Remove 2013 Remove incumbents Remove venture capital
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The Breakout Tech Company Of 2018

Haystack

As a little tradition on this blog, I’ve singled out companies starting in 2013 with Stripe ; there was Snap back in 2014; Slack in 2015; took a break in 2016, as I wasn’t inspired to select one then; and last year, 2017, was Coinbase. Here is the Google Doc where we tracked these.] Revenue acceleration is, too.

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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

TechCrunch

Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital. Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g.

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Disrupting Finance From Above: Wealthfront

abovethecrowd.com

First, they believe that the current offerings from the financial incumbents are lacking. In 2013 there were 967 million FPS transactions. Regulation becomes the friend of the incumbent in highly regulated industries through a process known as regulatory capture. The basis of this argument is really two fold.

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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. billion, had cut 10% of its staff.

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Quickly Unpacking Amazon’s Acquisition Of PillPack

Haystack

One analyst estimated $15b+ of incumbent market value was wiped out. PillPack raised a bit over $100M and, if the rumors are true, getting purchased for $1B (or close to it) for a company formed in 2013 is a fantastic outcome in a relatively short period of time.

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The Decline of New SaaS Company Formation

Tomasz Tunguz

In 2011-2013, about 1450 software companies were founded each year on average. This is counterintuitive considering the broader venture capital backdrop of near record venture investment in software. The rate of new software company formation seems to have declined materially in the past few years.

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