TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

incumbents 106

incumbents consulting SaaS disruption 106

TechCrunch

MARCH 4, 2022

Keyway , a startup that buys property from small and medium-sized business owners and then leases it back to them, has secured $70 million in debt financing on the heels of a $15 million equity raise. And 20% of transactions fall through because the buyer didn’t have guaranteed financing.” commercial real estate value.

real estate 97

real estate financing finance incumbents 97

American Entrepreneurship

SEPTEMBER 22, 2023

“Investors are putting a premium on growth in the context of profitability, and we’re growing exceptionally fast because we’re able to profitably serve customers who aren’t being well served by incumbents,” said Sean Harper, CEO of Kin. To learn more, visit www.kin.com.

finance 52

finance financing incumbents entrepreneurship 52

Entrepreneurs' Organization

OCTOBER 30, 2018

Incumbent human processes were cumbersome, laborious, costly, slow and demoralizing. Krupa Srinivas is the co-founder of Owned Outcomes, a software company that enables data-driven decision making for healthcare providers and payers as they seek financial sustainability alongside clinical outcomes in patient care.

innovation 152

innovation hospitality incumbents technology 152

TechCrunch

APRIL 3, 2022

billion in an all-stock deal that was a reflection of its continued push into consumer finance. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g. TechCrunch last reported on Fast in January of 2021, when the startup raised a $102 million Series B financing led by Stripe.

startup 110

startup financing finance incumbents 110

TechCrunch

JUNE 22, 2022

The models of these B2B companies mirror their retail e-commerce counterparts such as Wasoko and TradeDepot, as they use tech-enabled solutions to digitize medicine distribution to underserved pharmacies, drug shops, clinics, and hospitals. As such, their growth has been rapid, Salient says.

investing 114

investing investment health startup 114

TechCrunch

AUGUST 4, 2022

The financing marks the company’s first ever institutional funding. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs. Endeavor Catalyst also participated in the financing.

startup 84

startup incumbents finance financing 84

TechCrunch

NOVEMBER 30, 2022

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. million in equity, $11.75

economic environments 86

economic environments incumbents finance financing 86

TechCrunch

OCTOBER 1, 2021

million seed financing in the summer of 2020. Their goal was to create a strategic finance platform for the enterprise that had the look and feel of a consumer offering. So Singh ended up assembling a 10-person “shadow finance and ops team” to get “the right information at the right time.”. Talk about validation.

financing 98

financing finance incumbents collaboration 98

TechCrunch

DECEMBER 6, 2022

But that hasn’t stopped new ventures from cropping up to challenge the incumbents. Bringing Expeto’s total raised to over $25 million (inclusive of $5 million in debt financing), the proceeds will be put toward product R&D as well as customer and partner acquisition, according to CEO Michael Anderson.

networking 88

networking startup incumbents energy 88

TechCrunch

MARCH 21, 2022

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. CommerceIQ is the leading channel optimization platform enabling the largest brands to win in retail.”. Meanwhile, $1.1 It’s certainly not slowed down.

capital 89

capital startup enablement incumbents 89

TechCrunch

AUGUST 24, 2021

For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. Existing services are expensive and inefficient, creating opportunities for technology enabled service providers to offer better and cheaper services,” he said. “We

incumbents 96

incumbents capital finance financing 96

TechCrunch

MARCH 18, 2021

Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. These will typically be at incumbent banks, but they do not offer the same ranges of services to customers.

incumbents 126

incumbents finance financing startup 126

AsiaTechDaily

JANUARY 19, 2023

It was very fulfilling to see how digitalization has helped our rural bank partners to thrive during the pandemic recovery period and enabled our loyal users to access attractive deposit and loan products digitally. Fintech help SMEs manage their finances and capital with convenience and efficiency.

peer-to-peer 75

peer-to-peer incumbents accelerator economic growth 75

Andreessen Horowitz

OCTOBER 12, 2023

When it comes to purchasing AI solutions specifically, some organizations have a predisposition to buying from larger incumbents, so be sure to have a crisp value proposition for why they should partner with a startup over a larger incumbent with whom they’re already working.

incumbents 114

incumbents health frameworks strategy 114

TechCrunch

MAY 25, 2022

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. “Sima.ai’s software and hardware platform can be used to enable scaling machine learning to [a range of] embedded edge applications.

startup 95

startup accelerator incumbents disruption 95

Tomasz Tunguz

JUNE 21, 2022

Lee headed finance for the company from $15m in ARR to more than $1b. UBP enabled the company to manage COGs and gross profit. When startups and incumbents ramp growth aggressively once again, management teams, who haven’t ensured their key employees earn attractive salaries and vest in-the-money options, risk talent flight.

startup 80

startup incumbents accelerator sustainability 80

TechCrunch

APRIL 6, 2021

Digital transformation is the name of the game these days, and companies that are enabling businesses to take a leap into the future, by helping them tackle their most complex operations, are reaping the rewards. The funding values OneStream at $6 billion.

financing 69

financing finance incumbents enablement 69

TechCrunch

FEBRUARY 17, 2022

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. And our main product is transport management software for shippers enables multi-enterprise collaboration.

incumbents 80

incumbents transportation collaboration consulting 80

TechCrunch

JANUARY 27, 2022

to select African countries include unicorn Chipper Cash , Lemonade Finance, Zazuu and Sendwave. Their collective bet is that their market will grow over time and eat into traditional incumbents’ share. Similarly, NALA, in addition to enabling cross-border payments from the U.K. Whether that’ll happen remains to be seen.

peer-to-peer 98

peer-to-peer incumbents finance financing 98

Andreessen Horowitz

AUGUST 30, 2023

Popularized by Michael Milken at Drexel Burnham Lambert, the invention wasn’t all that complicated: issue bonds with very high interest rates and correspondingly high risk, and use that capital to finance the wholesale acquisition of mismanaged, inefficient, and sclerotic companies. billion, against almost $2.8

opportunity 91

opportunity incumbents finance financing 91

TechCrunch

SEPTEMBER 1, 2022

Over the years, infrastructure has enabled fintech companies and non-financial services companies alike to seamlessly integrate financial products into their platforms. Infrastructure providers can help connect fintech companies with incumbent banks so that they can both reap the benefits of the interest rate environment.

incumbents 92

incumbents opportunity enablement innovation 92

TechCrunch

JULY 26, 2021

Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions. “In the process, you end up having to also be compliance experts just to be able to do it.”. Whereas it took Karkal three years to get bank processes set up for other companies, it took Sila 18 months.

development 103

development real estate incumbents ventures 103

TechCrunch

JANUARY 27, 2022

And today, Yu and Yang’s new company, San Francisco-based Vesta , is announcing it has raised $30 million in Series A financing led by Andreessen Horowitz (a16z) with participation from new investor Zigg Capital. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

peer-to-peer 97

peer-to-peer incumbents finance financing 97

TechCrunch

MARCH 2, 2022

million in debt and grant financing from BPI France , the French government’s public investment bank. In addition to allowing patients to finance their bills, Susu proposes a collective financing solution where family members living locally or in the diaspora can also help patients finance their monthly subscription fees via care bundles.

health 95

health startup consulting incumbents 95

TechCrunch

MAY 23, 2022

Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. According to the founders, Sylndr also plans on providing seven-day money back guarantee, warranty and availing flexible financing options to users.

disruption 99

disruption financing finance venture capital 99

AsiaTechDaily

OCTOBER 15, 2022

Register Indonesian open finance platform Ayoconnect has raised an additional $13 million in its Series B funding round, bringing the total amount it raised to date to $43 million. Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform.

incumbents 59

incumbents startup financing finance 59

TechCrunch

SEPTEMBER 20, 2022

The technique trains a system across multiple devices or servers holding data without ever exchanging it, enabling collaborators to build a common system without sharing data. But a new startup, DynamoFL , hopes to take on the incumbents with a federated learning platform that focuses on performance, ostensibly without sacrificing privacy.

incumbents 74

incumbents frameworks health finance 74

TechCrunch

NOVEMBER 2, 2022

“With the capital, we will continue to focus on engagement and adoption, collaboration, governance, lineage, and on APIs and SDKs to enable us to be open and extensible,” Sangani said via email. ” According to IDC, the data integration and intelligence software market is valued at more than $7.9

incumbents 86

incumbents collaboration enablement ventures 86

TechCrunch

JANUARY 15, 2023

” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. It looks like incumbent banks and institutions are still struggling when it comes to offering tech-enabled financial services. I did, too.

incumbents 117

incumbents energy investment investing 117

TechCrunch

JULY 7, 2021

When Daniel Simon sold Bread , a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building another startup. Coast co-founders Daniel Simon and Andrew Woolf.

founder 98

founder startup incumbents finance 98

Andreessen Horowitz

OCTOBER 16, 2023

For example, a sense of needing to keep up with these technology advancements from leadership can be translated down to a VP of Consumer Finance who needs to grow a consumer banking app while battling fintech upstarts and who may be thinking about using AI products to do so–which your product could help enable.

frameworks 112

frameworks incumbents leadership advice 112

TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. Ascend is offering point-of-sale financing to enable insurance brokers to break up those commercial payments into monthly installments. Ascend on Wednesday announced a $5.5 Brokers are here to stay,” he added.

financing 83

financing finance incumbents disruption 83

TechCrunch

OCTOBER 28, 2021

As credit card and payments firms eye BNPL as a new growth opportunity, incumbents like Klarna and Affirm are seeking ways to make their installment loans available to more consumers. ” “If shoppers prefer a BNPL fintech solution, we are here and enabling it,” she said. The bigwigs enter the fray.

incumbents 95

incumbents accelerator opportunity enablement 95

TechCrunch

JUNE 8, 2022

Most incumbent banks, and now a fair number of neobanks, target small and medium businesses as customers. “It started with looking at SMBs and fintech enablement and we were looking for companies that fit that thesis,” she said in an interview. (It didn’t give actual customer numbers.) ” .

incumbents 89

incumbents capital investment investing 89

TechCrunch

MARCH 18, 2022

faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad. That spells opportunity for companies that are enabling that adoption. The growth of e-commerce and other services on digital platforms has further spurred that trend.

incumbents 79

incumbents enablement disruption innovation 79

Y Combinator

AUGUST 30, 2021

In the long run, software platforms have the potential to be much larger than traditional incumbents. Upon digging deeper, the founders realized that incumbent providers were overly complex, and more manual than necessary. Incumbents relied primarily on sales teams, which Gusto suspected actually limited their reach among SMBs.

incumbents 91

incumbents peer-to-peer health opportunity 91