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Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns. The startup has secured $4.2 million in seed funding led by Headline Ventures. Tundra, the zero-fee wholesale marketplace, picks up $12 million.
Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. More recently, the company introduced Changera , a social payment solution allowing customers to use stablecoins to facilitate remittances and international payments on Netflix and Amazon via virtual cards.
The media is abuzz with articles telling us how to improve B2B sales, but at the same time, we also see headlines like “The end of B2B sales.” What’s clear is that there’s no more room for traditional B2B sales. In a recent survey, 43% of B2B buyers said they would prefer a buying experience that had no reps involved at all.
Startups have sought to use technology to digitize processes in Africa’s B2B e-commerce and retail space over the past couple of years. Duplo , a Lagos-based fintech, is attempting to tackle these inefficiencies by digitizing payment flows for B2B companies, starting with those in this industry. Here’s why this is a critical problem.
Often the tech industry’s unsung heroes, B2B sales teams and the revenue they drive are even more important in times of economic instability. At the same time, they’re facing a relatively tight labor market and high employee turnover. Most companies are trying to stretch their dollars further.
The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. Tribal Card is a business Visa card that allows users to create physical and virtual multi-currency cards. Today, Tribal Credit announced it has raised $34.3
InEvent , a startup powering virtual and hybrid events, is announcing that it has raised $2 million in seed funding from Storm Ventures. “There’s an opening in the space space for us to be the leader that we want on B2B,” Góes said. “We don’t intend to compete with platforms in the B2C market.”
trillion B2B payments market in sub-Saharan Africa is one where merchants commonly use manual invoices and inefficient processes that burden merchants and make them struggle with their businesses. pre-seed to build financial OS for B2B companies in Nigeria. The process of sending and receiving payments in a $1.5
Meet Fintecture , a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments with Stripe leading the way, B2B payments haven’t changed much over the years. “In In order to provide a product that works better, Fintecture is approaching the market in different ways. In the U.S.,
Today, a startup that has built a similar kind of payments infrastructure — but specifically targeting small businesses and the payments they need to make — has raised a big round of funding to double down on its own slice of the market. “Every dollar in this round is going towards R&D and sales and marketing.
Sneaker fit startup Neatsy.ai has snagged $1 million in seed funding after a B2B pivot. For its B2B mode l, Neatsy is monetizing SDK usage based on the number of users — setting a price per Monthly Active User. market, as we currently have several brands testing our tech (yet for free) but we are optimistic here.
The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.”. The B2B payments sector is already hot, yet underpenetrated, according to some experts. Paystand banks $50M to make B2B payments cashless and with no fees. million in February.
When you are the founder of a young startup, it is always very hard to gauge the right amount of effort to dedicate to marketing. Australian growth marketing agency Ammo , in contrast, wants to make sure that its clients aren’t overinvesting nor underinvesting. Botch it and you risk looking unprofessional. Cam Sinclair.
Now, in a spot of perfect timing, a startup out of Talinn, Estonia, called Ready Player Me — which has built a popular platform for creating dynamic, animated avatars to use across virtual worlds built and operated by others — is announcing $56 million in funding to grow its business.
B2B marketplaces will be the next billion-dollar e-commerce startups. Marketplaces created for B2B activity are surging in popularity. Even so, according to Merritt Hummer, a partner at Bain Capital Ventures, “B2B marketplaces cannot simply remain stagnant, serving as simple transactional platforms.” Details here.
How quickly the startup valuations are changing : Sure, the 2021 venture capital market was richer than ever, but 2022 is turning out a little bit different. Bring on startup deals, I say, as they always teach us something about the market. What would the impact of those declines be on the country’s startup market ?
But, thanks to TC Early Stage 2021: Marketing and Fundraising on July 8-9, you don’t have to reinvent the freakin’ wheel. They’ll host a series of interactive Q&A sessions focused on essential topics, like pitch development, fundraising, brand building, growth marketing and more. Take a peek at the agenda. And even more… 4.
Users are given challenges to “attack” virtual vulnerable labs in a simulated, gamified and test environment. Most recently it launched Hack The Box Academy. Started in 2017, Hack The Box specializes in using “ethical hacking” to train cybersecurity techniques. Hack The Box is using a SaaS business model.
Since its Series C, Truepill has been busy: it debuted its telehealth and diagnostic services, and launched its COVID-19 wellness program and virtual pharmacy e-commerce offerings. In addition, Tan believes that what Truepill is doing in the direct-to-consumer market is giving people choices.
The global event management software market size jumped from $1.5 While some virtual event companies, like Hopin, became one of the fastest-growing companies in the past few years as a result, the shift back to in-person is now slowing down the demand for pure online events. billion in 2019 to $5.8 Goldcast’s founding team.
Payhawk offers a somewhat similar product, but for the European market. The company wants to replace multiple services in the B2B payment stack with a single, unified platform. When it comes to cards, employees can get virtual and physical Payhawk cards to spend money more easily.
Two-dimensional virtual event platforms such as Hopin, Cvent and Zoom have become staples of virtual events, but these are about consuming content rather than “user activation” for brands. But, again, these are platforms built for consumers, so have limited application in a B2B setting.
The latest funding will be used for enhancing its B2B SaaS, investing in R&D for advanced virtual reality (VR), augmented reality (AR) and 3D tools, which are considered core technologies of metaverse that is its new business Urbanbase plans to enter, according to Ha. The company has about 50 B2B customers.
Business-to-business (B2B) companies are generating an increasing percentage of their revenue through partner ecosystems. But despite their growing importance, businesses haven’t necessarily adopted technology to foster partnerships, instead relying on spreadsheets and lengthy virtual or in-person meetings.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. The startup has also partnered with Coursera to provide access to UBITS courses in the B2C market. At the end of 2021, almost 100,000 students had used its platform, up from 28,000 the year prior.
Ultimate.ai , a virtual customer service agent builder, has closed a $20 million Series A round of funding, led by Omers Ventures with participation from Felicis Ventures and existing investors HV Capital, and Maki.vc — bringing its total raised to date to $25M+. Though it did also tackle English too.).
What the founders think : Several of my colleagues took to the (virtual) streets and got the lowdown on how founders are reacting to the bank’s collapse. The current budget-constrained environment should be seen as a net positive by marketers,” he writes. “It Alex takes a closer look at what startups are up against (TC+).
Fresha’s current range of services include a free-to-use platform for booking appointments; free software for managing accounts; a payments service that includes both a physical point of sale and digital interface; and a wider marketplace both to provide goods to the businesses (B2B); and for the businesses to sell goods to customers (B2C).
. “This is about thinking about its next leg of our scaling strategy, more B2B monetization after being strong in B2C,” Sherman said in an interview, praising his predecessor’s growth of the consumer business and noting his realization that “B2B was not his forte.”
million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world’s second-largest internet market. Indian B2B e-commerce startup Udaan raises $280 million. Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2
She started the company in 2020 to provide virtual data analysts for businesses. Pareto’s team of data experts offer actionable insights for sales marketing and recruiting pipelines. That data can be anything from sourcing TikTok influencers to qualifying B2B sales leads, finding job candidates and researching NFT communities.
There is no authoritative playbook for marketing these days. Every company must find its own voice, and as it grows and evolves, its marketing needs to evolve as well. A growth marketing agency based in Amsterdam, this company focuses on LinkedIn marketing, content marketing, marketing automation and email marketing.
We also discussed where YC’s investing capital comes from and whether, given the market slowdown, YC will be changing its terms to reflect that slowdown. We became 100% virtual in March of 2020. So we’re almost fundamentally a remote, virtual organization henceforth. We’re driven by the founders who apply.
Next week, TechCrunch is hosting Early Stage — a virtual bootcamp for founders to gain the critical insight needed to launch and scale their companies. Pivot Market (Miami, Florida) — Pivot Market is a B2B marketplace where consumer brands gain immediate distribution in physical stores. What about day two?
Salesforce dominates the world of CRM today, but while it’s a popular and well-used tool for organizing contacts and information, it doesn’t have all the answers when it comes to helping salespeople and marketers sell better, especially when meetings are not in person.
Amenli, founded by Shady El Tohfa and Adham Nauman in 2020, is addressing an untapped $2 billion market, being the first licensed online insurance broker in the country. A wave of disruption of digitizing informal retail stores is sweeping across emerging markets this year, and Chari is joining in on the action. Chari (Morocco).
The provision of virtual foreign bank accounts has become a common strategy for fintechs to enable Nigerians and Africans to facilitate international transfers. Platforms like Verto , a global B2B payments platform that allows African businesses to make international payments via multicurrency wallets, are tackling this problem.
” This frontier model could be used to build virtual assistants that can answer emails, perform research and generate art, books and more, some of which we have already gotten a taste of with the likes of GPT-4 and other large language models.
We’re hosting two of these virtual bootcamps designed for early-stage startup founders and open to investors, later-stage founders and other startup enthusiasts. Early Stage part one focuses on operations and fundraising takes place on April 1-2 and Early Stage part two focusing on marketing, PR and fundraising runs July 8-9.
ERA has thus far had more than 226 companies go through the program that have raised more than $1 billion in capital and collectively share a market cap over $5 billion. Barista Valet is a virtual coffee shop, delivered via app, for luxury rental properties. It operates on a B2B SaaS model and has a waitlist of 600+ business users.
Applications in the metaverse often feel like more of a marketing gimmick than something that a critical mass of consumers would use, let alone pay for. Today, one of the early movers in building solutions for that market is announcing a round of funding to double down on the opportunity. Image Credits: Varjo.
Now, increasingly, many organizations and people believe that it could usher in a more permanent shift to remote, distributed and virtual work. Emergence’s Jason Green thinks some of the tech backlash is justified, but the B2B opportunities still outweigh the challenges. Senate runoff election).
To build on that momentum, Mercuryo has begun expanding to new markets, including the United States, where it launched its crypto payments offering for B2B customers in all states earlier this year. In 2020, the company said its turnover spiked by 50 times while run-rate turnover crossed $2.5 billion in April 2021.
It probably comes as no surprise, then, that the company appears to have benefited immensely from the shift to virtual meetings and other trends accelerated by the pandemic. The rise in virtual meetings — often in noisy places like, you know, homes — has led to significant uptake across multiple industries. Image Credits: Krisp.
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