Equity Monday: More cash for fintech, Deliveroo’s IPO, and AI startups

Equity Monday: More cash for fintech, Deliveroo’s IPO, and AI startups

Hi and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unload the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest personal market news, speak about the coming week, goes into some current funding rounds and mulls over a larger style or narrative from the private markets. You […] , TechCrunch’s endeavor capital-focused podcast where we unload the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the most current private market news, talks about the coming week, digs into some current financing rounds and mulls over a larger style or narrative from the private markets. Much like today’s program, if I am being honest. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some current financing rounds and mulls over a bigger theme or story from the private markets….

UK challenger bank Starling raises $376M, now valued at $1.9B

UK challenger bank Starling raises $376M, now valued at $1.9B

Challenger banks continue to see huge infusions of cash from investors bullish on the opportunity for smaller and faster-moving tech-based banking startups to woo customers from their larger rivals. In the latest development, U.K.-based Starling announced that is has closed £272 million ($376 million at current rates), at a pre-money valuation of £1.1 billion. This […] …

Constructing a fintech giant is really costly

Constructing a fintech giant is really costly

Investor and other investors have actually poured capital into fintech start-ups around the world in the last few years, consisting of a record variety of rounds worth $100 million or more in the second quarter of 2020. In Q2 2020 venture-backed fintech start-ups raised 28 nine-figure rounds, underscoring the scale of the bet financiers are making on fintech’s […] And the startup accomplice has actually raised oceans of capital to help sustain its growth. From the fundraising viewpoint, then, neobanks are eliminating the video game. Of course, startups do not raise money for fun; they raise it to invest it in their operations and drive scale., if that link is having a hard time)and Revolut here. Let’s begin with Monzo, which has a clear set of figures for us to peek at: …