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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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. With the market the way it is, the number of accredited investors is expected to grow by 50% by 2025,” Kaji said. There is a huge opportunity to unlock the market and have people participate.”.

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TechCrunch

SEPTEMBER 14, 2021

It’s also selling its SaaS to customers in foreign exchange, banking and (ofc) crypto. It’s also hiring more staff in business development and marketing, and plans to significantly bump spending across marketing, sales and customer support roles as it gears up to scale up. ” PassFort says its revenues grew ~2.5x

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.Net Compliance Policies Fintech 252

TechCrunch

MARCH 29, 2022

Quick thoughts : Off the back of DoorDash’s IPO, Y Combinator seems set on replicating that success in other markets, including Africa, where the likes of Glovo and Jumia Food are ramping up efforts to grab market share. Founders : Ahmed Ismail, a second-time founder who has worked for Goldman Sachs and Barclays, is the CEO.

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.Net CTO Banking Fintech 228

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

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 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

AUGUST 22, 2022

Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.

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TechCrunch

FEBRUARY 3, 2022

Today we have a few angles on the startup market. 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. What the heck does that mean?

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Fintech Banking Google Cloud Technical Review 224

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. .

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Fintech Banking Sport Mobile 202

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

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.” “Phil created and drove that.” So the entire process can be done in a week.

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.Net Video Banking Meeting 184

TechCrunch

JANUARY 26, 2022

Recognizing that not everyone who wants to invest might have the financial literacy to do so, Vest has also developed what Polhamus describes as “a market simulation environment for learning and practicing” for those who have no previous financial exposure. The startup currently offer users integration to local banking in the U.S.

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Marketing Fintech Retail Education 242

TechCrunch

DECEMBER 23, 2020

You’ve heard of challenger banks? This joint venture will bring our exciting approach to renewable energy and technology to the world’s largest competitive energy market, and the investment will turbocharge our mission to revolutionize energy globally,” said chief executive Greg Jackson (pictured above) in a statement. 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. As a category, retail e-commerce grew 35% YoY as of Q3, propelling PayPal and Shopify to add over $160 billion of market capitalization over the year.

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Fintech .Net Trends Retail 348

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 in 2020 to $62.6

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.Net Artificial Inteligence Machine Learning Government 274

TechCrunch

MAY 11, 2023

The Exchange explores startups, markets and money. Studying public company performance is a great way to better understand what’s happening in that segment of the market, so that’s what we’re doing today with Coinbase and Robinhood. For banks and credit unions, then, interest-rate hikes are more than welcome.

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Fintech .Net Banking Study 222

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

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 22, 2021

In a new S-1/A filing , Coursera set an initial IPO price range between $30 and $33 a share, signaling the market views its edtech business warmly ahead of its impending public offering. This is a solid increase from Coursera’s last private-market valuation, which was around $2.4 million on sales and marketing activities.

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.Net Banking Marketing Industry 282

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. . Over its lifetime, Blend had raised $665 million before Friday’s public market debut. million in 2019.

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Banking Fintech .Net Software 311

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? Through the pandemic, a trove of attention has been paid to new market structures and activity that are deemed short term, risky or speculative. Longevity: More choices to go and stay public.

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.Net Artificial Intelligence Artificial Inteligence Banking 221

TechCrunch

AUGUST 18, 2022

Since it’s not liquid, banks don’t want to use it as collateral. They sometimes make exceptions for high-net-worth individuals or founders when they want to build a long-term relationship, but the majority of the startup community lacks any way of achieving private equity liquidity. Tender offers.

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.Net Marketing Banking Company 245

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

APRIL 9, 2023

Anthony Cimino Contributor Share on Twitter Anthony Cimino , head of policy at Carta , works with policymakers and innovators to drive economic opportunity through expanding equity ownership and private market liquidity. With the failure of Silicon Valley Bank, the U.S. With the failure of Silicon Valley Bank, the U.S.

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Policies Real Estate .Net Banking 255

TechCrunch

JULY 7, 2021

The company takes advantage of DSP2 regulation and open banking APIs to ingest data. France is still the company’s leading market as Italy, Spain, Portugal and Germany represent 40% of Younited Credit’s revenue. For instance, banks and fintech companies offer credit products in their apps thanks to partnerships with Younited Credit.

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Fintech Data Banking B2B 227

TechCrunch

FEBRUARY 10, 2023

The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. million in Series A funding led by Sequoia Capital Southeast Asia.

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B2B Travel Banking Fintech 231

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

APRIL 25, 2021

It currently has operations in in five markets: Singapore, Malayasia, the United Arab Emirates and Hong Kong, and is preparing to launch in Thailand. While StashAway has built an reputation for attracting first-time investors, about 20% of its assets under management come from high-net-worth individuals. and AutoWealth.

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.Net Banking Recruiting Retail 250

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 Machine Learning 216

TechCrunch

NOVEMBER 13, 2022

Real estate fintech Redfin announced on November 9 that it was laying off 13% of its staff , or 862 people, in response to the continued slowing of the housing market. Interestingly, Kelman appears to be putting his own personal bets into real estate markets outside the U.S. Unfortunately, that was not the case. Pymnts has more here.

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Real Estate Fintech CTO Coach Banking 244

TechCrunch

AUGUST 8, 2023

Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China. The new funding will be used to scale in its main markets of Singapore and Hong Kong, where it currently serves over 100K clients in both markets.

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Real Estate Fintech Banking .Net 246

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

TechCrunch

MARCH 16, 2023

On Friday, the Federal Deposit Insurance Corporation announced that it had taken over Silicon Valley Bank , and as we rushed to plan coverage, one of my colleagues succinctly described the situation: “This is historic s**t.” Bank runs are often ironic in that they can become self-fulfilling prophecies.)

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Banking Insurance Systems Review .Net 225

Ooda Loop

FEBRUARY 22, 2024

We take a look at the recently released Federal Reserve Board 2024 bank stress test scenarios, with an eye towards just how sensitive the stress tests are to disruptions and uncertainties created by exponential technologies - and how some disruptive markets see instability in the traditional banking system as a net positive for the strategic emergence (..)

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.Net Banking Marketing Testing 59