Remove 2020 Remove enablement Remove incumbents
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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.

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5 Predictions for 2020

Tomasz Tunguz

Here are my 5 predictions for 2020. The direct listing becomes the standard way for startups to go public in 2020. The direct listing enables them to go public without raising capital. And incumbents desire as much of that as possible for themselves. I'll guess a 15% increase from here or about $200B.

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Monzo Makes Money Work For Everyone

Y Combinator

In April 2020, British banking startup Monzo’s revenue fell by almost 50%. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. When they joined, Monzo was generating $69M in revenues (in April 2020). expectations. to expect.

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To reach fintech’s next level, infrastructure providers must address these pain points

TechCrunch

And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. Over the years, infrastructure has enabled fintech companies and non-financial services companies alike to seamlessly integrate financial products into their platforms.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

Sales in this area topped $100 billion in 2020 , driven by the 48 million dogs and cats that were adopted over the past three years. The big story in 2020 was that everyone needed telehealth services for themselves, and we saw that transfer to pets and then exacerbated by the industry,” he added. Pets are big business.

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

TechCrunch

It’s a gap Marco Financial is looking to bridge through its tech-enabled risk assessment platform that can provide better insight on who should receive loans. Marco’s factoring product enables new companies to get started without having to put up the significant amount of collateral that banks are asking.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions. Since the company launched its platform, business was building steadily, and took off in the second half of 2020. The company raised a $7.7 million seed round earlier in the year.