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Justworks files to take its SMB-focused, HR-themed SaaS business public

TechCrunch

The Exchange explores startups, markets and money. So, SMB-focused, HR-themed SaaS. In simpler terms, are SMB customers as churn-heavy as we’ve been historically warned by venture capitalists?). Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. Does the company have churn under control?

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Novo, the SMB neobank, nabs $90M at a $700M valuation

TechCrunch

It has raised $90 million, a Series B round that values the Miami-based startup at $700 million, funding that it will use to build out its infrastructure (going from 24,000 customers to 150,000 is no small feat); to add in new products, specifically around lending; and to acquire more customers. “We are competing against big banks.

SMB 247
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Does your SMB have the foundation in place for GenAI?

CIO

A robust foundation, one founded on a digital workforce and an AI-optimized infrastructure, is necessary to reap the technology’s outsized rewards. Building a strong foundation for GenAI Then there’s the often-overlooked issue: integrating GenAI within the infrastructure.

SMB 192
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Fintech predictions and opportunities for 2023

TechCrunch

First, let’s take a look at the sectors likely to be most challenging: lenders, neobanks and fintechs that serve SMBs. Lenders have to manage three big tailwinds in today’s market: Rising delinquency rates and charge-offs. This is why you already see businesses like Brex moving away from serving SMBs. Online lenders.

Fintech 305
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African fintech Flutterwave triples valuation to over $3B after $250M Series D

TechCrunch

A year later, the African payments giant, with an infrastructure reach across 34 countries on the continent, now processes 200 million transactions worth more than $16 billion. The Flutterwave Store, launched in April 2020, was revamped last November to Flutterwave Market. The number of businesses using its platform has also increased.

Fintech 246
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8 IT spending trends for the post-pandemic enterprise in 2022

TechCrunch

Erik Bradley brings more than two decades of experience in creating research platforms to his role as chief strategist at ETR, a market research firm specializing in enterprise technology data. The lack of experienced professionals is an issue that enterprises of all sizes in all markets will have to deal with for some time.

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Melio raises $110M on a $1.3B valuation to bring B2B payments for SMBs into the 21st century

TechCrunch

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.

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