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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.

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

TechCrunch

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?). In simpler terms, how high-quality is its revenue?).

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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. That’s a stricter profit metric than the one that Lyft used recently to claim its ascendance into the realm of profitable companies ; Lyft posted positive adjusted EBITDA in its most recent quarter, but burned cash to fund its operations and posted a wide net loss in the period.

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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 The company is pursuing a direct listing on the New York Stock Exchange, or NYSE. million, operating income of $61.3

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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. With this latest extension, Human Interest has now raised a total of $136.7 million since its 2015 inception. Human Interest’s growth has been impressive.

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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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Fintech Brex bets big on software, lands DoorDash as a customer

TechCrunch

We’re very focused on signing up net new large enterprise customers and DoorDash is the first of many, with lots to come,” Brex co-CEO and co-founder Henrique Dubugras said in an interview. While it will still serve startups, Brex wants to be able to support startups as they grow, as well as enterprises that are already huge.

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