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Explore more posts
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Martin Mignot
A trip down memory lane 👴🏻. A couple months ago, Marcel van Oost posted a legendary video from TechCrunch Disrupt Berlin 2017 where the founders of Revolut, Monzo Bank and N26 – three direct competitors – shared a stage (moderated by Romain Dillet). I was in the audience that day and I highly recommend you watch the video of the panel. It is rare to witness the birth of a mega wave (consumer banking being moved to cloud and mobile). At the time, the three of them were roughly the same size, all sub 1m monthly active users. Today? According to Data.ai Revolut has 27 million monthly active users, Monzo has 4m and N26 has 2m. So what can we learn from what happened post-2017? Revolut, Monzo and N26 all went on to raise roughly the same amount: between $1.6 and $1.8 billion. In fact, Monzo just announced it had raised an extra $190m on top of the $430m funding round it announced in early March, at a $5bn valuation, demonstrating its continuous success. But looking at their respective trajectories since that panel, it’s striking how different strategies from different entrepreneurs have had dramatically different outcomes years later. There will be business school case studies written about it, no doubt. Since Revolut is the one we invested in, I asked their VP of Growth Antoine Le Nel for his take on what led to their outsized success: 💰 They relentlessly focused on reaching profitability, which gave them the luxury to not have to choose between growth and profitability. Growth picked up in 2021, the year they first became profitable. 🎮 They applied systematic media buying techniques from the gaming world. Antoine actually came from King - further evidence that the startup ecosystem flywheel is starting to turn at full regime in Europe. 🌎 They treated their different geographies, channels and products like internal competitors. If any was overperforming, it got more growth support. In his own words: "The biggest competitor of Revolut France is not BoursoBank, it's Revolut Germany". 🏅 They leaned into market tailwinds for more chances to win. For example, Revolut’s breadth meant they were positioned to benefit from the crypto bull run and high net interest income. Their diversified product range and revenue streams mean they can benefit from most macro scenarios. 🥷 They built small teams that were highly scalable, highly quantitative and highly agile. And I’d add: 🌍 Strategically, going multi-product and multi-country from day 1 and having a strong bias for build vs buy, turned out to be a critical long-term advantage (I wrote about in a post last year, which I’ll share in the comments). 🤩 A delightful product and the killer value prop of free FX allowed for strong word of mouth growth in the early days, fueled by Chad West and his team’s brilliant guerilla marketing. Thank you, Marcel, for prompting this trip down memory lane. I’ll share the full TechCrunch Disrupt Berlin video below.
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38 Comments -
Sanjeev Kumar
Monzo Bank's FY24 results are in, and they've hit a 𝐦𝐚𝐣𝐨𝐫 𝐢𝐧𝐟𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐨𝐢𝐧𝐭. Diving deep into the numbers reveals three key drivers behind its impressive growth: 1. Customer Expansion 👤 Monzo's customer base grew from 7.4M in FY23 to 9.7M in FY24, including a doubling of business accounts from 200K to 400K. With 46% of new customers acquired through word of mouth, this organic growth highlights strong customer satisfaction and brand loyalty. 2. New Product Innovations 🆕 The launch of products such as tax-free savings ISAs has attracted 1.3M customers. Monzo Flex (a novel credit card/BNPL hybrid), and overdraft facilities offer higher interest rates and greater financial flexibility. A significant 42% rise in card spend—from £33.6B in FY23 to £47.8B in FY24—demonstrates heightened customer engagement and trust, solidifying Monzo as a preferred choice for daily transactions. 3. Enhanced Profitability and Financial Strength 📈 Monzo’s profit before tax hit £15.4M, marking its first full year of profitability. This milestone underscores effective cost management, diversified revenue streams, and scalable operations. With gross revenue surging 2.5x to £880M, Monzo’s successful monetisation strategies and strong market demand are evident. At the same time, customer deposits soared by 88% to £11.2B, reflecting growing customer confidence and reliance on Monzo as a primary banking institution. Future Growth Trajectories: Strategic Focus Areas 🎯 Monzo aims to expand its consumer base to 11M by FY25, leveraging organic growth and innovative marketing strategies. It plans to venture into mortgages and go deeper into business lending, indicating significant headroom for product diversification and revenue enhancement. Moreover, Monzo's strategic entry into Europe, with an Irish HQ, and exploration of the US market, signals an ambitious geographic expansion plan to unlock new growth avenues. ___________________ 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐣𝐮𝐬𝐭 𝐚 𝐭𝐚𝐬𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧𝐭𝐞𝐥 𝐲𝐨𝐮'𝐥𝐥 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐰𝐢𝐭𝐡 𝐚 𝐖𝐡𝐢𝐭𝐞𝐒𝐢𝐠𝐡𝐭 𝐑𝐚𝐝𝐚𝐫 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧. Supercharge your Fintech IQ with exclusive reports, industry trend breakdowns, and expert analysis on everything shaping the future of finance. Become a member and steer your business course with actionable intelligence on the winning strategies of leading fintechs - because knowing what's next is the ultimate competitive advantage ➡️: https://lnkd.in/gVfE8Cwg via @WhiteSight #fintech #digitalfinance #digitalbank #profitability #payments #lending #Monzo
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Geoff Kates
Starling Bank's SaaS platform Engine could generate hundreds of millions of pounds a year for the UK digital bank, propelling it towards a £10 billion valuation, predicts investor Chrysalis. Engine is an API-based, cloud native platform initially built by Starling’s own in-house tech team to run the UK bank. In 2022, Starling began offering Engine to other lenders, promising to help them quickly launch new digital services or to replace legacy systems. The platform has so far only secured two clients, Salt Bank in Romania and AMP Bank in Australia. However, Starling's second largest shareholder, investment trust Chrysalis, is expecting Engine to become a significant source of revenue. The core banking transformation market is heating up. Starling is not the only bank spinning off its technology. It joins other dedicated vendors such as Mambu and Thought Machine as small and medium banks undergo rapid transformation programs. #digital #corebanking #transformation
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Dima Mikhailov
UK-based #neobank Monzo Bank has reported its first full-year pre-tax profit, marking a significant milestone in its 2024 financial results. The company achieved a pre-tax #profit of £15.4 million, a stark contrast to the £119 million loss in 2022. This success is largely attributed to Monzo's lending products and high interest #rates in the UK. #Revenue also soared by 250% to £880 million. #Monzo is now setting its sights on Europe, establishing a new hub in Dublin as part of its broader European market #expansion strategy. This move follows significant #funding rounds, including $430 million in March and $190 million last month, pushing its valuation to $5.2 billion. While a portion of this #financing is aimed at cracking the U.S. market, Monzo’s expansion into Europe signifies a strategic shift towards #markets closer to home. Monzo’s customer base has grown by over 2.3 million, reaching 9.7 million, including 400,000 business customers. The company aims to increase its customer count to 11 million in the coming year. Despite potential challenges from economic uncertainties and fluctuating interest rates, Monzo’s leadership remains confident in its ability to thrive. This positive trend among #neobanks is echoed by rivals like Revolut and Brazil's Nubank, both of which have also reported strong #financial performances recently. #fintech #fintechnews #neobanking #financialresults https://lnkd.in/gbFn_9Ee
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Steven Mooney
Are you an early-stage company looking for Pre-Seed - Seed funding? ⬇️⬇️ - We cater to startups looking for investment ranging from £150k - £10m, specifically within the UK/EU. - Our investor network is eager to delve into diverse sectors, maintaining an open approach to ALL industries. - Commercial traction is advantageous - Particular interest lies in sectors such as: • SaaS • Fintech • Marketplaces & Platforms • Computer Vision & NLP • Enterprise Technology • Industrial Automation • The Transition to Sustainable Energy • Artificial Intelligence (AI) & Data Analytics • Software Development Tools Register at FundMyPitch.com and add your pitch today to link up with our wide-ranging network of investors. #fundraising #angelinvesting #startups 🤝 Know a startup on the lookout for investment? Help spread the word
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Warren Whitfield
The Genie 🧞♂️ by Modern World Business Solutions Feature Number 2️⃣ 🔥 EMBEDDED FINANCE ⏩️direct to merchant Controlled fully by you the RESELLER via the MW platform, you can (if you want too) send fully PRE APPROVED via Recap offers direct to your merchants terminal for them to either close down the offer, or proceed….. These #merchantcashadvance offers are delivered straight to your merchant right where they can see it - in the palm of their hand! ✋ They can simply close down the notification or continue with a journey to apply for the funding 🤩 All under YOUR brand. The commisions that are earnt from a merchant accepting the MCA will drop into the partner platform for you to claim. Pretty useful tool huh? We made a pledge in 2023 that our next innovation would be in the merchants space, how could we make a tool that ticked off all value possible to a merchant, but in one space and attribute it under a white label application to add credibility and value to our partners. We think V1 of the Genie will do that, - but ultimately will lay the foundation for us to build a ecosystem of communication, VAS, and business enhancement tools for merchants to enjoy. Feature number 3️⃣ tomorrow! What do you think? 🤔
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Marcel van Oost
What a week it was for Klarna 🤯 Here's 𝟲 𝗕𝗜𝗚 𝗡𝗲𝘄𝘀 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 from Klarna, and one quick question 😉: 1️⃣ Klarna is launching a 𝗖𝗿𝗲𝗱𝗶𝘁 𝗖𝗮𝗿𝗱 in the United States 🇺🇸, they told TechCrunch in an exclusive interview: “It was one of our most asked for products,” Read more: https://lnkd.in/efjqD7NR 2️⃣ ChatGPT parent company OpenAI shared that the Klarna’s adoption of the technology is estimated to yield a $𝟰𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 in the company’s profits this year. Read more: https://lnkd.in/eDzqhSE7 3️⃣ Klarna is selling Hero , the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million. Read more: https://lnkd.in/eahY3BWh 4️⃣ Klarna scores 𝗺𝗮𝗷𝗼𝗿 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗱𝗲𝗮𝗹 𝘄𝗶𝘁𝗵 𝗨𝗯𝗲𝗿 ahead of hotly anticipated IPO. You can now use Klarna to pay for your Uber and Uber Eats in the US, Germany and Sweden. Read more: https://lnkd.in/eW5jhken 5️⃣ Klarna also announced the expansion of its 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘄𝗶𝘁𝗵 𝗘𝘅𝗽𝗲𝗱𝗶𝗮 Group to the US 🇺🇸 market, enabling them to book flights and stays using its interest-free Pay Now or Pay in 4 options. Read more: https://lnkd.in/e3GNUhjB 6️⃣ Also last week, Karma unveiled a super-speedy-checkout flow for restaurants, using Karma x Klarna bringing the check our process down to 𝟭𝟭 𝘀𝗲𝗰𝗼𝗻𝗱𝘀 (the average checkout time at a restaurant is 5m 25s!). Read more: https://lnkd.in/eEkKskuP Finally, now over to you: Did you notice Klarna's recent 𝗯𝗿𝗮𝗻𝗱 𝗿𝗲𝗳𝗿𝗲𝘀𝗵 (check out the picture below👇)? Which one do you think looks best❓ Let me know in the comments which logo you like most! 𝗕(efore) or 𝗔(fter) 😉 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] Get the most important FinTech news and analysis in a 5 minute daily briefing you’ll actually look forward to reading. Sign up now: https://lnkd.in/eiQBxdTW
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8 Comments -
Lee Clifton
Stripe Tour is happening tomorrow! There are lot's of great topics that will be covered. The one I'm most excited about is the conversation about new technology and ideas that will shape the future of the internet economy! There will be a Payments Performance area so please stop by and let's chat anything optimisation related! Plenty of networking opportunities and I look forward to seeing #merchants #partners and meeting new people tomorrow. We have some amazing speakers lined up. They are; Demis Hassabis (Google DeepMind), Matteo Gamba (Wayfair), Kavita Jiandani (Woo), Wendy Bergh (Zoom), Oliver Mahoney (Lopay), Stuart Butler (Ford Motor Company), Rachel McShane (Depop), Matthew Clayton (Mixcloud), Shivani Jha (EDF), Amit Sagiv (Wix), Delawar Hussain (Dines), Mikael Landau (Semble), David Lynch (Intercom), Gill Hall (Sage), Gabriella Monnington (ITV), Matt Clifford (Entrepreneur First), Alex Macdonald (sequel). As well as our very own, Eileen O'Mara, John Collison, William Gaybrick and Jayne McNally will be on stage. It's going to be a great day to listen first hand what #Stripe are doing to enhance the customer experience and learn from industry legends on how they have tackled some of the most complex challenges within their company/sector. #learning #sharing #bestpractices #networking #product #shapingthefuture #innovation #executives #publicspeaking #customerexperience #customerobsessed #experiences #optimisation #optimization #payments #fintech #tech #ai #ux #tobaccodock Tobacco Dock London #stripes
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Vensight - VC News & Insights
🔔 Tuza Raises £4M Seed Funding🔔 'Revolutionising payment processing for small to medium-sized businesses' Tuza (formerly Statement), the London-based comparison site for business card payments, raised £4M in Seed funding. The round was led by Connect Ventures with participation from Northzone, TriplePoint Capital and Entrepreneur First. 💡 Founded by Olivia Stannah and Ed Hardy, With a focus on transparency and accessibility, Tuza offers a one-stop, zero-cost price comparison service, enabling SMBs to easily compare rates from top payment providers. Tuza allows merchants accepting payments in person to find the right provider for them and switch in minutes, a process that currently takes days. This comparison tool can save a convenience store over £5,400 annually by switching them in minutes. 💸 With this latest injection of seed funding, Tuza is primed to accelerate its growth, targeting the goal of reaching 100,000 merchants on the platform. This investment will also support the expansion of its talented team, as well as further technical development. Commenting on the news, Ed Hardy said: “Our latest round of investment underscores the urgency of our mission. Businesses shouldn’t bear high costs due to a lack of understanding about where or how to find better deals.” Huge things to come this year from Tuza. #StartupFunding #PaymentProcessing #SMBs #Empowerment #FinTech #SmallBusiness #TechInnovation #fundinground #seed #invetment
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Yoni Tabac
How To Assess Startups It's often difficult for founders to know how they are being assessed when pitching to investors One of the most exciting (and perhaps frustrating) things in VC is that everyone's opinion of a 10/10 opportunity looks different Here is a scorecard to assess a start-up before making an investment (B2B focused example) 👇
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Harry Stebbings
On 22nd Feb, Dan Siroker and I disagreed about funding round dilution on Twitter. In this episode we hash it out 🥊 ❌ Fundraising rules that are BS 🗣️ What VC’s really mean & want 💸 Getting Peter Fenton to invest for less than 10% My key lessons from winning this fight 👇 1. The Importance of Focus I worked on thousands of things at my first company & thought everything was important. In hindsight, there were only 3 or 4 things that made a difference. Founders need to distinguish between which tasks are truly important & focus on them. 2. The Big Secret When An Investor Asks How Much Are You Raising? They are actually asking how much you think you’re worth. Instead of giving a number, say you’re selling a certain percentage & letting the market decide the valuation. This annoys investors because they don’t get what they want. 3. Elad Gil on When and How to Pivot The things that work tend to work really fast. Sticking it out & being perseverant doesn’t always work. You have to see some glimmer of hope in the early days. 4. Contrarian View on Selling Stock as Employees Founders should let employees sell their stock at any point. I’ve let my employees sell up to 25% when we were oversubscribed in our series A. My theory is more liquidity = more retention. 5. When They Bring up Title It Is a Bad Sign It shows you where their values are. The best people I’ve hired never brought up titles during the interview. They care about the problem & the company. 6. Why Always Be Raising is Total BS You need to have an on & off switch on fundraising. I have all my investor meetings in a week every two quarters. This removes any distractions when I’m building the company. 7. The Best Question Peter Fenton Asks Founders "What will excite you about being at this business in five years?" Great founders need to be perseverant. They have to stay in love with the business in 5, 10, or 20 years. (links in comments) #founder #funding #business #investing #vc #venturecapital #entrepreneur #startup #seed #funding #fundraising
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Rob Burgess
BA now lets you pay 100% of any CASH flight with Avios - but is it a good deal? From today, British Airways will allow you to use Avios to reduce the cost of a cash flight to £0 (well, a nominal £1) using Avios. It had previously insisted that the taxes and charges element was paid in cash. IAG's Vueling and Aer Lingus units have offered this for years at a flat rate of around 0.55p per Avios. BA uses a sliding scale, and unfortunately it slides into mediocrity very quickly. Here's an example for a £602.89 fare to New York: £20 off for 2,000 Avios = 1p per Avios £43 off for 7,000 Avios = 0.61p per Avios £63 off for 11,320 Avios = 0.56p per Avios £102 off for 20,740 Avios = 0.49p per Avios £164 off for 37,670 Avios = 0.44p per Avios £217 off for 53,560 Avios = 0.41p per Avios £289 off for 67,370 Avios = 0.43p per Avios £385 off for 89,740 Avios = 0.43p per Avios £601.89 off for 140,300 Avios = 0.43p per Avios 'Part Pay With Avios' was always a bad deal, apart from the nominal 1p per Avios saving for using the smallest possible amount. Nothing has changed. It makes no sense, at all, to accept under 0.5p per Avios. Even after two devaluations, you will still get 0.5p per Avios when transferring your points into Nectar. You can spend this money at Sainsburys, Argos or eBay. Taking as little as 0.41p per Avios via 'Part Pay With Avios' is crazy. If you do nothing else, pay the full cash rate and use Avios to pay for seat selection or extra baggage. You will get 0.5p per Avios this way. For HfP readers, you shouldn't settle for less than 1p per Avios. Our recently revised article on what an Avios is worth showed that you can easily get well above 1p booking premium cabins. Here's one thing which I think British Airways should flag more clearly during booking. These are still cash tickets which operate under cash ticket rules. I get too many emails from HfP readers who don't get this. They book a flight using 'Part Pay With Avios', decide to cancel it a few weeks later and don't understand why they lost everything. If you are booking a non-refundable cash flight, it remains non-refundable even if you pay for 100% of it with Avios. (If you're not one of the 2,400 people who subscribe to ‘The Travel Brief’, our free weekly LinkedIn newsletter for UK travel professionals, click into my profile.) #britishairways #avios
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Mikhail Dubov
Monzo Bank is the latest tech unicorn to achieve profitable growth after years of depending on large amounts of outside funding to fuel its growth. The company has posted a very nice profit of £15m, with revenues growing 2.5x and deposits growing 88%. Of course, like many fintechs they were helped by the higher interest rates in the last couple of years. But Monzo can take credit for being at the right scale when the interest rates shifted (which they did mostly through building the best customer experience in UK banking) and for pivoting to profitable growth at the right time. I've been a Monzo customer since its alpha days and even invested a bit in one of its crowdfunding rounds, so it's safe to say I'm a diehard fan. Still, I have to say they have never been as innovative and productive as they have in the last couple of years, finally building some revenue-generating products popular with customers. We will have to see if this trend continues, as interest rates are expected to fall over the next few quarters. https://lnkd.in/eHZ5Ayf2
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Max Pog
Numbers & insights from a deep tech venture studio that launched 11 companies (all are active) in the last 7 years, reaching £85M valuation across the portfolio: 1. Post Urban, initially bootstrapped by Luke Robinson, an academic with a PhD in physics from Cambridge, now operates with external funding from a UK-based fund. 2. Launched 5 companies during the first 5 years and 6 companies during the last 2 years. 3. All 11 completed pre-seed rounds; 1 of them got Series A, 2 of them are approaching their Series A. 4. The startups have collectively raised ~£25M in venture capital, in addition to receiving grants. The total valuation of the 11 companies is ~£85M, half of which have not yet undergone subsequent funding rounds. 5. Initial equity splits: the venture builder 20%, CEOs of startups 35% (vests over 4 years), CTOs – 20-25%, employees 10-15%. 6. The initial valuation of startups was £2 million, with £300K invested by the venture builder. The last 2 startups were at £3.5-4M initial valuation. 7. Building deep tech ventures requires significantly higher initial funding because these projects need more time to develop demonstrable products. Two portfolio companies hit £1M in ARR. 8. The venture builder has increased the capital for the last 2 startups to ensure they reach meaningful milestones. The CEOs of the startups were able to secure additional funding through their networks, £350K and £450K, respectively. 9. The deep tech investor pool is smaller than that for sectors like SaaS, which requires a stronger proof of concept and market readiness to attract funding. 10. 3-4 times, potential customers became investors in Post Urban Ventures. This is a great approach because it secures investment and validates the concept by gauging whether these potential customers truly believe in the solution and its market necessity. 11. They don't start with a technology or an idea; instead, they integrate insights about global problems and, by actively engaging with advisory boards, founders, and industry experts, identify pain points and align them with technological solutions. 12. They do not bring universities in as co-founders but source scientists or professors to contribute to research and development. This involves leveraging academic expertise to support the technical aspects of startup projects until a prototype is developed. 13. The studio maintains strong connections with major academic institutions, including Cambridge, Oxford, Imperial College, and UCL, supporting its deep tech focus and facilitating access to new technologies and potential founders. 14. Areas of focus in deep tech: AI (Knowledge Graphs, NLP, DNNs, Computer Vision, Edge AI, Active Learning), Quantum Technologies, Biotech, AgTech, Enterprise SaaS. Watch the full interview to gain insights into the portfolio companies, handling IP collaborations with universities, key challenges, and team construction: https://lnkd.in/dCi7fZ7G
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5 Comments -
Michael Waitze
"What we are saying is, hey, right now you have this unified infrastructure that allows you to do payment experimentation. And guess what, if you want to try and test different services, now you have access to an app store of services, you go in, in the Primer dashboard, they can just like toggle on and off, like the services you want to use. You can add test them, AB testing in the world of payments is simply impossible, right?" - Gabriel Le Roux The Asia Tech Podcast welcomed Gabriel Le Roux, a co-Founder and the CEO of Primer back to the show for a quick catch up. Gabriel had written a post on how Stripe's new openness would change the payment space and I wanted to record about it. Check it out on the Asia Tech Podcast YouTube channel as well...and subscribe! Listen to the full episode here... #payments #openpayments #fintech #platforms #interoperability #SME
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9 Comments -
Konrad Alt
Ten things we don’t know about banking-as-a-service: 1️⃣ What is it, exactly? (no official definition) 2️⃣ Which banks offer it? (no official list) 3️⃣ How many fintechs depend on it? (no official count) 4️⃣ How many of those fintechs would be out of business without it? 5️⃣ How many customers do those fintechs have? What kinds of services are they receiving? 6️⃣ What kinds of customers are they? What are their demographic characteristics? 7️⃣ How many of those fintech customers could turn to accounts elsewhere if they could no longer do business with the fintech? 8️⃣ How many could not? 9️⃣ Who are they? 1️⃣0️⃣ How badly could they be harmed? Look, I don’t want to overstate this. Those of us who live this stuff every day have anecdotally informed intuitions about many of these things. We have an approximate understanding, or at least we think we think we do. But where is the actual data? And how can we responsibly make, debate, or evaluate regulatory policy without it? If I were making federal banking policy, I’d want more than an anecdotal (i.e., supervisory) understanding of the answers to these questions. I’d want real data. It makes me a little crazy that no systematic effort to collect this data seems to be afoot. It makes me almost as crazy that, absent any such effort by our regulators, the leading partner banks and fintechs haven’t organized a credible research initiative to understand these questions and inform policymaking. We’re flying blind through the mountains, people. End of rant.
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Kealan Lennon
It's a significant testament to what CleverCards has built and just like Amazon's "Day 1" mentality, a culture and an operating model that puts customers at the centre of everything it does. Putting "Day 1" into practice relies on us maintaining a long-term focus, obsessing over customers, and bold innovation. #DigitalFirst #LeadTheMarket
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Til Klein 🏳️🌈 🇪🇺
🚀 Seed to Series A: The New Fundraising Reality 🚀 Normally, 20-24% of startups that raise a seed round graduate to Series A within 24 months. But according to Carta, for those that raised seed rounds in the first half of 2022, only 13% have made it to Series A so far. Some of these companies will eventually get there, but it will take longer. But the reality is, more seed-stage startups are struggling to reach Series A.
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UKTN
13books Capital closes £121m fund to back Europe’s fintech startups. 📈 The fintech fund will back rounds from seed to Series A ranging from £1m to £7m. The close comes as VC investment in the UK has started to show signs of recovery from the slowdown over the past two years. Fintech in particular has recovered well, becoming the UK’s best-funded tech segment once again in the first quarter of 2024. ➡️ https://lnkd.in/diVkG9-7 🔗 #investment #fintech #funding #startups #europe #UKtech
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Elliott Gaspar
🚀 Attention UK Startup Founders! Are your financial metrics strong enough to woo investors? On 11th June, we’re joining forces with the SaaS growth financing experts over at Capchase for an enlightening webinar that dives deep into the metrics that matter. 📈 📊 This is your chance to deep dive into the financial metrics that make or break investor interest: - Master Key Metrics: Understand the nuances of MRR, total revenue, and bookings. - Data Sourcing Techniques: Learn where and how to gather accurate and compelling financial data. - Practical Tools: Get hands-on with our exclusive Google Sheet metrics dashboard to monitor and manage your startup's financial health like a pro. 🔗 Reserve your free spot now: https://lnkd.in/g3y6V_eN Get ready to transform your startup’s financial narrative into an investor magnet! Co-hosted with Ferran Puig, Business Development & Strategic Partnerships Director @ Capchase 😄
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