TechCrunch

MARCH 10, 2023

Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S.

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Banking B2B Report Hardware 246

TechCrunch

JULY 22, 2021

Then Yang joined Kaji at First Republic Bank to work together and continue the conversation. Allocate is the next transition of a true platform that enables family offices and high-net worth individuals access.”. 5 innovative fundraising methods for emerging VCs and PEs.

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Banking Nonprofit Groups Retail 249

TechCrunch

MARCH 10, 2023

I write this twice-weekly newsletter on a tight deadline, so when I saw a press release that started with “Silicon Valley Bank, Santa Clara, California, was closed today,” I realized I might need to pivot. ” Silicon Valley’s favorite bank just failed. Will those customers ever be made whole? Sit with that.

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B2B Fintech Banking Survey 229

TechCrunch

MARCH 29, 2022

Abdigani Diriye, Khalid Keenan and Youcef Oudjidane, the other co-founders, have combined experience across engineering, investment banking and venture capital. Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Website : [link]. Founded in : 2020.

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.Net CTO Banking Fintech 228

TechCrunch

MARCH 30, 2022

billion last year — up 153% year-over-year in terms of global VC deal value — and include a range of outfits, from payments companies to digital banks to corporate spend players. It’s not as typical for us to hear, though, about venture capitalists pouring millions of dollars into a traditional bank.

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Banking Fintech Technical Advisors Strategy 209

TechCrunch

MAY 13, 2021

A large group of investors participated in the round, including Concrete Rose VC, Avanta Ventures, Kapor Capital, Samsung Next, Massive, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank and Uncommon VC, among others. A number of angels also put money in the round. .

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.Net Retail Banking Fintech 248

TechCrunch

MAY 14, 2023

The idea actually came from a customer, he said, who thought Brex “could handle those customers better than big banks.” The first week after the SVB meltdown , the FDIC was not going to accept any bids from entities other than banks. Mary Ann Digital banking for seniors Different demographics can have different banking needs. .

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Fintech Banking .Net Report 280

TechCrunch

SEPTEMBER 14, 2021

It’s also selling its SaaS to customers in foreign exchange, banking and (ofc) crypto. PassFort tells TechCrunch it now has 54 customers in total, saying the majority are in the digital payments space. It also touts some “major” customer wins preceding this raise — name-checking the likes of Curve and WorldRemit.

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.Net Compliance Policies Fintech 252

TechCrunch

MAY 26, 2021

The relationships between banks and fintechs are multi-faceted. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. So literally over $100 billion is going into fintech, which is more than the combined tech budgets of every bank in the U.S.

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Fintech Banking B2B Programming 292

TechCrunch

MAY 1, 2023

Assuming the (very light) due diligence goes to plan and they like your company, you could have the money in your bank account within a week. You could submit a pitch on Monday and you could have money in the bank on Friday, feasibly.” So the entire process can be done in a week.

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.Net Video Banking Meeting 184

TechCrunch

AUGUST 4, 2021

London-based Starling Bank has raised more than $900 million, per Crunchbase. But despite our general inclination to lump banking-focused fintech providers that serve consumers, business customers or both into a single bucket, there’s wide divergence in how the various neobank players are performing in the market.

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Marketing Fintech SMB .Net 260

TechCrunch

MARCH 19, 2023

Before it crashed, Silicon Valley Bank was known to many startups and venture firms as the place to park their money or take out a capital line. After the bank’s collapse and the ensuing chaos, many were left wondering if the things they loved most about SVB would continue. Those kinds of limits often restrict first-time funds.

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Banking .Net Network Company 247

TechCrunch

SEPTEMBER 21, 2022

In Ivory Coast, one of Francophone Africa’s largest mobile money markets, 75% of the population own a mobile money account, compared to 20% who hold bank accounts. Here, businesses can deposit their cash from physical and field sales into their Julaya account via a mobile money agent branch without going to a bank. . million monthly.

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Fintech Banking Sport Mobile 202

TechCrunch

FEBRUARY 3, 2022

I think it nets out to a changing market, but not one that has settled on a new level of risk tolerance. The net is that some investors appear to be dialing back their appetite for high-priced startup rounds, while others are, well, not. Hello and welcome to Daily Crunch for Thursday, February 3, 2022! What the heck does that mean?

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Fintech Banking Google Cloud Technical Review 224

TechCrunch

MAY 12, 2022

More consolidation is apace in the world of payments: Nexi , the Italian fintech that scooped up rivals Danish-based Nets and then Italy’s SIA to create a $12.5 In addition to payments company Nets/Concardis, Orderbird’s other investors had included Digital+ Partners and Metro Group, and it had raised around $55 million in all.

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SMB .Net Strategy Banking 251

CIO

AUGUST 28, 2022

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

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Banking Innovation Strategy Artificial Inteligence 148

CIO

SEPTEMBER 2, 2022

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

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Banking Innovation Strategy Artificial Inteligence 148

TechCrunch

MARCH 1, 2023

While Revolut has yet to obtain a banking license in the U.K. its home country), the company now has a full banking license in Lithuania. It can use this license across the European Economic Area through passporting rules , which means that Revolut could be considered as a bank in Europe.

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Report Banking Fintech .Net 232

TechCrunch

SEPTEMBER 26, 2022

First in line at this point in time — in a decision which is due in December — is banking giant Barclays. But the prospect of a profitable, global bank taking over the contract has been branded “insane” and “mad” by some key U.K. We can’t hand the support to the tech ecosystem to an incumbent bank! industry players.

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Technical Review Government Banking .Net 164

TechCrunch

MAY 10, 2021

Fair , a multilingual digital bank and financial services platform, is launching to the public after raising $20 million in 40 days earlier this year. There was not a single check from a VC or bank or from a family office,” Parekh told TechCrunch. I was an engineer by background, but was very confused with the American banking system.

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Banking Fintech Insurance Social 250

TechCrunch

AUGUST 11, 2022

The wealth technology company was co-founded in 2019 by Taylor Matthews and Brad Genser, who say Farther is “a new kind of financial institution” catering to high-net-worth professionals building generational wealth but want the freedom of both an automated system and a professional.

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CTO Coach Artificial Intelligence Artificial Inteligence Banking 236

TechCrunch

JUNE 11, 2021

After connecting your bank account with Cashbee, you can transfer money back and forth between your bank account and a savings account. Right now, Cashbee partners with My Money Bank for the savings accounts. Cashbee doesn’t keep your money, it just acts as a middle person between your bank account and My Money Bank.

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.Net Banking Fintech Retail 203

TechCrunch

DECEMBER 9, 2021

The market for simplifying net terms payments and embedding BNPL payment options is exploding as companies work to mitigate the pain of payments caused by overextended and snarled supply chains,” said Chris Tsai, Resolve’s CEO and co-founder. Resolve, ahem, resolves to make net terms simple and easily embeddable.

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B2B .Net Small Business Banking 246

TechCrunch

JUNE 4, 2021

Despite this pandemic-fueled growth, SentinelOne’s net losses more than doubled from $26.6 The S-1 filing also identifies Morgan Stanley, Goldman Sachs, Bank of America Securities, Barclays and Wells Fargo Securities as the lead underwriters. million and its customer base grew to 4,700, up from 2,700 a year prior.

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.Net Artificial Inteligence Machine Learning Government 274

TechCrunch

AUGUST 27, 2021

That was one of the drivers for Zeal’s latest product, the Abacus gross-to-net calculator, which payroll companies can use to ensure they are compliant in paying their income taxes. Meanwhile, Shenoy cited IRS data that showed more than 40% of small and medium businesses pay at least one payroll penalty per year.

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Banking Infrastructure Fintech Fractional CTO 247

TechCrunch

MAY 11, 2023

For banks and credit unions, then, interest-rate hikes are more than welcome. For perspective, consider that net interest income at Wells Fargo in the first quarter amounted to $13.3 That’s a lot of money the bank can spend, save or invest. billion , up 45% from a year earlier.

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Fintech .Net Banking Study 222

TechCrunch

MAY 19, 2022

I believed the platform I was running could be a lot bigger and scale a lot faster if we could connect more dots — and basically creating an end to end protein plant,” said Rehmann, who has worked for an investment bank and Microsoft.

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Technical Review .Net Marketing Retail 219

TechCrunch

JULY 16, 2021

Blend’s white label technology powers mortgage applications on the site of banks including Wells Fargo and U.S. Bank, for example, with the goal of making the process faster, simpler and more transparent. . Meanwhile, its net loss narrowed from $81.5 million in 2019. million in 2019 to $74.6 million in 2020.

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Banking Fintech .Net Software 311

TechCrunch

DECEMBER 23, 2020

You’ve heard of challenger banks? Japanese Prime Minister Yoshihide Suga has set a target of reaching net-zero by 2050. Now meet the challenger energy suppliers. s Octopus Energy has attained a $2.06 billion valuation (£1.5 billion) after attracting a $200 million (£150 million) investment from Tokyo Gas, for a 9.7% in the U.K.),

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Energy .Net Retail Banking 297

TechCrunch

JANUARY 25, 2021

While the underlying performance of these companies was strong, the pandemic further bolstered results as consumers avoided appearing in-person for both shopping and banking. For its part, PayPal in the third quarter signed up 15 million net new active accounts (its highest ever).

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Fintech .Net Trends Retail 348

TechCrunch

FEBRUARY 3, 2021

Financing is complicated and offered by a bank through — gasp — an actual phone call. Balance offers efficient B2B payments that allows merchants to offer a variety of payment methods including ACH and bank wires as well as a variety of payment terms including payment on delivery, net payment terms, and payment by milestone.

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B2B .Net Banking Blockchain 237

TechCrunch

JANUARY 12, 2021

The startup, which plans to become a digital assets bank, says the round exceeded its initial target of $4 million. It focuses on investors new to cryptocurrency with educational features, as well as high net-worth individuals, and says it has transacted over $600 million in gross transaction volume since launching at the end of 2019.

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Blockchain Banking .Net Education 245

TechCrunch

JUNE 7, 2022

The startup, which focuses on earned wage access and finance education, with plans to add neo banking products, too, announced today it has raised $2.8 Additionally, financial uncertainty and a lack of a financial safety net creates a lingering feeling of insecurity, and is the main cause of mental stress among workers.”

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Banking Education .Net Insurance 219

TechCrunch

JULY 7, 2021

The company takes advantage of DSP2 regulation and open banking APIs to ingest data. For instance, banks and fintech companies offer credit products in their apps thanks to partnerships with Younited Credit. Examples include N26, Lydia, Orange Bank and Fortuneo. So far, Younited Credit has granted more than €2.4

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Fintech Data Banking B2B 227

TechCrunch

JUNE 6, 2022

Per a World Bank report , only 11% of Africa’s population have their credit information recorded by private credit bureaus. And for those who are banked, only 17% have accessed loans. This concern was too significant for Yvonne Johnson to ignore while working as an executive with First Bank, one of Nigeria’s largest banks by assets.

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Banking Fintech B2C Artificial Inteligence 216

TechCrunch

OCTOBER 20, 2021

You’ve heard of SPACs, meme stocks and buy now, pay later, but have you heard of the LTSE, First Women’s Bank and Upsolve? Whether they are and what net outcomes they yield for various stakeholders are useful questions. The binary views are reminiscent of those we saw during the ICO frenzy in 2018.

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.Net Artificial Intelligence Artificial Inteligence Banking 221

CEO Insider

MAY 12, 2023

According to the most recent CEO survey by CEOWORLD magazine Executive Council, the current banking crisis has caused concern among chief executives; however, they are not inclined to switch institutions. A survey was published less than a month after the federal bailout of three regional banks. appeared first on CEOWORLD magazine.

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Banking Survey Marketing .Net 119