Remove 2019 Remove incumbents Remove venture capital
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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. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

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13 investors say lifelong learning is taking edtech mainstream

TechCrunch

Last year brought a flurry of record-breaking venture capital to the sector. billion in 2019. billion in venture capital across 265 deals during 2020, compared to $1.32 Benoit Wirz , partner, Brighteye Ventures (an active edtech-focused venture capital fund in Europe that backs YouSchool, Lightneer, and Aula).

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

TechCrunch

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. After emerging from stealth in 2019, Sima.ai ”) But the startup stands to profit handsomely if it can capture even a sliver of the sector.

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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. And really, this was where my race became an obstacle.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Valar Ventures led the investment, which brings Neo’s total funding to $234.7 million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

They started Marco in 2019 and now have offices in New York, Dallas and across Latin America. This is where venture capital firms should be putting their dollars — in companies where technology and talent unleash a lot of value.”.

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