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Opportunity Amid Volatility

Haystack

Maybe it will be 2019, or 2020 — or even 2021. They’ll have to back up the truck for their best companies, take acquisitions off the table, and go right after the incumbents head-on. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

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BarbAIrians at the Gate: The Financial Opportunity of AI

Andreessen Horowitz

TABLE OF CONTENTS Bits v atoms It’s important to recognize that while the impact that generative AI can have on “bits” is substantial—since generative AI can “manipulate” those bits very easily—we’re probably too early to see a massive opportunity in “atoms” businesses. As technology continues to improve, the answer is an unequivocal “yes.”

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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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My First 16: Competing in a Crowd of Incumbents with Mercury’s Immad Akhund

Andreessen Horowitz

In this episode, a16z partner Seema Amble talks with co-founder and CEO of Mercury Immad Akhund about the idea of a minimum delightful product in fintech, doing the spreadsheet math on unit economics early on, and how to compete in a category already filled with incumbents. And does anyone care? So there’s a bunch of factors.

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Tractable raises $60M at a $1B valuation to make damage appraisals using AI

TechCrunch

And while a new generation of “insurtech” startups have emerged in recent years that are bringing more modern processes into the equation, typically the incumbent major insurance companies — the ones that Tractable targets — have lacked the technology to improve that process.

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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. In this post, we will walk through what drove Monzo’s early success, how it has come to dominate the UK market, and the company’s opportunity to change the landscape of global financial services with its beloved brand.

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

TechCrunch

Mambu has been seeing 100% growth year-on-year, but notably, Mambu covered 50 markets when it last raised money, €30 million in 2019 , so you can argue it has some investing and expanding to do on that front. offices established in Miami.). Spryker raises $130M at a $500M+ valuation to provide B2Bs with agile e-commerce tools.

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