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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?).

SMB 231
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Factorial adds $120M and doubles valuation to $1B to build enterprise-quality HR for SMBs

TechCrunch

and Western Europe are full of competition for SMB-focused startups building productivity and operational apps for SMBs, in developing countries Factorial has been a trailblazer in connecting with the small business segment to sell them products to handle human resources like their larger counterparts.

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Airbase adds spend support for international subsidiaries

TechCrunch

Brex added a paid package of software at an SMB-friendly price point. Other competitors in its market have a greater SMB focus, it appears. Not that that is a diss; offering corporate spend services as a free package has proven lucrative for some companies looking to onboard a host of smaller enterprises.

SMB 225
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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. But not all neobanks are the unprofitable enterprises that they once were. The same data source indicates that Chime has raised $1.5 Monzo has raised nearly $650 million. And the list goes on: E-commerce-focused neobank Juni raised $21.5 million last month. Nubank has raised $2.3

Marketing 260
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Capital efficiency is the new VC filter for startups

TechCrunch

In this article, we will explain why that happens, and whi h metrics to track to understand where you stand on the capital efficiency scale. The biggest mistake in measuring your capital efficiency Understanding where you stand as a business boils down to the metrics you use and how well you can interpret them. Let’s see what they are.

Metrics 253
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Inside Expensify’s IPO filing

TechCrunch

As we’ll see, COVID impacted the company’s growth rate as well as its retention metrics. 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!

SMB 218
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Nuula raises $120M to build out a financial services ‘super app’ aimed at SMBs

TechCrunch

Current products include cash flow forecasting, personal and business credit score monitoring, and customer sentiment tracking; and monitoring of other critical metrics including financial, payments and e-commerce data are all on the roadmap. and then expanding to Canada and the U.K. before expanding further into countries across Europe.

Fintech 254