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News: SMB Going Online Tripled Between Pre-pandemic and 2021

Smart Hustle Magazine

According to Recovery Insights: Small Business Reset report prepared by Mastercard Economics Institute, the number of SMB offering online products/services tripled between the pre-pandemic era and 2021. Has the digital move paid off for SMB went online? The answer is a big resounding yes. increase in customer spending. Registered 4.5%

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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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Ukrainian startup Zeely raises $1M for SMB growth app aimed at US, UK, Brazil, Mexico

TechCrunch

Ukrainian startup Zeely raises $1M for SMB growth app aimed at US, UK, Brazil, Mexico by Mike Butcher originally published on TechCrunch It’s a great product and already has very convincing traction.”

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The Coming Zombie Startup Apocalypse

This is going to be BIG.

They''re consumer, SMB and enterprise revenues--maybe not enough to justify their valuation, but much much further from zero than companies in the past. Because companies today have way more revenues than the companies that went public or had huge up rounds back then. And, they aren''t necessarily revenues from other dot coms.

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Novo, the SMB neobank, nabs $90M at a $700M valuation

TechCrunch

Novo now has 150,000 SMB customers in the U.S., The company has seen truly accelerated growth in the last year, and specifically the last six months, both in terms of customer numbers and in terms of how much its app is getting used. up by 50,000 on last June’s figures.

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Beginner’s Guide to Implementing AI in Your Small Business Without a Tech Team

American Entrepreneurship

AI Tools: Prebuilt Advantages Factor No-Code Cost Low to moderate (monthly subscription) Setup Time Fast (hours to a few days) Technical Skill Needed Minimal Customization Configurable, but generic Scalability Good, but within tools limits Flexibility Tool-dependent Integrate Plug-and-play w/ common platforms Maintenance Handled by the provider Security (..)

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BlackRock acquires minority stake in SMB 401(k) provider Human Interest

TechCrunch

The startup told TechCrunch previously that it works with “every kind of SMB” — from tech startups to law offices, to dentists to dog walkers, to manufacturing firms, to social justice nonprofits. BlackRock acquires minority stake in SMB 401(k) provider Human Interest by Mary Ann Azevedo originally published on TechCrunch.