Remove incumbents Remove SaaS Remove strategy Remove ventures
article thumbnail

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.

article thumbnail

The Rising Stakes in SaaS

Tomasz Tunguz

Last week, I participated in two discussions about the changes in the SaaS world. The level of competition in many core SaaS segments is intense. The SaaS era is about 20 years old. Venture capitalists have financed many of those businesses. Venture capitalists have financed many of those businesses.

SaaS 75
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. Or, we can white label it out with organizations like Citi, Meta and the city of Detroit.

article thumbnail

Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

TechCrunch

ALLVP and Infinity Ventures, a firm founded by a trio of ex-PayPal execs, co-led the equity raise. Better Tomorrow Ventures, Lee Fixel’s Addition, Broadhaven and Magma Partners are also backers of the company. based corporate spend startup that in June closed a $60 million Series B led by Menlo Ventures and whose CEO is an investor.

article thumbnail

CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

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. Traditional brick-and-mortar strategy doesn’t transfer over to e-commerce, but the old way with spreadsheets and human-driven operations don’t scale.

capital 89
article thumbnail

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

TechCrunch

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S.,

article thumbnail

SoftBank, Amazon, Accel and others put $108M in Brazilian banking and payments infra provider Pismo

TechCrunch

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. As a SaaS business, Pismo mostly makes money by charging transaction fees.