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Copper Banking adds $9M in funding as digital banks clamor for teen customers

TechCrunch

Copper Banking , a digital banking service aimed at teens, announced today it has raised a total of $13.3 Copper Banking CEO and co-founder Eddie Behringer believes the startup has a few competitive advantages. One of the first things we noticed is that banks have set the bar extremely low for pre-18 banking.”.

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5 key metrics that help edtech startups improve profitability

TechCrunch

Direct ways to improve revenue Address sales department effectiveness Analyzing metrics begins with determining each manager’s target results. Approval rate of bank deferrals and students loans 5 key metrics that help edtech startups improve profitability by Ram Iyer originally published on TechCrunch

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Challenger bank N26 raises $900 million at $9 billion valuation

TechCrunch

The Berlin-based startup operates a digital bank with 7 million clients across 25 countries. N26 offers bank accounts and debit cards that you can control from a mobile app. Opening a bank account is quite easy as you don’t need to go to a branch and fill out lengthy paperwork. Earlier this year, BaFin also imposed a $4.9

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Upheaval in venture banking can help us get back to basics: efficient growth

TechCrunch

With the collapse of Silicon Valley Bank, founders find themselves in a predicament when looking to raise either equity or debt. Even typing it feels like watching paint dry because when this phrase is uttered, people can’t help but jump to metrics like CAC/LTV, burn efficiency, OpEx ratios, and of course, the good old rule of 40.

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Neon triples revenue in quest to become the biggest bank for Brazil’s working class

TechCrunch

When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in his country. “I I used to make $300 in a month to pay $200 a year in banking,” he recalls. “It Its metrics are impressive.

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TechCrunch+ roundup: New success metrics, M&A timeline, 5 cloud trends for 2023

TechCrunch

Instead of chasing growth like a plant reflexively bending toward the strongest light, he says founders should prioritize more meaningful “efficiency metrics,” such as: Full TechCrunch+ articles are only available to members. Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. Gross retention rates.

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Vybe raises $2.9 million for its challenger bank for teens

TechCrunch

million) to build a challenger bank for teens. Thousands of cards have been delivered and the first metrics are encouraging. Banking products for teenagers are a lucrative segment. French startup Vybe has raised a $2.9 million funding round (€2.4 The company is currently testing its product with a soft launch.

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