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Five Predictions for 2023

Tomasz Tunguz

ML propels SaaS into a massive second wave that increases workers’ productivity measurably. Users grow accustomed to this very quickly & ML becomes a requisite feature in most workflow SaaS. More than 100 web3-enabled games launch. Here are my predictions for 2023. The Fed tames inflation. but a Fed Funds rate of 5%.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. As part of the investment, Priya Saiprasad, partner at SoftBank Investment Advisers, is joining CommerceIQ’s board of directors. “E-commerce Meanwhile, $1.1

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

It requires the technical and financial know-how to develop and implement a new backbone in a highly regulated industry,” said Strange, who joined Vesta’s board as part of the financing. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

ManageXR announced today it has raised a $4 million seed round led by Rally Ventures , with venture partner and previous lead angel investor Jay Borenstein joining the company’s board of directors. . ManageXR built an enterprise device management platform designed for VR and AR devices to serve as the core infrastructure for organizations.

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Gusto: The People Platform for SMBs

Y Combinator

The emergence of SaaS business models has further set the stage for companies like Gusto to transform SMB operations. In the long run, software platforms have the potential to be much larger than traditional incumbents. Incumbents relied primarily on sales teams, which Gusto suspected actually limited their reach among SMBs.

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Ascend raises $5.5M to provide a BNPL option for commercial insurance

TechCrunch

Ascend is offering point-of-sale financing to enable insurance brokers to break up those commercial payments into monthly installments. Our platform not only reduces the friction with payments by enabling customers to pay how they want to pay, but also helps carriers sell more insurance.”. Brokers are here to stay,” he added.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

Last week, Paystand — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech Yaydoo — creating a new unicorn in the resulting new entity. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. and Mexico. and Mexico.