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Singapore wealth management platform Endowus raises $35M

TechCrunch

Back in 2021 and early 2022, there was a flurry of VC interest in Southeast Asian investment apps. Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China.

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Infogrid raises $90M for its AI-driven building monitoring tech

TechCrunch

. “We are coming off of 5x growth last year and the market is strongly calling for our solutions … We opted for equity because alongside capital, we want strategic partners to help us scale to the next level and we have both VCs and clients and partners investing. This brings value far greater than even the cash.”

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Why the startup sector should keep its eye on the SEC

TechCrunch

But these disclosures carry significant financial costs for small, private companies — and they carry the extra risk of exposing sensitive financial information to competitors and large corporate incumbents. Consequently, they are seen as riskier than investing in real estate or the public markets.

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The Interchange: Stripe takes a swing at Plaid

TechCrunch

It also resurfaced talk of when Stripe reportedly pressured investor Sequoia to back off from an investment that smelled like competition. In other words, incumbents in some cases need fintechs even as they compete with them. Dallas-based Backflip raises $8 million seed for local real estate investment financing.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

On the bright side, the fact that VCs are more discriminating about where they put their dollars could actually lead to more M&A activity, according to Ruark. That is one reason why a number of VC firms have told their portfolio companies to focus on performance and cut costs,” he told TechCrunch. Guess we’ll see about that.

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MakeSpace Raises an Additional $17.5 million and Unveils Strategy to Make Public Storage the Next Blockbuster Video

Both Sides of the Table

Incumbents became increasingly annoyed with our successes in the country’s largest market – NYC – that they started even taking out ads against us. It’s no wonder incumbents don’t want us to exist. Fragmented markets can be a great target for disruption. Public Storage does about $2.4 Little old us.

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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

billion last year — up 153% year-over-year in terms of global VC deal value. Startups like these are keeping the incumbents (relatively speaking) on their toes. In other notable news, Robinhood this week announced it was launching a new debit card that allows for spare-change investing. Well, that’s it for this week!