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Nexi, the Italian payments giant, buys Germany’s Orderbird for $140-150M to expand its SMB strategy

TechCrunch

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.

SMB 251
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Justworks files to take its SMB-focused, HR-themed SaaS business public

TechCrunch

The Exchange explores startups, markets and money. So, SMB-focused, HR-themed SaaS. In simpler terms, are SMB customers as churn-heavy as we’ve been historically warned by venture capitalists?). (In In simpler terms, are SMB customers as churn-heavy as we’ve been historically warned by venture capitalists?).

SMB 231
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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

Novo, an SMB-focused neobank, raised $41 million in June. The Exchange explores startups, markets and money. But when we drilled down into its quarterly results , we saw the picture of a fintech company scaling its gross margins and revenues while nearly reaching adjusted net income neutrality by Q4 2020. million last month.

Marketing 260
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Squarespace files for a direct listing on the NYSE

TechCrunch

Today Squarespace, a well-known software-and-hosting provider for SMB websites, released its S-1 filing. million and net income of $58.2 million and net income of $30.6 million and a net loss of $267.7 Public market investors will have to vet how much they like having zero say in the company’s future direction.

.Net 262
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Where’s the ROI for AI? CIOs struggle to find it

CIO

While Kane shows clients how to save time and money using AI tools like Microsoft Copilot, many SMB customers still don’t see the value of generative AI in tasks like writing a newsletter, when the AI doesn’t have access to their internal data. They need to be shown how to really use the tool in order to use it effectively,” he says.

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Andreessen Horowitz leads $43M Series A for Setpoint, which aims to be the ‘Stripe for credit’

TechCrunch

Net dollar retention in its first five quarters was +224% per quarter, meaning Setpoint’s customers more than doubled their spend with the company each quarter, according to Wall. Rubenstein was also a co-founder of Yodle, an SMB digital marketing firm acquired by Web.com in 2016 for $342 million.

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401(k) provider Human Interest doubles valuation with $55M fundraise

TechCrunch

It’s gone from adding about $100,000 a month in net new revenue in early 2019 to now adding more than $1 million a month in net new revenue, according to Schneble. There’s so much runway just doing what we’re doing, and that’s taking market share from others.”. million since its 2015 inception.

SMB 221