The FinTech SMB Bundle
SMBs need technology to automate workflows and remove friction so they can focus on what matters most.
Small businesses are rapidly growing in the United States and yesterday’s mom and pop tools won’t cut it for this generation of business owners. This means there’s also a massive opportunity for incumbents and challengers to become the system of record for small businesses. Many of today’s solutions are fragmented across several providers – including payment gateways, point-of-sale, accounting software, lending, and commercial deposits – and not integrable with other systems. We believe there is an opportunity to bring these different capabilities together in a coherent “bundle” that delivers an unified experience – and ultimately makes it easier to run and grow their business.
Why Now?
On the back of the “Great Resignation” small business creation is expected to surge, increasing the market size for SMB services. According to Intuit’s 2021 New Business insights Report, 17M U.S. employees want to start a business. Not only this but the SMB segment is rapidly digitizing, with business owners regarding online sales as a key revenue driver and increasingly going cashless.
Who Cares?
- Financial Institutions
- Business banking challengers
- SMB tech platforms (Square, Toast, Clover, etc)
- Payment processors
What Areas Excite Us Today?
- Front-end solutions
- Payment acceptance
- Frictionless checkout
- Next-gen POS systems
- Lead-gen/marketing
- Embedded lending
- Back-end Solutions
- Accounting and bookkeeping
- General ledger
- Spend management
- Modern underwriting
- Benefits (HR/Health)
- Connectivity
- Real time access to 3rd party data
- Supplier networks
- Alternative payment rails
- Payroll