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Layoffs spell opportunity for some fintech startups

TechCrunch

Stay tuned, and please feel free to share with anyone looking for a new opportunity! It’s not clear how many people were impacted but as of last summer when it raised a $60 million Series B , the startup had about 170 employees, according to Austin Inno. Collective raised its latest round , a Series A, in May 2021.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. They were brought back together by the pandemic to start the e-commerce enablement company. So, just how does it work?

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Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa

TechCrunch

Leta , a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. A SaaS provider for businesses, logistics providers and marketplaces.

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Vista Equity to acquire majority stake in SaaS startup Drift, taking it to unicorn status

TechCrunch

Private equity firm Vista Equity Partners announced today that it is taking a majority stake in Drift , a company which aims to be the Amazon of businesses, with a “growth investment” that propels the venture-backed startup to unicorn status. The startup says it is out to ”reimagine the B2B buying experience,” according to Cancel.

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Legl, a SaaS for law firm workflows, tops up with $18M

TechCrunch

Today, London-based Legl — a 2019-founded SaaS startup that sells tools to law firms wanting to digitize processes and automate workflows in areas like client onboarding, payments and compliance to support a more modern customer experience — is announcing the close of an $18 million Series B round, just over a year after it raised a $7M Series A.

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Startups should focus on value add rather than amount of investment, says Sharon Lou, partner, Indelible Ventures

AsiaTechDaily

Register Startup founders are often too focused on the amount of money they can get from an investor that they mostly fail to see the value that other investors have to offer to grow their businesses further. Indelible Ventures is a venture capital firm that invests in B2B SaaS startups that can scale internationally.

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India’s path to SaaS leadership is clear, but challenges remain

TechCrunch

While its transformative potential was quite clear before the pandemic, the sudden pivot to distributed workforces caused interest in SaaS products to skyrocket as medium and large enterprises embraced digital and remote sales processes, significantly expanding their utility. The rise of Indian SaaS unicorns.

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