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Here’s how fast a few dozen startups grew in Q3 2020

TechCrunch

Earlier this week I asked startups to share their Q3 growth metrics and whether they were performing ahead or behind of their yearly goals. Instead of merely giving me a few data points to learn from, The Exchange wound up collecting sheafs of interesting data from upstart companies with big Q3 performance. Q3 performance.

Fintech 284
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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

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. Back in August 2020, The Exchange noted that many neobanks were racking up steep losses.

Marketing 260
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Will ride-hailing profits ever come?

TechCrunch

Uber and Lyft lost a lot of money in 2020. billion in 2020. billion in 2020. 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. Lyft’s fell from $3.6

.Net 302
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Airbnb files to go public

TechCrunch

We’ve scraped together quite a lot about Airbnb’s recent financial performance, but its S-1 is the real treasure trove. Airbnb’s financial performance. What changed from the first three quarters of 2019 to the first three quarters of 2020? million in the same period of 2020.

.Net 359
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Oscar Health’s IPO filing will test the venture-backed insurance model

TechCrunch

So, how did the company perform in 2020? Here are its 2020 metrics, and their 2019 comps: Total premiums earned: $1.67 Net premium earned: $455 million (-3% from $468.9 But it also ceded a lot more premium to reinsurance companies in 2020 than it did in 2019. billion (+61% from $1.04 Total revenue: $462.8

Insurance 246
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Coinbase’s monster Q1 in context

TechCrunch

In its release, Coinbase disclosed the following metrics, which TechCrunch has compared to metrics from its S-1 filing : Monthly transacting users (MTUs) of 6.1 million at the end of 2020. billion at the end of 2020. billion at the end of 2020. million in Q4 2020. million in Q4 2020. Revenue of $1.8

Metrics 247
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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

Posting audited financials can prove detrimental for a private African company for several reasons ranging from bad marketing and PR if huge losses are incurred to regulatory clampdown if the company performs well. As we wait for its annual report for 2020, its year in review offers a sneak peek into how Carbon grew the past year.

Banking 291