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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. So it was kind of in the back of my mind for a long time.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

2019 saw a stampede of fintech unicorns. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. More posts by this contributor.

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Cloud optimization startup ProsperOps lands $72M investment

TechCrunch

Image Credits: ProsperOps Lots of cloud optimization startups claim to do the same, like Sync Computing. He claims that the startup currently has “several hundred” customers and that it’s been profitable and debt-free since Q4 2020. ProsperOps’s control dashboard.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. After emerging from stealth in 2019, Sima.ai After emerging from stealth in 2019, Sima.ai It brings Sima.ia’s total capital raised to $150 million.

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Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round

TechCrunch

To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. “It’s a huge market that is still controlled by incumbents charging extremely high interest rates, which makes it difficult for people to pay back their loans.

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

Signaling that investments in the supply chain sector remain robust, Pando , a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million. billion in 2019. The digital logistics market is estimated to climb to $46.5

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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.