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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.
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. In fact, most sales leaders are saying that too many virtual selling tools have negatively impacted their own teams. Planning ahead reduces the risk of frustrating delays near the finish line.
When Privacy.com was founded in 2014, the company’s focus was to let anyone generate virtual and disposable payment card numbers for free. million Series A last July, Privacy.com said it had issued 5 million virtual card numbers. Privacy.com, a virtual payment card startup, raises $10.2M At the time of its $10.2 in Series A.
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 Essentially, the startup generates virtual IBANs so that it can automatically reconcile incoming payments. In the U.S.,
“There are still trillions being transferred via paper checks in the B2B space,” he said, with paper invoices and paper checks dominating the market. ” Targeting a market that remains very underserved at a time when so much has gone virtual in payments is why investors are also interested. Most are bank transfers.
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. Investors in the round include Cabra VC, Flyer One VC and some unnamed business angels. month per user).
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.
during its annual virtual developer conference, SenchaCon. delivers B2B software productivity tools that enable technical users to do more with less — from database administrators, to database and application developers, to test management and dev ops teams. Austin, Texas – Apr. announced the release of 7.4 About IDERA, Inc.
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.
Even as some return to the office, many of us don’t see each other face-to-face, and even if we have checked in together virtually or in person, our groups of colleagues might be rapidly shifting around. Teamraderie, a B2B MasterClass-style platform for team building, raises $7M by Ingrid Lunden originally published on TechCrunch.
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.
Subsequently, they built a crypto exchange platform and allowed these users to access virtual assets formally and explore other use cases, including buying, selling and swapping crypto and peer-to-peer transactions. We started Bitmama to make it easy for anyone across the African continent to buy and sell cryptocurrency. CEO Ruth Iselema.
Social giant Meta is rolling out some parental controls for its virtual reality products , which feels late but welcome. Tech for parents: Sometimes the news groups itself for us. Today was one such day, thanks to Mark Zuckerberg.
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.
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. All B2B startups are in the payments business.
It’s now pivoted to offering a full virtual platform to businesses that want to make the best of this new work environment. FLOWN offers live facilitated “deep work” sessions as well as a collection of on-demand focus and “recharge” content.
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.
One of its partners, for example, is virtual card startup Extend. . But what Visa is doing is looking at ‘How can we enable our banking clients to do something similar?’ “For example, if you look at B2B spend, there’s about $120 trillion of it annually. We believe about $20 trillion of that is card eligible.
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 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. If you are familiar with Brex or Ramp in the U.S., Payhawk offers a somewhat similar product, but for the European market.
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.
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. Hong Kong’s offline and virtual events platform EventX closes $18M Series B. But not everything is rosy in the industry.
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.
On March 3, we’re hosting TC Sessions: Justice 2021 , a day-long virtual conference dedicated to examining diversity and inclusion in tech. Go Together’s Carpool to School is a B2B SaaS platform that’s equitable, makes organizing school transportation convenient for parents and reduces per-student transportation cost for schools/districts.
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. Building a lean B2B startup growth stack TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here.
Indian B2B e-commerce startup Udaan raises $280 million. At a recent virtual conference, Jhina said that the coronavirus pandemic, which prompted New Delhi to order a nationwide lockdown and put restrictions on e-commerce firms , has illustrated just how crucial neighborhood stores are in people’s lives.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. UBITS offers companies an annual subscription per user so that they pay to give their employees unlimited access to a virtual content library and live sessions.
Barista Valet is a virtual coffee shop, delivered via app, for luxury rental properties. Hopscotch is targeting the pediatric behavioral health sector with a SaaS platform that allows providers to use digitized treatment programs for both in-person and virtual sessions. The Daily is registered with the FDA.
” 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.
She started the company in 2020 to provide virtual data analysts for businesses. That data can be anything from sourcing TikTok influencers to qualifying B2B sales leads, finding job candidates and researching NFT communities. Startups need data to grow, and Pareto CEO Phoebe Yao wants to make that as easy as possible.
. “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.”
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).
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.
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).
” While business has been strong for a while, investors think a tipping point is coming: “Varjo is entering a new phase in scaling its high immersion virtual and mixed reality products across enterprise verticals,” Ted Persson, a partner at EQT Ventures and Varjo board member, told TechCrunch. Image Credits: Varjo.
Virtual meetings are a fundamental part of how we interact with each other these days, but even when (if!?) Memix today comes in the form of a virtual camera, accessible via Windows apps for Zoom, WebEx and Microsoft Teams; or web apps like Facebook Messenger, Houseparty and others that run on Chrome, Edge and Firefox.
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.
The company allows contractors, manufacturers, distributors and logisticians to plan and optimize their B2B or B2C shipments while providing a cloud platform for real-time visibility of shipments, logistics infrastructure and seamless collaboration that breaks down traditional organizational silos. Enter Freterium. Union54 (Zambia).
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. Day one is all about how-to’s.
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 events offer lots of opportunity for meaningful connection and, because they’re virtual, you can connect with early-stage founders and influencers across the globe.
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