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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 simpler terms, how high-quality is its revenue?). Does the company have churn under control? (In

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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. up by 50,000 on last June’s figures.

SMB 247
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SMB neobank Nearside, formerly known as Hatch, gets $58M Series B led by Valar

TechCrunch

Hatch, a neobank for SMBs, launches with $20M in funding from investors like Kleiner Perkins, Foundation Capital and Plaid’s founders. Nearside offers business checking accounts with no monthly, overdraft or ATM fees, as well as a universal 1% cashback reward program that it says is a first in the SMB online banking space.

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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.

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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.

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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. We’re becoming what we wanted to be: the infrastructure for any kind of payments,” Agboola said. The number of businesses using its platform has also increased.

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

TechCrunch

Electric , makers of IT infrastructure software for SMBs, has been on a tear lately. What Electric does for IT infrastructure is similar to what Justworks does for HR. Before Electric, there were two options for SMBs: build out your own IT department, or use a local IT provider.

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