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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

million in 2016 to a whopping $3.7 Given the startup’s agency model, most of that revenue is paid out directly to the firm’s agents, who netted about $3 billion in commissions in 2020. Compass posted a net loss of $270 million in 2020, a net loss roughly in line with what it has experienced in the past two years.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5 In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

Fintech Index, 2016 -2020 Image Credits: CapiQ, Yahoo Finance. For its part, PayPal in the third quarter signed up 15 million net new active accounts (its highest ever). Matrix U.S. E-commerce undoubtedly stood out as a major driver.

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Personal finance startup Truebill raises $17M

TechCrunch

When I first wrote about the startup in 2016 , it was focused on helping users track and cancel unwanted subscriptions. The startup says the round will allow it to develop new products and features, including net worth tracking, automated debt payments and shared accounts.

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Honeycomb scores $50M investment as observability platform thrives

TechCrunch

Honeycomb was founded in 2016 by two former Facebook engineers to create a new way of looking at application monitoring based on the internal tooling they had seen at Facebook. I think our stand-up metric here is that our net revenue retention is over 160%.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Founded in: 2016. As more businesses come online and expand across Africa, there’s a need for platforms like Nash to help finance teams manage and facilitate transactions between different accounts. . Website: [link]. Team size: 60. Location: Kampala, Uganda.

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The half-billion-dollar profit swing that led to Better.com’s myriad layoffs

TechCrunch

Pierce had been with Better.com since August 2016, when she started as a “growth associate.” Santa-Donato joined the company in January 2016 as a “capital markets associate.”. million in revenue — up nearly 10x on the year prior — led to net income of $172.1 The company’s $875.6

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