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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?).

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

TechCrunch

When it comes to growth metrics like year-over-year revenue percentage growth, the exec was tight-lipped, saying only that FreshBooks has “ seen significant growth” in the number of new customers since last year, in part fueled by a pandemic-driven increase in new small businesses. ” Image Credits: FreshBooks.

SMB 258
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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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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. Kote also disclosed new growth metrics for Airbase, though in relative instead of absolute terms. Ramp is sticking to its zero-cost guns for now.

SMB 225
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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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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

Novo, an SMB-focused neobank, raised $41 million in June. 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 And FairMoney has locked down more than $50 million. On and on and on.

Marketing 260
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Squarespace files for a direct listing on the NYSE

TechCrunch

Today Squarespace, a well-known software-and-hosting provider for SMB websites, released its S-1 filing. For now let’s focus on Squarespace’s own metrics. Turning to Squarespace-specific metrics, the company’s “unique subscriptions” rose from 2.984 million in 2019 to 3.656 million in 2020.

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