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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. “T hey are seeing the impact of the alternatives,” he said, with the migration away from the incumbents happening gradually. It’s not disclosing valuation.

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. 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. As the global venture capital market slows, is the US dodging the downturn?

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Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

TechCrunch

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). The funding gives Mambu a post-money valuation of €1.7

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Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

TechCrunch

Edtech needs to reach beyond underfunded public school systems to become more sustainable, which is why more investors and founders are focusing on lifelong learning. Here’s who she spoke to: Deborah Quazzo , managing partner, GSV Ventures. Rising African venture investment powers fintech, clean tech bets in 2020.

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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“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.

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TechCrunch+ roundup: Creating financial models, UiPath’s plummet, pitch deck pro tips

TechCrunch

Last quarter, UiPath grew its revenue by 39%, so “the company fits neatly into the high-growth SaaS bucket,” wrote Ron and Alex Wilhelm. What most startup founders get wrong about financial projections. The pressures facing first-time founders are enormous. Senior Editor, TechCrunch+. yourprotagonist.

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Beyond cost control: Where cloud management is going next

TechCrunch

“There’s a big wave of innovation in managing cloud costs,” Team8 co-founder and managing partner Liran Grinberg told TechCrunch as part of our latest cloud investor survey. There are also reasons to think that we haven’t seen all of it yet. Microsoft in 2017 acquired Cloudyn [ … ].