch

FEBRUARY 3, 2022

We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” Beyond the mission, the startup’s new goal could attract some solid revenue.

incumbents 99

incumbents startup consulting communities 99

TechCrunch

DECEMBER 15, 2022

Fashion startup Virgio, co-founded by Amar Nagaram, former chief executive of Myntra, has raised $37 million in a new financing round as the young firm looks to build “a global fashion brand” from the South Asian market. Virgio says it was founded this year, but hasn’t disclosed its seed funding round.).

startup 76

startup incumbents media financing 76

TechCrunch

AUGUST 29, 2022

However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. At the time, the startup’s co-founder and CEO, Segun Adeyemi , said that he was taking a break and would “likely start another company” later.

startup 93

startup incumbents financing finance 93

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

JUNE 9, 2022

Mexico City-based digital bank Klar has raised $70 million in equity funding at a valuation of $500 million, the startup announced today. General Atlantic doubled down on Klar , leading its latest financing in addition to its $70 million Series B last July. I tie it back to complacency from the incumbents. he told TechCrunch.

incumbents 97

incumbents opportunity financing finance 97

TechCrunch

MARCH 4, 2022

Keyway , a startup that buys property from small and medium-sized business owners and then leases it back to them, has secured $70 million in debt financing on the heels of a $15 million equity raise. And 20% of transactions fall through because the buyer didn’t have guaranteed financing.”

real estate 97

real estate financing finance incumbents 97

Both Sides of the Table

NOVEMBER 4, 2010

The thesis of the book is that incumbents in markets – especially large and well entrenched markets – seldom survive fundamental technology changes in their industries. It should affect how you think if you are an incumbent but also if you’re a startup. So the startups tend to focus on totally new customers.

incumbents 376

incumbents disruption frameworks innovation 376

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. Coast co-founders Daniel Simon and Andrew Woolf.

founder 98

founder startup incumbents financing 98

TechCrunch

NOVEMBER 30, 2022

Today, Teampay has hundreds of customers and significant venture capital financing behind it. Last year, Teampay launched a Mastercard-branded corporate card, Catalyst, with spend management features, signaling the startup’s intentions to venture further into the heated corporate card space. It seems that his thesis was correct.

economic environments 86

economic environments incumbents financing finance 86

TechCrunch

MARCH 8, 2021

Challenger banks continue to see huge infusions of cash from investors bullish on the opportunity for smaller and faster-moving tech-based banking startups to woo customers from their larger rivals. That bigger market picture has also meant a surge of many neobanks, and so Starling competes with more than just the incumbents.

incumbents 110

incumbents investing investment innovation 110

TechCrunch

MAY 12, 2021

Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. The Buenos Aires-based startup’s new infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via “compliant” onboarding processes.

incumbents 107

incumbents financing finance ventures 107

TechCrunch

MARCH 27, 2022

I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm , Natasha Mascarenhas and me riff on all things startups! Unfortunately, as with most private companies, neither startup will share hard revenue figures. But they do at least provide some metrics.

ventures 96

ventures technology startup real estate 96

TechCrunch

FEBRUARY 4, 2021

Mexico’s ALLVP, Clocktower, Kevin Efrusy and Oskar Hjertonsson and existing backer Raptor Financial Group participated in the financing as well. The banks and incumbents take advantage of that and make people feel like they’re not smart enough to manage their money. The demand for what Flink has to offer is clear.

investing 91

investing investment education incumbents 91

TechCrunch

MARCH 29, 2022

Y Combinator’s latest batch — W22 — features 414 startups from 42 countries, representing more than 80 sectors. India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. As usual, the U.S. has the most representation. beU delivery.

startup 91

startup hospitality health financing 91

TechCrunch

SEPTEMBER 13, 2021

Cresicor , a consumer packaged goods trade management platform startup, raised $5.6 It also helps the finance team understand expenses, including which are valid and those that are not.”. Cresicor’s opportunity to go beyond trade is significant.

startup 80

startup incumbents development capital 80

TechCrunch

JANUARY 26, 2022

Polly, a SaaS technology startup aiming to “transform” the mortgage capital markets, announced today that it has raised $37 million in a Series B funding round led by Menlo Ventures. The latest financing brings the San Francisco-based startup’s total funding raised to $50 million.

incumbents 78

incumbents financing finance SaaS 78

TechCrunch

SEPTEMBER 7, 2021

“We saw an opportunity to make a bigger impact by trying to build a better, much more affordable mobile money service than the telcos are building throughout much of sub-Saharan Africa,” Durbin told TechCrunch in an interview. ” Going up against incumbents. . ” Going up against incumbents.

investing 124

investing investment incumbents networking 124

TechCrunch

JUNE 30, 2021

There are so many startups pledging to reinvent the mortgage process that it’s hard to keep up. The latest startup to raise venture money with the goal of making the process “smarter and faster” is one that was founded by a pair of executives that spent years at real estate giant Zillow. No doubt it has plenty of competition.

real estate 98

real estate incumbents strategy financing 98

TechCrunch

MAY 29, 2022

Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60 million Series B financing round, lifting its total funding to $90 million since the business launched just nine months ago. The startup is competing with incumbents like Sayurbox, HappyFresh and TaniHub to win over users.

incumbents 101

incumbents financing finance capital 101

TechCrunch

OCTOBER 1, 2021

Vareto , a startup aiming to help companies conduct more forward-looking financial planning and analysis, is coming out of stealth today with $24 million in total funding. million seed financing in the summer of 2020. If you see a gap in an opportunity, you can immediately put resources toward that in days, not months,” she said.

financing 98

financing finance incumbents collaboration 98

TechCrunch

JANUARY 7, 2021

Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). That could lead to consolidation, too.

SaaS 126

SaaS incumbents opportunity disruption 126

TechCrunch

AUGUST 24, 2021

This is a large Series B by any standards, but particularly so for a Latin American startup. The startup has now raised a total of $152.7 Today, the startup has more than 120,000 customers. Looking ahead, the startup plans to use its new capital toward product development, growth, operations and building out a credit offering.

incumbents 96

incumbents capital financing finance 96

TechCrunch

DECEMBER 23, 2021

Skio, a startup that aims to take the pain out of selling subscriptions for brands on Shopify, has raised $3.7 Kennan Davison, an engineer who previously worked at Hulu and Pinterest, founded the startup in April. million in a seed funding round. billion earlier this year after a $227 million raise. . Image Credits: Skio.

incumbents 98

incumbents frameworks financing finance 98

TechCrunch

APRIL 27, 2022

Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix , which has built a popular mobile assistant to address the former of these, is announcing a big round of funding to fuel its growth. This is a major round for the startup: Taxfix has raised around $330 million since being founded in 2016. as a couple.

incumbents 91

incumbents financing finance board 91

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 113

frameworks incumbents leadership advice 113

TechCrunch

FEBRUARY 2, 2021

Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. Interestingly, the startup also got some industry validation in the way of investors. Are insurtech startups undervalued? million in a seed round.

data analysis 89

data analysis incumbents hospitality construction 89

TechCrunch

NOVEMBER 23, 2021

Column Tax’s software differs from that of incumbents like TurboTax and H&R Block in that it is mobile-only and will be embedded into a customer’s existing bank account, allowing for year-round integration that the company says will cut down users’ time spent on tax prep.

incumbents 76

incumbents advice education financing 76

TechCrunch

JULY 12, 2022

Haris Khurshid, general partner at Chalo Ventures , launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups. This allows Pakistani startups to scale faster throughout the country and expand into other markets.”. billion in capital commitments.

venture capital 92

venture capital VC capital ventures 92

Both Sides of the Table

MAY 27, 2016

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. I spend hours thinking about the products, competitors, market opportunities, recruiting and financing of these businesses.

investing 254

investing investment incumbents culture 254

TechCrunch

MARCH 18, 2021

Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. When we last wrote about the startup, four months ago, it had just closed a seed round of $10 million led by Target Global.

incumbents 126

incumbents financing finance startup 126

TechCrunch

DECEMBER 7, 2021

Just a few weeks after announcing stock and crypto trading , French fintech startup Lydia is announcing that it has raised a $100 million Series C round. With this funding round, the startup has reached a unicorn valuation, which means that it is currently valued at more than $1 billion. Times are changing. Lydia has attracted 5.5

peer-to-peer 83

peer-to-peer incumbents VC financing 83

TechCrunch

JUNE 3, 2022

Entrepreneurs saw this as an opportunity to disrupt incumbents, and soon there were lofty claims that everything about the industry was about to change. ” Venture capitalists noticed, and startups closed large rounds of capital. With tech’s embrace, people were about to soon “love their insurance!”

incumbents 93

incumbents disruption pitching technology 93

TechCrunch

MARCH 30, 2023

She had previously served as the London-based fintech startup’s CFO and COO for about 18 months before her promotion. 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. Rowe Price for three years.

innovation 86

innovation incumbents frameworks support 86