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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

When Chijioke Dozie, the CEO, spoke to TechCrunch in 2019, he cited recruitment purposes and clientele trust as reasons why the company made its financials public — an exercise it has done every second quarter for two years. Like Carbon, other startups on the continent have followed suit by releasing year-on-year metrics.

Banking 291
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Squarespace files for a direct listing on the NYSE

TechCrunch

For now let’s focus on Squarespace’s own metrics. In 2019, Squarespace generated revenues of $484.8 million and net income of $58.2 million and net income of $30.6 Squarespace’s revenue grew just over 28% in 2020, compared to 2019. million and a net loss of $267.7 million in 2019 and $150.0

.Net 262
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Will ride-hailing profits ever come?

TechCrunch

Uber’s revenue fell from $13 billion in 2019 to $11.1 billion in 2019 to a far-smaller $2.4 Along the way we’ll talk BS metrics and how firing a lot of people can cut your cost base. billion in 2020 , an improvement from its 2019 loss of $8.51 But the decline in demand harmed both companies. billion in 2020.

.Net 302
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Bumble files to go public

TechCrunch

In 2019, Wolfe Herd took the helm of Badoo, renamed to Bumble Group, in a $3 billion deal with Blackstone, replacing Badoo founder and CEO Andrey Andreev following a harassment scandal at the firm. Net income of $68.6 Net income of -$116.7 The company’s adjusted EBITDA, a very non-GAAP metric, expanded from $80.0

.Net 294
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Oscar Health’s IPO filing will test the venture-backed insurance model

TechCrunch

Here are its 2020 metrics, and their 2019 comps: Total premiums earned: $1.67 Net premium earned: $455 million (-3% from $468.9 Oscar Health did a great job raising its total premium volume in 2020, or, in simpler terms, it sold way more insurance last year than it did in 2019. So, how did the company perform in 2020?

Insurance 246
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Coinbase files to go public in a key listing for the cryptocurrency category

TechCrunch

Coinbase’s financials show a company that grew rapidly from 2019 to 2020. More than that, the company also crossed the threshold into unadjusted profitability; it’s common amongst quickly-growing tech companies to lean more heavily on adjusted profit and other more flattering metrics. In 2019 Coinbase $30.4

.Net 270
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Airbnb files to go public

TechCrunch

What changed from the first three quarters of 2019 to the first three quarters of 2020? billion in the first three quarters of 2019 to just $545.5 Airbnb’s growth continues in year-over-year terms right until the March 31, 2020 quarter, when it was effectively flat compared to Q1 2019. million in the same period of 2020.

.Net 359