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Novo, the SMB neobank, nabs $90M at a $700M valuation

TechCrunch

Novo now has 150,000 SMB customers in the U.S., Chief among those, Rangel said, will be a new lending product where loan applications will be evaluated quickly and (the hope is) more accurately by bringing in and considering a wider set of data that gives a more informed picture of how a business is operating.

SMB 247
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Level the playing field with GenAI: Top SMB use cases

CIO

Coupled with the leanness and agility of SMBs, centering GenAI in their long-term strategy is an increasingly compelling move for many businesses. Driving innovation by easing content creation Yet even as GenAI is transforming the dynamics of business, not every SMB has seized this opportunity.

SMB 173
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WizeHire lands fresh cash to expand its SMB-focused hiring platform

TechCrunch

WizeHire , a hiring service for small- and medium-sized (SMB) businesses, has raised $30 million in a Series B funding round led by Tiger Global with participation from Amplo and Mercury. Statistics paint the picture: According to the latest NFIB Jobs Report, 92% of SMBs reported having few or no qualified applicants when hiring.

SMB 184
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Does your SMB have the foundation in place for GenAI?

CIO

Employees who wish to boost their efficiency through AI can benefit not only from upskilling, but also be supported with the right data, applications, and collaboration tools. Creating this foundation is increasingly crucial in today’s evolving digital landscape.

SMB 192
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Why your business is never too small for an AI factory

CIO

For instance, 95% of SMB IT professionals feel confident in their generative AI (GenAI) skills, as compared to 81 percent of enterprise IT professionals. Not only do these lack the scalability and functionality of modern applications, they are also expensive to upkeep and update.

SMB 78
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8 IT spending trends for the post-pandemic enterprise in 2022

TechCrunch

SMBs are growing faster. The SMB sector is showing slightly stronger growth than large enterprises. For vendors targeting the SMB market, now is an excellent time to increase marketing spend and fortify lead generation and content marketing. Smaller accounts may yield more sales in the near term.

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Inside Expensify’s IPO filing

TechCrunch

We also want to understand how the company is profitable, and how its SMB focus has turned out to be more of a boon than a burr. The company mostly sells to SMBs, or smaller companies. Let’s have some fun! How Expensify makes money. Let’s talk about Expensify’s business model first.

SMB 218