article thumbnail

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

TechCrunch

For example, he said, more business owners are working to become digitally enabled to meet local tax and invoice compliance systems. . “The need for owners to manage their business digitally has accelerated, and this has changed how small business owners work with bookkeepers and accountants,” Epperson told TechCrunch.

SMB 258
article thumbnail

Fintech predictions and opportunities for 2023

TechCrunch

In turn, fintechs that serve SMBs rather than larger midmarket and enterprise customers are more likely to lose their SMB customers. This is why you already see businesses like Brex moving away from serving SMBs. What’s hot. CFOs will be more focused than ever on bottom-line impact.

Fintech 305
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Electric, the IT platform for SMBs, raises $90 million Series D

TechCrunch

Instead of an SMB hiring out a person or a department to handle the basics of IT, 90% of which is maintenance and compliance, Electric software handles distribution, maintenance and security for an organization. Before Electric, there were two options for SMBs: build out your own IT department, or use a local IT provider.

SMB 249
article thumbnail

QED Investors hires Gbenga Ajayi as partner to focus on investments in Africa

TechCrunch

The partner was also a product director for SMB growth at Wise, a global cross-border remittance fintech. He also worked as head of strategic partnerships at Europe’s biggest neobank, Revolut.

Fintech 222
article thumbnail

Deploy DeepSeek-R1 Distilled Llama models in Amazon Bedrock

AWS Machine Learning - AI

Organizations can start with smaller models and scale up as needed, while maintaining full control over their model deployments and benefiting from AWS security and compliance capabilities. The ability to choose between proprietary and open FMs Amazon Bedrock gives organizations the flexibility to optimize for their specific needs.

article thumbnail

Cybersecurity Snapshot: Five Eyes Rank 2023’s Most Frequently Exploited CVEs, While CSA Publishes Framework for AI System Audits

Tenable

Plus, a new guide says AI system audits must go beyond check-box compliance. And get the latest on cloud security, SMBs' MFA use and the CIS Benchmarks. Governments should offer incentives to SMBs, such as tax breaks and subsidies, while larger businesses should reward their SMB partners that adopt MFA.

System 74
article thumbnail

These startups want to make credit scores a thing of the past

TechCrunch

Now the company is not just seeing more SMB customers — a logical assumption considering that Ramp’s biggest competitor, Brex, recently announced it would largely stop serving businesses in that category. Fonoa raises $60M to automate tax compliance and calculations for global companies like Uber and Zoom.

Fintech 240