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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. That’s a common thing.”

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

4-year founder vesting is dead. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software.

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Binance founder Changpeng ‘CZ’ Zhao shares his vision of web3 opportunities at TC Sessions: Crypto

TechCrunch

The blockchain giant processed $34 trillion in trading volume in 2021, it says, and the exchange shows few signs of resting on its laurels as it pursues bold new bets to diversify its business. At the forefront of these changes is Binance founder and CEO Changpeng Zhao. Zhao is worth an estimated $65 billion.

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So you want to launch an AI startup

TechCrunch

It seems like it’s the best of times for founders thinking about launching an AI startup, especially with OpenAI releasing ChatGPT to the masses, as it has the potential to really put AI front and center in business and perhaps everything we do technologically. What’s working?

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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. So what’s going on here?

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The Year to Be Great

Andreessen Horowitz

Everyone knows that founders have been on a whipsaw over the past several years. Pivoting from growth at all costs in 2020 and 2021 to efficiency in 2022 and 2023 meant slashing budgets, shelving new projects, doing RIFs, and picking fights with your cloud provider over your bills. What should founders aim for in 2024?

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Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

Corporated-backed programs provide an alternative — Booz Allen Ventures joins Lockheed Martin’s Lockheed Martin Ventures and HorizonX, which spun off from Boeing in August 2021. But even founders willing to ingratiate themselves with the defense industry are sometimes reluctant to accepting funding from corporate arms.