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Square acquires European peer-to-peer payment app Verse


announced internally that he was stepping down as CEO of the U.K. challenger bank to take up the newly created role of president. His replacement is current U.S. CEO, TS Anil, who now also holds the title of u201cMonzo UK Bank CEO,u201d subject to regulatory approval.n”,”protected”:false},”excerpt”:”rendered”:”

Monzo, the U.K. challenger bank with more than 4 million customers, has confirmed it has closed u00a360 million in top up funding. Backing the round are existing investors Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive, Passion Capital, along with new investors Reference Capital, and Vanderbilt University. One of fintech’s worst kept secrets, the […]n”,”protected”:false,”author”:1180458,”featured_media”:1740524,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”carmot_uuid”:”936aa88d-f3e5-392c-a1d7-c9ec7b84d7e2″,”categories”:[449557100,60523764,449557028,17396],”tags”:[],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg”,”shortlink”:”https://tcrn.ch/2B9kXoC”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[],”associatedEvent”:null,”event”:null,”authors”:[1180458],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2003225″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2003225″],”version-history”:[“count”:3,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2003225/revisions”],”predecessor-version”:[“id”:2003293,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2003225/revisions/2003293″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/1180458″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=2003225&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/1180458″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1740524″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2003225″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2003225″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2003225″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2003225″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2003225″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2003225″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:1180458,”name”:”Steve O’Hear”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/steve-o-hear/”,”slug”:”steve-o-hear”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/95b8a6df6d265cf57a4d89ee4856ea98?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/95b8a6df6d265cf57a4d89ee4856ea98?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/95b8a6df6d265cf57a4d89ee4856ea98?s=96&d=identicon&r=g”,”links”:”homepage”:”http://www.ohear.net”,”twitter”:”https://twitter.com/sohear”,”linkedin”:”http://www.linkedin.com/in/ohear”,”crunchbase”:”https://www.crunchbase.com/person/steve-ohear”,”position”:”Writer”,”cbDescription”:”

Steve O’Hear is best known as a technology journalist, currently at TechCrunch where he focuses on European startups, companies and products.nn

He first joined TechCrunch in November 2009 as Contributing Editor for TechCrunch Europe, where he worked alongside Editor Mike Butcher to help build TechCrunch’s coverage in Europe.nn

In June 2011, Steve took a break from journalism to co-found the London and Prague-based startup Beepl. In his role as CEO, he helped the company raise its first VC round, along with seeing the Question & Answer site through development, private alpha and a high profile public launch. In November 2012, Beepl was acquired by Brand Embassy.nn

Along with TechCrunch, Steve has written for numerous publications, including ZDNet (where he wrote the well-respected blog ‘The Social Web’), The Guardian, Macworld, TES, Last100 and ReadWriteWeb. He also wrote and directed the critically acclaimed Silicon Valley documentary ‘In Search of the Valley’, which was released in September 2006.nn

In 2002, Steve was made a fellow of the National Endowment for Science, Technology and the Arts. He’s also one half of ProtoBake Labs, an ‘ideas incubator’ he co-founded with Pete Harris.nn

Disclaimer: Steve owns a small amount of cryptocurrency, and doesn’t generally write about crypto currencies. If and when he does, he will always disclose any potential conflict of interest.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1452432375/ejtyu0auvnxnmocnllgn.png”,”twitter”:”sohear”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/1180458″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”author”:[“id”:1180458,”name”:”Steve O’Hear”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/steve-o-hear/”,”slug”:”steve-o-hear”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/95b8a6df6d265cf57a4d89ee4856ea98?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/95b8a6df6d265cf57a4d89ee4856ea98?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/95b8a6df6d265cf57a4d89ee4856ea98?s=96&d=identicon&r=g”,”links”:”homepage”:”http://www.ohear.net”,”twitter”:”https://twitter.com/sohear”,”linkedin”:”http://www.linkedin.com/in/ohear”,”crunchbase”:”https://www.crunchbase.com/person/steve-ohear”,”position”:”Writer”,”cbDescription”:”

Steve O’Hear is best known as a technology journalist, currently at TechCrunch where he focuses on European startups, companies and products.nn

He first joined TechCrunch in November 2009 as Contributing Editor for TechCrunch Europe, where he worked alongside Editor Mike Butcher to help build TechCrunch’s coverage in Europe.nn

In June 2011, Steve took a break from journalism to co-found the London and Prague-based startup Beepl. In his role as CEO, he helped the company raise its first VC round, along with seeing the Question & Answer site through development, private alpha and a high profile public launch. In November 2012, Beepl was acquired by Brand Embassy.nn

Along with TechCrunch, Steve has written for numerous publications, including ZDNet (where he wrote the well-respected blog ‘The Social Web’), The Guardian, Macworld, TES, Last100 and ReadWriteWeb. He also wrote and directed the critically acclaimed Silicon Valley documentary ‘In Search of the Valley’, which was released in September 2006.nn

In 2002, Steve was made a fellow of the National Endowment for Science, Technology and the Arts. He’s also one half of ProtoBake Labs, an ‘ideas incubator’ he co-founded with Pete Harris.nn

Disclaimer: Steve owns a small amount of cryptocurrency, and doesn’t generally write about crypto currencies. If and when he does, he will always disclose any potential conflict of interest.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1452432375/ejtyu0auvnxnmocnllgn.png”,”twitter”:”sohear”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/1180458″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:1740524,”date”:”2018-11-01T06:03:06″,”slug”:”monzo-card-4″,”type”:”attachment”,”link”:”https://techcrunch.com/2018/11/01/interest-ing/monzo-card-4/”,”title”:”rendered”:”Monzo Card 4″,”author”:1180458,”license”:””,”authors”:[1180458],”caption”:”rendered”:””,”alt_text”:””,”media_type”:”image”,”mime_type”:”image/jpeg”,”media_details”:”width”:4608,”height”:3456,”file”:”2018/11/Monzo-Card-4.jpg”,”sizes”:”thumbnail”:”file”:”Monzo-Card-4.jpg?resize=150,113″,”width”:150,”height”:113,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=150″,”medium”:”file”:”Monzo-Card-4.jpg?resize=300,225″,”width”:300,”height”:225,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=300″,”medium_large”:”file”:”Monzo-Card-4.jpg?resize=768,576″,”width”:768,”height”:576,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=1024″,”large”:”file”:”Monzo-Card-4.jpg?resize=680,510″,”width”:680,”height”:510,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=680″,”1536×1536″:”file”:”Monzo-Card-4.jpg?resize=1536,1152″,”width”:1536,”height”:1152,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=1536″,”2048×2048″:”file”:”Monzo-Card-4.jpg?resize=2048,1536″,”width”:2048,”height”:1536,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=2048″,”guest-author-32″:”file”:”Monzo-Card-4.jpg?resize=32,32″,”width”:32,”height”:32,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=32&h=32&crop=1″,”guest-author-50″:”file”:”Monzo-Card-4.jpg?resize=50,50″,”width”:50,”height”:50,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=50&h=50&crop=1″,”guest-author-64″:”file”:”Monzo-Card-4.jpg?resize=64,64″,”width”:64,”height”:64,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=64&h=64&crop=1″,”guest-author-96″:”file”:”Monzo-Card-4.jpg?resize=96,96″,”width”:96,”height”:96,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=96&h=96&crop=1″,”guest-author-128″:”file”:”Monzo-Card-4.jpg?resize=128,128″,”width”:128,”height”:128,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=128&h=128&crop=1″,”concierge-thumb”:”file”:”Monzo-Card-4.jpg?resize=50,38″,”width”:50,”height”:38,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg?w=50″,”full”:”file”:”Monzo-Card-4.jpg”,”width”:1024,”height”:768,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg”,”image_meta”:”aperture”:”0″,”credit”:””,”camera”:””,”caption”:””,”created_timestamp”:”1474981569″,”copyright”:””,”focal_length”:”0″,”iso”:”0″,”shutter_speed”:”0″,”title”:””,”orientation”:”0″,”keywords”:[],”filesize”:9087210,”source_url”:”https://techcrunch.com/wp-content/uploads/2018/11/Monzo-Card-4.jpg”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media/1740524″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/attachment”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1740524″],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/1180458″]],”wp:term”:[[“id”:449557100,”link”:”https://techcrunch.com/europe/”,”name”:”Europe”,”slug”:”europe”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/449557100″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=449557100″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449557100″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449557100″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:60523764,”link”:”https://techcrunch.com/fundings-exits/”,”name”:”Fundings 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VCs, bullish founders and changing investing trends”,”content”:{“rendered”:”

During the early days of the COVID-19 pandemic, concern was high, public markets were suffering and it wasn’t hard to find wags on Twitter declaring that the world had changed and startup valuations were now off 40% u2014 if you could put a round together.n

But last night, we reported that more startups than expected were raising new capital at a higher valuations than prior rounds, an event often called an “up round.”n


n

The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription.n


n

The data looked remarkably steady. As Connie Loizos wrote, “so-called ‘up rounds’ only declined modestly, from 72% [of Silicon Valley financings] in March to 70% in April.” Hardly doom and gloom.n

The notion that the funding environment is not as bad as it was anticipated has been borne out in other data, including what appears to be a falling pace of startup layoffs. Perhaps the sky is not falling for private, growth-oriented companies that we tend to call startups?n

"TheMore data helps fill in the picture. Surveys from NFX, a San Francisco-based seed fund, and DocSend, a platform that some founders use to distribute pitch decks, detail how sentiment has changed amongst founders and investors alike. There’s some good news in the collected sentiments, albeit with a few warning signs as well.n

What seems clear from the reports is that the purported startup apocalypse hasn’t come, provided that they weren’t serving or working in a sector of the economy that zeroed-out due to COVID-19.n

Let’s dig into the numbers to better ground our understanding of how entrepreneurs and venture capitalists really view u2014 and disagree on u2014 today’s private markets.n

Concerns and realitiesn

TechCrunch covered the first NFX COVID-19 survey back in April, writing at the time that founders seemed a little more optimistic than venture capitalists when it came to the economy’s rebound and their short-term fortunes.



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