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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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. They concluded that a unique opportunity to rebuild the fish value chain from scratch existed.

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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

FEBRUARY 1, 2021

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. Also, in its quest to become a digital bank, Carbon acquired a microfinance bank license. Image Credits: Carbon.

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Banking Insurance Fintech Technical Review 291

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 118

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

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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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

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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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

MARCH 14, 2023

Writer’s note: We’re breaking from our usual formatting this week because there was a once-in-a-generation collapse of one of the biggest banks in the country. On Friday, I wrote about how Silicon Valley Bank has been closed by regulators , which are now in charge of the bank’s deposits. Some advised diversification.

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Banking Technical Review Insurance Report 126

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

CIO

FEBRUARY 13, 2024

It requires knowing how the organization operates, its market context, and what must be achieved by the organization as a whole to ensure its success. So, if the bank sees that too many of its loans are defaulting, resulting in losses, how much would an AI-driven loan decisioning software be able to help?

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Banking Strategic Planning Metrics Strategy 264

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 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

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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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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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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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

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 B2C Fintech Machine Learning 216

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 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

Existek

FEBRUARY 7, 2024

How does mobile banking impact the future of the financial industry? Why do banks and financial institutions recognize the potential to offer mobile app services to their customers? Check this article on how to build a mobile banking app and discover the opportunities it opens for your business.

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Banking Applications Technical Review How To 52

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

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 Banking Marketing Company 245

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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Artificial Intelligence Artificial Inteligence .Net Banking 221

TechCrunch

MAY 1, 2023

More posts by this contributor Treasury management should be top of mind for startup founders The recent banking sector developments that sent founders scrambling for places to diversify their cash reserves left markets wondering if the Fed would follow these events with another rate hike.

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Banking Exercises .Net Marketing 208

Openxcell

SEPTEMBER 11, 2023

This is banking as a service. The concept of Banking as a Service (BaaS) is quickly gaining traction in the financial sector. A number of factors are driving this shift to BaaS, including the rise of fintech companies and the increasing demand for digital banking services. So, what is exactly banking as a service?

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Banking Fintech Airlines Infrastructure 52

CIO

AUGUST 1, 2023

The closest thing in its portfolio is a stake in Aareal Group, a bank that has an ERP software subsidiary, Aareaon, which provides digital solutions for the European property industry. We can create a lot of value through our focus on the most attractive markets.” In effect, Oliva is planning on losing market share.

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Company Unified Communications Banking .Net 237

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

CIO

SEPTEMBER 14, 2023

It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. The company, which reported net revenues of $3.6 That’s because, says Peterson, Nasdaq’s tech stack is the best exchange software out there.

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Artificial Inteligence Weak Development Team Generative AI Banking 286

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

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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TechCrunch

MARCH 16, 2023

The company focuses on the middle market — companies doing $3 million to $100 million in annual sales. In addition, the company offers payment terms that Sibous said make sense in the context of e-commerce — think net terms on every transaction.

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.Net Fintech Banking Internet 242

TechCrunch

MARCH 15, 2022

The products are currently under development, however, the plan is to also lend to bigger businesses in the agri-value chain, as the company expands its reach from micro-sellers, who have been their target market since launch in 2013. We know our clients better than anybody else because we are alongside them in the markets.

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Fintech Banking .Net Marketing 217

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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