A VC: Musings of a VC in NYC
AUGUST 11, 2021
So the existing incumbents are the defensive line. And they are not taking on any of the incumbents directly. USV TEAM POSTS: Hanel Baveja — Aug 9, 2021 Remora. It is also hard to take on the existing social nets. They look impenetrable. Until they aren’t. That’s when the opening emerges.
TechCrunch
JANUARY 25, 2021
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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TechCrunch
JANUARY 19, 2022
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.”
TechCrunch
FEBRUARY 1, 2022
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.
Y Combinator
DECEMBER 8, 2021
But the company will end 2021 with revenues close to 2x its pre-pandemic peak, in spite of continued low interest rates, reduced travel, and depressed pandemic spending. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. This did not happen by magic. expectations.
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. The deal closed in February 2021 , leading to a very quick and surprising second-quarter profit.
TechCrunch
SEPTEMBER 17, 2022
billion at the time of its last raise in 2021. For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There And if so, why? Image Credits: Varo.
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