TechCrunch

MAY 5, 2022

Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory. At the same time, the incumbent banks are stuck with their mainframes, IBM contracts, and software written in COBOL,” he wrote via email.”

incumbents 97

incumbents networking financing finance 97

Haystack

DECEMBER 26, 2018

There are many reasons for that, such as private equity and crossover investors investing earlier, or the fact that LPs in VC funds are affected by public market swings and could, theoretically, hit some VC firms to feel the pinch. Much of this can trickle down into the startup ecosystem. I am expecting a downturn at some point.

opportunity 76

opportunity incumbents VC culture 76

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

AUGUST 24, 2021

million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. It’s also notable that São Paulo-based Cora only raised its $26.7

incumbents 96

incumbents capital financing finance 96

TechCrunch

FEBRUARY 1, 2022

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. VC funding into private fintech companies crossed $134 billion in 2021, rising by 177% from a year earlier, according to Crunchbase.

incumbents 107

incumbents VC accelerator investing 107

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. The financing brings NorthOne’s fundraising total to $90.3 Ultimately, the company’s goal is to give its business the “control, clarity and confidence” they need to better manage their finances.

capital 98

capital incumbents education financing 98

TechCrunch

JUNE 8, 2022

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality — remains a growing opportunity, both to help fuel new business and to help incumbents get up to speed with their disruptors.

incumbents 87

incumbents financing finance technology 87

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. But lately, fintech upstarts are the ones doing the acquiring.

incumbents 106

incumbents accelerator technology startup 106

TechCrunch

FEBRUARY 3, 2022

We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” The round, led by Tiger Global with participation from Sequoia, Lux Capital, Emerson Collective, Plural VC and more, came together in less than 24 hours, Yahyaoui noted.

incumbents 99

incumbents startup communities consulting 99

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

Tomasz Tunguz

APRIL 1, 2013

What kinds of moves are the incumbents making and how they change the market? Financing plan : What are the major buckets of expenditures? Market Size Validation : The first thing is to verify market size and whether it foots with the data the company presented. Then, I try to dig deeper into the nuances of the market.

VC 49

VC startup pitching incumbents 49

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.

founder 98

founder startup incumbents financing 98

TechCrunch

JULY 14, 2021

Other investors include the owners and management of the Phoenix Suns and Boston Celtics and existing backers such as Accomplice and Pear VC. The financing brings the two-year-old company’s total raised since its 2019 inception to $50 million. Accomplice and Greycroft co-led its $7 million Series A last June.

incumbents 95

incumbents financing finance innovation 95

TechCrunch

JANUARY 16, 2021

M1 Finance , a fintech startup that brings together lots of pieces of the fintech playbook into a single service, reached $3 billion in assets under management (AUM) this week. But I really bring up the M1 Finance milestone for a different reason. One more VC Visa-Plaid take. And for Bumble, which filed to go public.

incumbents 128

incumbents financing finance SaaS 128

TechCrunch

DECEMBER 7, 2021

What’s really impressive with this round is that it is primarily financed by existing investors,” Lydia co-founder and CEO Cyril Chiche told me. But now, many VC firms have raised huge funds. If a portfolio company is doing well, VC firms now usually want to double down on their previous investment. Times are changing.

peer-to-peer 83

peer-to-peer incumbents VC financing 83

TechCrunch

SEPTEMBER 8, 2022

One reason it attracts the most VC dollars is how expensive building a fintech product can be when factors such as integration, compliance and licensing are considered. Fintech is Africa’s hottest startup segment, and startups here make up the largest percentage of any typical YC cohort — in this case, five out of eight are fintechs.

startup 81

startup incumbents accelerator financing 81

TechCrunch

AUGUST 7, 2022

On the bright side, the fact that VCs are more discriminating about where they put their dollars could actually lead to more M&A activity, according to Ruark. That is one reason why a number of VC firms have told their portfolio companies to focus on performance and cut costs,” he told TechCrunch. Guess we’ll see about that.

real estate 106

real estate VC mix-use opportunity 106

TechCrunch

JUNE 23, 2021

Lower , an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. The financing also marks the previously bootstrapped Lower’s first external round of funding in its seven-year history. This round is notable for a number of reasons.

financing 94

financing finance incumbents investing 94

TechCrunch

JUNE 29, 2022

April users connect their payroll, bank statements, mortgage, prior year’s tax return and other finance apps to the platform and then tell April about significant tax events over the past year (e.g., ” Countless vendors offer online tax prep services, including incumbents like TurboTax and H&R Block. moving to another state).

incumbents 87

incumbents financing finance advice 87

TechCrunch

JANUARY 13, 2022

Digital banks, neobanks, challenger banks or whatever you may call them, are among the biggest recipients of VC investments in fintech. Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. TA Ventures, Jiji, u.ventures and AVentures Capital also participated.

incumbents 104

incumbents financing finance investing 104

TechCrunch

MAY 8, 2022

Led by Lindsay Holden, the startup had raised more than $20 million in funding and had built a gamified finance mobile app that aims to help people “save, learn and engage” with their finances. In other words, incumbents in some cases need fintechs even as they compete with them. million in a round led by Firebrand Ventures.

real estate 87

real estate financing finance venture capital 87

TechCrunch

AUGUST 29, 2022

These platforms have become popular with neobanks or upstarts in different segments trying to embed financial services into their offerings because large, incumbent banks have been relatively slow to bring their services up to speed with the pace of change in the world of tech and banking. The situation is no different in Africa.

startup 93

startup incumbents financing finance 93

Haystack

JULY 20, 2018

More recently, this trend has shifted a bit within the Bay Area, which today’s giants like Uber, Airbnb, and Stripe being built in San Francisco proper while incumbents down south have begun scooping up premium commercial real estate in the city. Over the past two years, however, I’ve felt that something is out of balance.

investing 116

investing investment venture capital peer-to-peer 116

TechCrunch

MARCH 15, 2022

But with more and more business processes moving online, online job search is the gift that keeps on giving, and so today comes news of another portal in the space raising a big round to take on the incumbents in the space with more innovative and accurate technology.

incumbents 74

incumbents education innovation technology 74

TechCrunch

OCTOBER 13, 2022

government’s own reported school financing data, and established that schools spend around £2 billion ($2.2 And with another chunk of change in the bank, it’s now well-financed to expand further into the U.S. Zen Educate platform Image Credits: Zen Educate. Show me the money. Now, the company is adding a further £19.3

education 90

education incumbents financing finance 90

TechCrunch

JANUARY 22, 2023

Snafus can happen even when incumbents and fintechs partner. How can fintech startups outlast the VC winter? Reports Fintech Finance News: Turkish fintech company “ Papara. The relationship between incumbents and upstarts has long been a complicated one. Reports CFO Dive : “Wilmington N.C.-based

incumbents 105

incumbents media ventures financing 105

TechCrunch

MARCH 16, 2023

Mironov came from the finance world, having spent several years as a private equity analyst, associate and consultant. And of course incumbent payroll providers like Square offer their own solutions. In fact, one survey found that three out of every five gig workers lose earnings because of technical difficulties clocking in or out.

incumbents 89

incumbents consulting sustainability ventures 89

TechCrunch

FEBRUARY 8, 2022

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. Tiger Global, Dubai-based early-stage VC BECO Capital and Prosus Ventures co-led the Series A investment.

investing 99

investing investment ventures incumbents 99

TechCrunch

MAY 3, 2022

“They are the strongest company in the segment and well financed in this growing market,” said Forrester analyst Craig Le Clair. If your business requires a lot of preparation to understand the nuances before you meet the VC, you probably need to reframe your story a little bit and simplify,” she said.

pitching 84

pitching SaaS incumbents ventures 84

TechCrunch

MARCH 27, 2022

billion last year — up 153% year-over-year in terms of global VC deal value. Startups like these are keeping the incumbents (relatively speaking) on their toes. Robinhood expands into consumer finance while Apple steps up its fintech game. There has been much talk as of late of a slowdown in venture funding.

ventures 96

ventures technology startup real estate 96

TechCrunch

MARCH 2, 2022

Like many API-led fintechs, card-issuing API (pioneered by the likes of Rapyd, Ayden and even Stripe globally) is increasingly getting attention from investors who think it’s the next big thing in a sector that has attracted the most VC dollars in Africa. Union54, despite being based in Zambia, has customers across Africa.

incumbents 98

incumbents capital founder pitching 98

TechCrunch

APRIL 14, 2022

One of the things you do in VC asset allocation is lean in to the winners,” he told TechCrunch. I think that’s a big moat around any of the incumbents,” he said. “In Which neobanks will rise or fall? You really buy into the ones that are doing well and put all your resources there.

education 78

education communities incumbents capital 78

TechCrunch

AUGUST 16, 2022

The first iteration of the app launched last August, and in the intervening months the company raised an “over-subscribed” $700,000 pre-seed round of funding from backers including early-stage Swiss venture capital (VC) firm Wingman Ventures, as well as U.S.-based

incumbents 88

incumbents VC support venture capital 88

TechCrunch

MAY 22, 2022

One day, I’m hearing personal accounts of VCs pulling term sheets at the last minute, with some citing that their own investors had backed out of providing funds, leaving founders scrambling to save a round — and face. One day, I’m having a fintech-focused VC tell me they haven’t invested in any startups since last October.

real estate 92

real estate ventures venture capital financing 92

Both Sides of the Table

MAY 28, 2018

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this … VC: “How much money are you raising?” Founder: “$8–10 million” VC: “What’s your current burn rate?” A VC is looking for reasonableness.

VC 247

VC capital financing finance 247

WSJ - The Accelerators

JULY 2, 2015

For instance, in first quarter 2015, 55% of all American venture rounds were either seed or Series A, split almost evenly, while 19% of all rounds were Series B (the third round of financing), according to data from CB Insights. See page 287 of Josh Lerner and Antoinette Schoar’s International Differences in Entrepreneurship ).

ventures 28

ventures incumbents venture capital financing 28

TechCrunch

NOVEMBER 12, 2020

Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. More recently — and unsurprisingly given recent fintech trends — Railsbank is also talking itself up as an embedded finance partner. Visa), regulation, and compliance,” he told me at the time.

incumbents 115

incumbents disruption pitching capital 115