Jasra Inc: Digital Transformation & Strategy | Manoj Jasra http://jasrainc.com Tue, 21 Jan 2020 05:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=3.8.32 Challenger business bank Qonto raises $115 million round led by Tencent and DST Global http://jasrainc.com/challenger-business-bank-qonto-raises-115-million-round-led-by-tencent-and-dst-global/ http://jasrainc.com/challenger-business-bank-qonto-raises-115-million-round-led-by-tencent-and-dst-global/#comments Tue, 21 Jan 2020 05:00:00 +0000 http://jasrainc.com/challenger-business-bank-qonto-raises-115-million-round-led-by-tencent-and-dst-global/ By Romain Dillet French startup Qonto has raised a $115 million Series C funding round led by Tencent and DST Global. Today’s news comes a few days after another French fintech startup Lydia raised some money from Tencent. Existing investors Valar and Alven are also participating in today’s funding round. TransferWise co-founder Taavet Hinrikus and […]

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By Romain Dillet

French startup Qonto has raised a $115 million Series C funding round led by Tencent and DST Global. Today’s news comes a few days after another French fintech startup Lydia raised some money from Tencent.

Existing investors Valar and Alven are also participating in today’s funding round. TransferWise co-founder Taavet Hinrikus and Adyen CFO Ingo Uytdehaage are also joining the round. Qonto says that it represents the largest funding round for a French fintech company.

Qonto is a challenger bank, or a neobank, but for B2B use cases. Instead of attracting millions of customers like N26 or Monzo, Qonto is serving small and medium companies as well as freelancers in Europe.

According to the startup, business banking in Europe is broken. The company thinks it can provide a much better user experience with an online- and mobile-first product.

The company has managed to attract 65,000 companies over the past two years and a half. The product is currently live in France, Italy, Spain and Germany. In 2019 alone, Qonto has managed €10 billion in transaction volume.

With today’s funding round, the company plans to double down on its existing markets, develop new features that make the platform works …read more

Source: Tech Crunch

    

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Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups http://jasrainc.com/catalyst-fund-gets-15m-from-jp-morgan-uk-aid-to-back-30-em-fintech-startups/ http://jasrainc.com/catalyst-fund-gets-15m-from-jp-morgan-uk-aid-to-back-30-em-fintech-startups/#comments Mon, 20 Jan 2020 05:09:00 +0000 http://jasrainc.com/catalyst-fund-gets-15m-from-jp-morgan-uk-aid-to-back-30-em-fintech-startups/ By Jake Bright The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accelerator provides mentorship and non-equity funding to early-stage tech ventures focused on driving financial inclusion in […]

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By Jake Bright

The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years.

The Boston based accelerator provides mentorship and non-equity funding to early-stage tech ventures focused on driving financial inclusion in emerging and frontier markets.

That means connecting people who may not have access to basic financial services — like a bank account, credit or lending options — to those products.

Catalyst Fund will choose an annual cohort of 10 fintech startups in five designated countries: Kenya, Nigeria, South Africa, India and Mexico. Those selected will gain grant-funds and go through a six-month accelerator program. The details of that and how to apply are found here.

“We’re offering grants of up to $100,000 to early-stage companies, plus venture building support…and really…putting these companies on a path to product market fit,” Catalyst Fund Director Maelis Carraro told TechCrunch.

Program participants gain exposure to the fund’s investor networks and investor advisory committee, that include Accion and 500 Startups. With the $15 million Catalyst Fund will also make some additions to its network of global partners that support the accelerator program. …read more

Source: Tech Crunch

    

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Week in Review: Forget cord cutting, here comes the stream slashing http://jasrainc.com/week-in-review-forget-cord-cutting-here-comes-the-stream-slashing/ http://jasrainc.com/week-in-review-forget-cord-cutting-here-comes-the-stream-slashing/#comments Sat, 18 Jan 2020 21:45:00 +0000 http://jasrainc.com/week-in-review-forget-cord-cutting-here-comes-the-stream-slashing/ By Lucas Matney Hey everyone, welcome back to Week in Review where I dive deep into a bit of news from the week or just share some thoughts and go over some of the more interesting stories of the week. If you’re reading this on the TechCrunch site, you can get this in your inbox […]

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By Lucas Matney

Hey everyone, welcome back to Week in Review where I dive deep into a bit of news from the week or just share some thoughts and go over some of the more interesting stories of the week.

If you’re reading this on the TechCrunch site, you can get this in your inbox here, and follow my tweets here.


The big story

“Cord cutting” might still be a major trend for those walking away from cable subscriptions in favor of online streaming services, but the world of online subscription TV is nearly saturated and as 2020 prepares to inundate us with more services, it’s likely growing time for consumers to stop adding services and start prioritizing.

NBCUniversal delivered some more details this week on its Peacock network and earlier this month we heard more about the mobile-only streaming network Quibi . These launches will come along in the spring, arriving just months after the high-profile launches on Apple TV+ and Disney+. Adding four high-spend streaming platforms in a short time frame could rattle the cages of consumers that have been bumbling along with only a couple streaming service subscriptions.

NBCU’s streaming service Peacock launches April 15 for Comcast …read more

Source: Tech Crunch

    

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]]> http://jasrainc.com/week-in-review-forget-cord-cutting-here-comes-the-stream-slashing/feed/ 0 Deep tech VCs on what they view as some of the most impactful young startups right now http://jasrainc.com/deep-tech-vcs-on-what-they-view-as-some-of-the-most-impactful-young-startups-right-now/ http://jasrainc.com/deep-tech-vcs-on-what-they-view-as-some-of-the-most-impactful-young-startups-right-now/#comments Sat, 18 Jan 2020 05:58:00 +0000 http://jasrainc.com/deep-tech-vcs-on-what-they-view-as-some-of-the-most-impactful-young-startups-right-now/ By Connie Loizos During this week’s Democratic debate, there was a lot of talk, unsurprisingly, about ensuring the future of this country’s children and grandchildren. Climate change was of particular interest to billionaire Tom Steyer, who said repeatedly that addressing it would be his top priority were he elected U.S. president. As it happens, earlier […]

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By Connie Loizos

During this week’s Democratic debate, there was a lot of talk, unsurprisingly, about ensuring the future of this country’s children and grandchildren. Climate change was of particular interest to billionaire Tom Steyer, who said repeatedly that addressing it would be his top priority were he elected U.S. president.

As it happens, earlier the same day, we’d spent time on the phone with two venture capitalists who think of almost nothing else every day. The reason: they both invest in so-called deep tech, and they meet routinely with startups whose central focus is on making the world habitable for generations of people to come — as well as trying to produce outsize financial returns, of course.

The two VCs with whom we talked know each other well. Siraj Khaliq is a partner at the global venture firm Atomico, where he tries to find world-changing startups that are enabled by machine learning, AI, and computer vision. He has strong experience in the area, having cofounded The Climate Corporation back in 2006, a company that helps farmers optimize crop yield and that was acquired by Monsanto in 2013 for roughly $1 billion.

Seth Bannon is meanwhile a founding partner …read more

Source: Tech Crunch

    

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Xiaomi spins off POCO as an independent brand http://jasrainc.com/xiaomi-spins-off-poco-as-an-independent-brand/ http://jasrainc.com/xiaomi-spins-off-poco-as-an-independent-brand/#comments Fri, 17 Jan 2020 08:05:00 +0000 http://jasrainc.com/xiaomi-spins-off-poco-as-an-independent-brand/ By Manish Singh Xiaomi said today it is spinning off POCO, a sub-brand it created in 2018, as a standalone brand that will now run independently of the Chinese electronics giant and make its own market strategy. Manu Kumar Jain, VP of Xiaomi, said Poco has grown into its own identity in a short span […]

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By Manish Singh

Xiaomi said today it is spinning off POCO, a sub-brand it created in 2018, as a standalone brand that will now run independently of the Chinese electronics giant and make its own market strategy.

Manu Kumar Jain, VP of Xiaomi, said Poco has grown into its own identity in a short span of time. “POCO F1 is an extremely popular phone across user groups, and remains a top contender in its category even in 2020. We feel the time is right to let POCO operate on its own now, which is why we’re excited to announce that POCO will spin off as an independent brand,” he said in a statement.

More to follow…

…read more

Source: Tech Crunch

    

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Crowdfunded hardware startups are breathing fresh life into music making http://jasrainc.com/crowdfunded-hardware-startups-are-breathing-fresh-life-into-music-making/ http://jasrainc.com/crowdfunded-hardware-startups-are-breathing-fresh-life-into-music-making/#comments Thu, 16 Jan 2020 00:30:00 +0000 http://jasrainc.com/crowdfunded-hardware-startups-are-breathing-fresh-life-into-music-making/ By Brian Heater I love music. Seriously, it’s one of the few things that brings solace in this cold, lonely world. Want to go deep on Joni Mitchell, William Onyeabor or Pablo Casals? I’m game. Yes, I worked at multiple record stores years before TechCrunch. Yes, I will always be that guy. What I will […]

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By Brian Heater
CES 2020 coverage - TechCrunch

I love music. Seriously, it’s one of the few things that brings solace in this cold, lonely world. Want to go deep on Joni Mitchell, William Onyeabor or Pablo Casals? I’m game. Yes, I worked at multiple record stores years before TechCrunch. Yes, I will always be that guy. What I will never be, however, is a musician, professional or otherwise.

I’m resolved to this fact at this point in my life. I’ll never be a rock star like I’ll never be a professional baseball player — both facts I’ve mostly made peace with. We don’t need to go into the two years of junior high when I played the trombone, or the decade and a half I attempted to master the guitar. All you need to know is I had absolutely zero aptitude for either.

It’s not for lack of desire to make music. It’s just a straight-up, good-old-fashioned lack of talent. For precisely this reason, I view any new piece of musical equipment with great interest. There’s a ton of money to be made for the startup that can truly unlock the potential of music making for those lacking the basic skills to do so.

Roli has long …read more

Source: Tech Crunch

    

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Insurify raises $23M Series A to add new coverage varietals, boost its marketing efforts http://jasrainc.com/insurify-raises-23m-series-a-to-add-new-coverage-varietals-boost-its-marketing-efforts/ http://jasrainc.com/insurify-raises-23m-series-a-to-add-new-coverage-varietals-boost-its-marketing-efforts/#comments Wed, 15 Jan 2020 08:01:00 +0000 http://jasrainc.com/insurify-raises-23m-series-a-to-add-new-coverage-varietals-boost-its-marketing-efforts/ By Alex Wilhelm The venture-backed insurance world is more than the Lemonades and MetroMiles of the world. There’s more room in the industry for startups to shake things up. One such company, Cambridge-based Insurify, is out today with a new venture round that greatly expands its capital base. The startup, which had accepted just $6.6 […]

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By Alex Wilhelm

The venture-backed insurance world is more than the Lemonades and MetroMiles of the world. There’s more room in the industry for startups to shake things up. One such company, Cambridge-based Insurify, is out today with a new venture round that greatly expands its capital base.

The startup, which had accepted just $6.6 million over two rounds before its latest investment, has raised $23 million in a Series A led by MTECH Capital and VIOLA FinTech. Prior investors MassMutual Ventures and Nationwide took part in the new investment.

TechCrunch hasn’t caught up with the company since our own Sarah Buhr covered its first $2 million deal back in early 2016. As you’d expect, a lot has changed in the last four years.

What’s Insurify?

To get under the skin of the new round, TechCrunch caught up with Insurify’s CEO and founder, Snejina Zacharia.

Zacharia, formerly of Gartner, came up with the idea for Insurify after she had an accident years ago. Following an unsatisfying experience working with the insurance industry after the fact, she discovered that consumers “have very, very little idea of how much coverage they need,” and that insurance providers …read more

Source: Tech Crunch

    

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Comcast launches SportsTech startup accelerator with NASCAR and others http://jasrainc.com/comcast-launches-sportstech-startup-accelerator-with-nascar-and-others/ http://jasrainc.com/comcast-launches-sportstech-startup-accelerator-with-nascar-and-others/#comments Tue, 14 Jan 2020 05:01:00 +0000 http://jasrainc.com/comcast-launches-sportstech-startup-accelerator-with-nascar-and-others/ By Jake Bright Comcast NBCUniversal believes its can access startup innovation while supporting future Olympic gold-medalists. The American mass media company launched its new SportsTech accelerator today, based in part, on that impetus. TechCrunch attended a briefing with Comcast execs at 30 Rock NYC to learn more about the initiative. The SportsTech accelerator is a […]

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By Jake Bright

Comcast NBCUniversal believes its can access startup innovation while supporting future Olympic gold-medalists.

The American mass media company launched its new SportsTech accelerator today, based in part, on that impetus.

TechCrunch attended a briefing with Comcast execs at 30 Rock NYC to learn more about the initiative.

The SportsTech accelerator is a partnership across Comcast NBCUniversal’s sports media brands: NBC Sports, Sky Sports and the Golf Channel.

The program brings in industry partners NASCAR, U.S. Ski & Snowboard and USA Swimming — all of whose sports broadcast on Comcast NBC channels.

Starting today, pre-Series A sports technology startups can apply to become part of a 10-company cohort.

Accepted ventures will gain $50,000 in equity-based funding and enter SportsTech’s three-month accelerator boot camp — with sports industry support and mentorship — to kick off at Comcast’s Atlanta offices August 2020.

Boomtown Accelerators will join Comcast in managing the SportsTech program, with both sharing a minimum of 6% equity in selected startups.

Industry partners, such as NASCAR and U.S. Ski & Snowboard, will play an advisory role in startup selection, but won’t add capital.

An …read more

Source: Tech Crunch

    

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Startups Weekly: In a crowded field of unicorns, ClassPass becomes another unicorn http://jasrainc.com/startups-weekly-in-a-crowded-field-of-unicorns-classpass-becomes-another-unicorn/ http://jasrainc.com/startups-weekly-in-a-crowded-field-of-unicorns-classpass-becomes-another-unicorn/#comments Mon, 13 Jan 2020 01:21:00 +0000 http://jasrainc.com/startups-weekly-in-a-crowded-field-of-unicorns-classpass-becomes-another-unicorn/ By Henry Pickavet I hope you’ve all had a good week. Normally I’m behind the scenes (where I’m most comfortable), but I’ll be managing the Startups Weekly newsletter until I assign it to someone else. More on that in a few weeks. Want it in your inbox? Sign up here for this and other great […]

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By Henry Pickavet

I hope you’ve all had a good week. Normally I’m behind the scenes (where I’m most comfortable), but I’ll be managing the Startups Weekly newsletter until I assign it to someone else. More on that in a few weeks. Want it in your inbox? Sign up here for this and other great newsletters we have to offer, including ones on space and transportation. For now, let’s get on with it, shall we?

A unicorn workout

Working out never did a body so good as it did for ClassPass this week. The popular startup that created a way to help people exercise more easily just became a unicorn with an influx of Series E cash.

The latest funding, in the amount of $285 million, was led by L Catterton and Apax Digital, with participation from existing investor Temasek. It brings ClassPass’s total known raise to about $550 million.

We reported a couple of weeks ago that ClassPass, then at a $536.4 million valuation, was sniffing around for the round, which would promote it to the unicorn club.

We are motivated by the impact we’ve had on members and partners, including 100 million hours of workouts that have already been booked,” said ClassPass Founder …read more

Source: Tech Crunch

    

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After delays, noise-adapting NuraLoop earbuds are coming soon and sound great http://jasrainc.com/after-delays-noise-adapting-nuraloop-earbuds-are-coming-soon-and-sound-great/ http://jasrainc.com/after-delays-noise-adapting-nuraloop-earbuds-are-coming-soon-and-sound-great/#comments Sat, 11 Jan 2020 22:30:00 +0000 http://jasrainc.com/after-delays-noise-adapting-nuraloop-earbuds-are-coming-soon-and-sound-great/ By Brian Heater A few buffet mistakes aside, NuraLoop were the biggest disappointment of my 2019 CES. When the headphones showed up at the show as dummy units, it hurt my heart a little. The original Nuraphones made an appearance on my 2017 best of the year list, and the idea of a portable version […]

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By Brian Heater
CES 2020 coverage - TechCrunch

A few buffet mistakes aside, NuraLoop were the biggest disappointment of my 2019 CES. When the headphones showed up at the show as dummy units, it hurt my heart a little. The original Nuraphones made an appearance on my 2017 best of the year list, and the idea of a portable version I could take on long flights seemed almost too good to be true.

And for a full year, it was exactly that. Understandably, the Australian startup ran into a few roadblocks attempting to bring the product to market. It’s still a young company, even though its first gen product when over remarkably well. The noise-adapting headphones were extremely well thought out, right down to the package.

The hangup for their portable, in-ear counterparts is pretty surprising, to be honest. For much of the year, Nura just couldn’t crack the code of the cable, of all things. It’s a doubly odd sticking point, given how many of its competitors have ditched the cabling altogether. It should be noted up front, however, that the decision to keep things tethered is more pragmatic than aesthetic (honestly, it wouldn’t have been choice from a design standpoint).

As CEO Dragan Petrovic mentioned in a briefing …read more

Source: Tech Crunch

    

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