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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. 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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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. It’s not disclosing valuation.

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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.

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With capital aplenty, modern corporate investors marry financial and strategic goals

TechCrunch

The corporate venture capital (CVC) market is booming. Yesterday, The Exchange dug into the data behind the CVC market’s very busy 2021. But it’s not a pure venture capital story. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

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

TechCrunch

He expects 2021 revenue growth to be five times over 2020, while Fuzzy memberships, which start for free and then a monthly subscription of $24.99 In addition, 25% of the capital was raised from underrepresented communities, Bhettay said. 8 VCs agree: Behavioral support and remote visits make digital health a strong bet for 2021.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. Gorra intends to use the new capital to continue technology development on those tools, to add to Rebag’s workforce of 150 people and expand its marketing.

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With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back

TechCrunch

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. In 2021, NorthOne replatformed the company with a new banking partner, The Bancorp Bank, N.A, Presently, NorthOne has about 75 employees and doesn’t plan to go on a hiring spree with its new capital.

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