Remove 2021 Remove accelerator Remove incumbents
article thumbnail

Fintechs could see $100 billion of liquidity in 2021

TechCrunch

In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Among them, millennials decamped from their rentals in crowded cities to accelerate their first home purchases to the benefit of proptech companies and challenger mortgage players alike. Public fintech stocks rose 97% in 2020. Matrix U.S.

article thumbnail

Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. It has also been on a fundraising run, with this round adding up to $160 million raised since the start of 2021. That’s a common thing.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

Fintechs could see $100 billion of liquidity in 2021. 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.

article thumbnail

NeuReality lands $35M to bring AI accelerator chips to market

TechCrunch

Inferencing chips accelerate the AI inferencing process, which is where AI systems generate outputs (e.g., And on the incumbent side, Google’s competing for dominance with its tensor processing units (TPUs) while Amazon’s betting on Inferentia. NeuReality has been shipping prototypes to partners since May 2021, Tanach says.

article thumbnail

Undock raises $1.6M to help solve your group scheduling nightmares

TechCrunch

But we seem to be in a calendrical renaissance, with incumbents like Google and Outlook getting smarter and smarter and newcomers like Calendly growing significantly. Undock , an Entrepreneurs Roundtable Accelerator-backed startup , is looking to enter the space. The startup recently closed a $1.6

article thumbnail

Why fintechs are buying up legacy financial services companies

TechCrunch

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. The deal closed in February 2021 , leading to a very quick and surprising second-quarter profit.

article thumbnail

Bond Pet Foods enters meat proteins phase with $17.5M Series A

TechCrunch

Bond Pet Foods was co-founded by Rich Kelleman and Pernilla Audibert and is part of a global pet food market valued at $110 billion in 2021 and poised to grow 5% annually through this decade to be worth $164 billion by 2029. Prior to the Series A round, the company raised $2.5 million to bring its total funding since 2017 to $20 million.