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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., “That has unshackled us from someone else’s release schedule, and it means tighter margins,” he continued, but it does have its challenges, for example, in sometimes keeping product focus, and the investment needed to continue maintaining all that technology.

SMB 247
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Factorial adds $120M and doubles valuation to $1B to build enterprise-quality HR for SMBs

TechCrunch

Small and medium businesses, long overlooked in the building of innovative technology, have lately become a key focus in the world of B2B software. But ironically, the world of employment has had another focus — as a problem for tech startups to tackle. While developed markets like the U.S.,

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Why your business is never too small for an AI factory

CIO

Due to its ability to level the playing field, small and medium businesses (SMBs) are hungry for all things artificial intelligence (AI) and eager to leverage this next-generation tool to streamline their operations and foster innovation at a faster pace.

SMB 78
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So much fintech M&A

TechCrunch

On Friday, January 13, investment giant BlackRock announced it was acquiring a minority stake in SMB 401(k) provider startup Human Interest. For one, as one source told me, BlackRock’s investment is a show of faith in the SMB 401(k) market — one where the firm hasn’t historically played. What happened to due diligence here???

Fintech 294
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Robco links up with $14M led by Sequoia to bring modular robotics to industrial SMBs

TechCrunch

In short, SMBs might need to scale up productivity at times but — either due to the economics of the need, or labor shortages, or both — are unable to hire people to fill those jobs on a permanent basis. No company yet has crossed the chasm to [provide] great, delightful technology that could be deployed in days or months.

Industry 256
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What is a managed service provider? Strategic outsourcing for IT services

CIO

A managed service provider (MSP) is an outsourcer contracted to remotely manage or deliver IT services such as network, application, infrastructure, or security management to a client company by assuming full responsibility for those services, determining proactively what technologies and services are needed to fulfill the client’s needs.

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TechCrunch+ roundup: Optimizing acquisition, parental leave tips, riding the downturn express

TechCrunch

“At the awareness stage, businesses are looking to solve a problem or challenge using technology,” writes Hogan. ” For example, Gartner found that 41% of SMB customers rely on customer ratings and reviews before making a purchase. .” Full TechCrunch+ articles are only available to members.