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When AI Favors the Incumbents

Tomasz Tunguz

Teams will summarize meetings, create chapters in those meetings, extract tasks, translate in real time, & develop templates for future meetings. Incumbents have lept onto advances in generative machine learning more aggressively than any trend in recent technology history. Mobile, cloud, social - startups led each of those waves.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

He saw a need for financial application development, but was hindered by a banking system “still stuck in the 20th century.” Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions. Investors, founders report hot market for API startups.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. Put simply, Crowdz started out by giving small and medium-sized businesses a way to sell invoices for financing to funders.

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The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

As drivers we look out for them, as pedestrians we might be annoyed if they steer in our way but the riders themselves have developed better norms as happens in all forms of transportation. You can’t simply drop a bunch of electric scooters in a market and hope to compete with the data and software advantages of the incumbents.

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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

Northwestern Mutual Ventures, Silicon Valley Bank, M25, Fiat Ventures and Invest Nebraska also participated in the financing. Lisa Dolan, managing director at Link Ventures, said she found the company while examining web traffic data, where Breeze was listed among industry incumbents among consumers searching for disability.

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TechCrunch+ roundup: Alternative financing, Web3 adoption, India’s hot Q3 fundraising

TechCrunch

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+.

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UK challenger bank Starling raises $376M, now valued at $1.9B

TechCrunch

In the latest development, U.K.-based Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth. based Starling announced that is has closed £272 million ($376 million at current rates), at a pre-money valuation of £1.1