TechCrunch

JULY 13, 2021

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. The company is able to show what kind of financing can be obtained based on the amount of data customers provide.

support 100

support finance financing funders 100

TechCrunch

MARCH 4, 2022

Keyway , a startup that buys property from small and medium-sized business owners and then leases it back to them, has secured $70 million in debt financing on the heels of a $15 million equity raise. And 20% of transactions fall through because the buyer didn’t have guaranteed financing.” commercial real estate value.

real estate 97

real estate finance financing incumbents 97

TechCrunch

JUNE 6, 2022

” Ivella isn’t just competing with the theory of joint accounts pushed by incumbent banks, but also venture-backed startups seeking a multiplayer fintech world. The startup raised a $9 million seed round from investors, including Index and Accel, in 2020. Zeta, which raised a $1.5

peer-to-peer 117

peer-to-peer finance financing incumbents 117

TechCrunch

OCTOBER 1, 2021

In conversation with reporter Taylor Hatmaker, Rubin said NFTs show that individuals can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading are more commercialized forms. Successful startups will inevitably draw the attention of powerful incumbents in their industry,” he writes for TechCrunch+.

finance 74

finance financing venture capital disruption 74

TechCrunch

AUGUST 16, 2021

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But lately, fintech upstarts are the ones doing the acquiring. But lately, fintech upstarts are the ones doing the acquiring.

incumbents 106

incumbents accelerator technology startup 106

TechCrunch

DECEMBER 5, 2020

Now we’re very much a data-driven, thesis-driven outbound firm, where we’re reaching out to entrepreneurs soon after they’ve started their companies or gotten seed financing. I think that’s what’s required to build a relationship and the conviction, because financings are happening so fast. Image Credits: Brighteye Ventures.

education 113

education frameworks SaaS incumbents 113

TechCrunch

OCTOBER 1, 2021

million seed financing in the summer of 2020. The pair teamed up in 2020 to come up with a platform that would give FP&A teams the ability to “seamlessly” work across planning and reporting cycles. Their goal was to create a strategic finance platform for the enterprise that had the look and feel of a consumer offering. “And

finance 98

finance financing incumbents collaboration 98

TechCrunch

MARCH 2, 2021

Crisp , an Amsterdam-based, online-only supermarket focused on fresh produce, has raised €30 million in a Series B financing led by leading Target Global and joined by Keen Venture Partners and the co-founders of Adyen and Takeaway.com. Crisp has now raised a total of €42.5 million to date.

incumbents 100

incumbents board accelerator financing 100

TechCrunch

JUNE 30, 2021

Ribbit Capital led the financing, which also included participation from DST Global, NFX and Zigg Capital. Former Zillow executives Greg Schwartz and Carey Armstrong founded Stamford, CT-based Tomo in the fall of 2020 to take on big banks when it comes to providing mortgages to consumers. No doubt it has plenty of competition.

real estate 98

real estate incumbents strategy financing 98

TechCrunch

FEBRUARY 10, 2021

Angel and individual investors also put money in the round, including: Backstage Capital founder Arlan Hamilton, ex-Venmo COO Michael Vaughan and James Kim, former head of finance at Tinder. . TomoCredit cards became available in late summer 2020. “We And that’s not their fault.

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. It ended 2020 with less than 10 million accounts total. billion in transaction volume a month.

incumbents 96

incumbents finance financing technology 96

TechCrunch

APRIL 3, 2022

billion in an all-stock deal that was a reflection of its continued push into consumer finance. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g. TechCrunch last reported on Fast in January of 2021, when the startup raised a $102 million Series B financing led by Stripe.

startup 110

startup finance financing incumbents 110

TechCrunch

NOVEMBER 30, 2022

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. It seems that his thesis was correct.

economic environments 86

economic environments incumbents finance financing 86

TechCrunch

JANUARY 16, 2021

per share in its September 2020 round and Roblox at $4 billion in February of 2020. M1 Finance , a fintech startup that brings together lots of pieces of the fintech playbook into a single service, reached $3 billion in assets under management (AUM) this week. You could even argue that they have widened. Why do we care?

incumbents 128

incumbents financing finance SaaS 128

TechCrunch

APRIL 28, 2021

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.

incumbents 102

incumbents financing finance strategy 102

TechCrunch

APRIL 7, 2021

The company notched gross revenue of $265 million in 2020 and has raised capital over the years from backers such as General Atlantic and Tiger Global Management. The challenger bank was created to target millennials dissatisfied with the incumbent banking options.

incumbents 98

incumbents finance financing innovation 98

TechCrunch

AUGUST 24, 2021

The fintech then launched its product in October 2020 and today offers a checking account combined with a software layer that aims to help SMBs manage their financials. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”.

incumbents 96

incumbents capital financing finance 96

TechCrunch

FEBRUARY 3, 2022

“We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” Yahyaoui said, starting with students. That’s the goal.”.

incumbents 99

incumbents startup communities consulting 99

TechCrunch

FEBRUARY 1, 2022

Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

incumbents 107

incumbents VC accelerator investing 107

TechCrunch

JUNE 21, 2021

And if you want to build one in a sector crowded by both incumbent companies and richly funded startups, it can be super expensive. That was the lesson we learned in late 2020 by examining operating results from a number of neobanks. Revolut’s 2020. Gross profit growth of £123 million in 2020, up 215% from 2019.

incumbents 99

incumbents startup investing investment 99

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. The financing brings NorthOne’s fundraising total to $90.3 Battery Ventures led NorthOne’s $21 million Series A in March of 2020 and is doubling down on its investment with the new raise.

capital 98

capital incumbents education financing 98

Haystack

DECEMBER 26, 2018

Maybe it will be 2019, or 2020 — or even 2021. TechCrunch’s Kate Clark has done a round-up of the largest “private VC” rounds of 2018, and there’s a whole other list for just $100M+ financings led by Softbank’s Vision Fund. I am expecting a downturn at some point. Money has been coming into the U.S.

opportunity 76

opportunity incumbents VC culture 76

TechCrunch

FEBRUARY 2, 2022

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. So, just how does it work?

enablement 97

enablement startup incumbents transportation 97

TechCrunch

FEBRUARY 17, 2022

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. They are electronic yet manual processes that make their work very inefficient. More than 3,000 users also utilize its software.

incumbents 80

incumbents transportation collaboration consulting 80

TechCrunch

MAY 29, 2022

Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60 million Series B financing round, lifting its total funding to $90 million since the business launched just nine months ago. by 2022, compared to China’s 6% and South Korea’s 34% in 2020.

incumbents 101

incumbents financing finance capital 101

TechCrunch

SEPTEMBER 1, 2022

And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. Infrastructure providers can help connect fintech companies with incumbent banks so that they can both reap the benefits of the interest rate environment.

incumbents 92

incumbents opportunity enablement innovation 92

TechCrunch

JULY 26, 2021

Since the company launched its platform, business was building steadily, and took off in the second half of 2020. When Shamir was building Simple, he could see how challenging it was for incumbents to provide the tools developers need to embed financial services, and this is why we have confidence in his ability to win.”.

development 103

development real estate incumbents ventures 103

TechCrunch

APRIL 6, 2021

D1 Capital Partners led the financing, with participation from Tiger Global and Investment Group of Santa Barbara (IGSB), the company said. OneStream said annual recurring revenue grew 85% in 2020, with customers growing by 40% to 650 enterprises. The funding values OneStream at $6 billion.

finance 69

finance financing incumbents enablement 69

TechCrunch

DECEMBER 6, 2022

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. Bringing Expeto’s total raised to over $25 million (inclusive of $5 million in debt financing), the proceeds will be put toward product R&D as well as customer and partner acquisition, according to CEO Michael Anderson.

networking 88

networking startup incumbents energy 88

TechCrunch

FEBRUARY 11, 2021

For one, the San Francisco-based company had already raised $50 million across two tranches in 2020. And last but definitely not least, the latest extension — which closed in December but is only now being publicly announced — effectively doubles Human Interest’s valuation from its financing a few months prior. .

finance 88

finance financing incumbents capital 88

TechCrunch

SEPTEMBER 7, 2021

When we covered the company’s most recent funding round before this — a $30 million raise in November 2020 — the startup was valued at $310 million. Meanwhile, Marshmallow’s novel, big-data approach and successful traction in the market speak for themselves. “They are big companies and stuck in their ways.

incumbents 87

incumbents technology startup strategy 87

TechCrunch

JANUARY 15, 2023

I’ve been writing about Human Interest since March 2020, covering each of its funding rounds since then ( here , here and here ), and following its impressive growth. It looks like incumbent banks and institutions are still struggling when it comes to offering tech-enabled financial services. billion, had cut 10% of its staff.

incumbents 117

incumbents energy investing investment 117

TechCrunch

FEBRUARY 4, 2021

Mexico’s ALLVP, Clocktower, Kevin Efrusy and Oskar Hjertonsson and existing backer Raptor Financial Group participated in the financing as well. Since launching its first brokerage product in July of 2020, Flink has surpassed 1 million users and 800,000 active brokerage accounts. The demand for what Flink has to offer is clear.

investing 91

investing investment education incumbents 91

TechCrunch

JUNE 23, 2021

Lower , an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. The financing also marks the previously bootstrapped Lower’s first external round of funding in its seven-year history. That’s up from about 650 employees in June of 2020.

finance 94

finance financing incumbents investing 94

TechCrunch

JUNE 29, 2022

April users connect their payroll, bank statements, mortgage, prior year’s tax return and other finance apps to the platform and then tell April about significant tax events over the past year (e.g., ” Countless vendors offer online tax prep services, including incumbents like TurboTax and H&R Block. moving to another state).

incumbents 87

incumbents finance financing advice 87

TechCrunch

JANUARY 30, 2022

As these technologies proliferate in everyday life, we’ll witness the advent of the Internet of Payments …Together, sooner than you might think, the newcomers will unseat the incumbents. billion valuation at the time of its $255 million raise in December 2020. million in revenue – up 233% from $14 million in the 2020 third quarter.

incumbents 136

incumbents SaaS angel investing ventures 136

TechCrunch

MARCH 2, 2021

The latest to show its hand is Berlin-based Flink , which today is announcing that it has raised a hefty $52 million in seed financing. Meanwhile, the new financing will be used to expand further within Germany and into additional European markets this year. Cristina Stenbeck from Kinnevik also joins the round in a personal capacity.

startup 101

startup incumbents finance financing 101