Remove 2017 Remove enablement Remove incumbents
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The Uber that Never Was

This is going to be BIG.

Using the proliferation of newly GPS-enabled mobile devices to enable taxi hailing and beat out stagnant incumbent providers was always going to be a big win for consumers. Had it been built differently, it could have been a better company and honestly I’d like to believe maybe even a more valuable one in the long term.

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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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Bond Pet Foods enters meat proteins phase with $17.5M Series A

TechCrunch

million to bring its total funding since 2017 to $20 million. The new investment will enable the company to expand its meat protein portfolio and scale up production at a new 15,000-square-foot facility in Boulder while also tripling the size of its team, Kelleman told TechCrunch. Prior to the Series A round, the company raised $2.5

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Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Outperforming incumbents with modern experience and digital infrastructure. Monzo has also been able to move faster than incumbents because of its forward-looking approach to building banking infrastructure.

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Algeria’s Yassir picks up $30M to build a super app in North Africa

TechCrunch

Most people in French-speaking Africa are unbanked due to a lack of trust in incumbents and inefficient banking solutions. Tayebi felt that providing on-demand services — which solves essential needs and, more importantly, builds trust to then provide payment services — was the catalyst to enable financial inclusion in the region.

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Tovala, the smart oven and meal kit service, heats up with $30M more in funding

TechCrunch

Specifically, Tovala has a deal with LG to embed its software in LG ovens, to enable them to cook Tovala’s meals and the other dishes that can be programmed with its app and barcode scanning system. And back in 2017, Electrolux acquired sous vide startup Anova for $250 million.

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ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US

TechCrunch

faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad. That spells opportunity for companies that are enabling that adoption. The company has raised £175 million ($230 million at today’s conversion rates), from a single investor, the PE firm Apax Partners.