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Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. In this post, we will walk through what drove Monzo’s early success, how it has come to dominate the UK market, and the company’s opportunity to change the landscape of global financial services with its beloved brand.

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Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America

TechCrunch

And, the app was recently ranked in the top 10 of all apps downloaded in Mexico via Google Play, surpassing Spotify and Facebook app downloads, according to Amozurrutia. The banks and incumbents take advantage of that and make people feel like they’re not smart enough to manage their money.

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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

That means there’s a huge opportunity for companies like Astro that are trying to prove the convenience of online grocery ordering over brick-and-mortar visits. Revenues grew more than 10x over the past few months and downloads hit 1 million, the company said.

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Column Tax announces $5.1M seed round to launch mobile tax-prep products

TechCrunch

Column Tax’s software differs from that of incumbents like TurboTax and H&R Block in that it is mobile-only and will be embedded into a customer’s existing bank account, allowing for year-round integration that the company says will cut down users’ time spent on tax prep.

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Former Myntra chief’s fashion startup Virgio valued at $161 million in new funding

TechCrunch

Virgio says consumers’ fashion preferences are changing rapidly and they are not satisfied with the incumbents’ offerings. Its eponymous app has already amassed over 100,000 downloads, it said. (On (Virgio says it was founded this year, but hasn’t disclosed its seed funding round.).

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Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation

TechCrunch

The startup has had “millions” of downloads of its app across its three current markets of Germany, Spain and Italy up to now, working out to over $1 billion in taxes refunded for those who fill out their forms using its mobile assistant. and it’s often free money owed to you! Turbotax, Intuit’s big product in the U.S.

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Welcome Tech, which wants to build a ‘Super App’ for immigrants, raises $30M

TechCrunch

s SB Opportunity Fund. Joining TTV in doubling down on their investment in the company were Owl Ventures, SoftBank’s Opportunity Fund, Mubadala Capital and Next Play Capital. We blew through about 1 million app downloads of our digital wallet a few weeks ago,” Hemmat told TechCrunch. “We