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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.

Fintech 294
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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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Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally

TechCrunch

Stenn has been around since 2015 and has since then financed some $6 billion in loans from 74 countries, with $1 billion of that loaned out in 2022 alone, with an approach that brings technology to an area that had previously been largely untouched by lenders, said Stenn’s founder and CEO Greg Karpovsky in an interview.

Banking 208
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South Korean HR automation platform flex raises $32M Series B at a $287M valuation

TechCrunch

It also plans to launch performance review and talents relation management tools in the first quarter of 2022. . “At However, flex plans to expand the addressable market by targeting new industries in the SMB space this year. At flex we define HR as Human Relations, not Human Resources.

SMB 252
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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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Acumatica goes all-in on AI with hundreds of enhancements to its ERP platform

CIO

Automation and AI are critical Acumatica is a leader in the small and medium business (SMB) ERP market, and is unique in that it offers industry-specific platforms for general business, distribution, retail, manufacturing, and construction. This can help users identify exceptions or anomalies in transaction reviews, it said.

UI/UX 171