Stay updated on the latest SaaS news: Mindfuel raises €3.75 million in seed funding, Stripe crossed $1 trillion in total payment volume in 2023; Zendesk plans to acquire Ultimate;…
SaaS Funding News
Perfios Raises $80 Million in Funding
B2B SaaS fintech company Perfios received $80 million from Teachers’ Venture Growth. The company plans to continue its international expansion and explore inorganic growth opportunities. They’ll invest in advanced technology for seamless customer experiences in banking, insurance, and embedded commerce.
Mindfuel Raises €3.75 Million in Seed Funding
Data product management company Mindfuel has secured €3.75 million in seed funding led by Project A Ventures. This funding empowers the company to launch its SaaS solution Delight across both European and US markets and revolutionize how businesses interact with and perceive data initiatives.
(Image Credit: Mindefuel)
Frontnow Raises €3.8 Million in Extended Seed Funding
AI SaaS company Frontnow has received €3.8 million in additional seed funding led by Peak, with contributions from PROfounders Capital and Identity Ventures. The investment will support the company in advancing its technology and growing its enterprise customer network.
TheyDo Secures $34 Million in Funding
SaaS company TheyDo has raised an additional $34 million in a funding round led by Blossom Capital. The funding empowers TheyDo to further advance their leadership in journey management on a larger scale. They plan to boost research and development efforts, particularly focusing on AI and data ingestion. Additionally, the company aims to expand its customer-facing team in the United States.
SaaS Growth
Stripe Crosses the $1 trillion Total Payment Volume Metric in 2023
In the annual letter, Stripe mentioned that it crossed $1 trillion in total payment volume in 2023, marking a 25% increase from the previous year. This means that the combined output of businesses using Stripe accounts for about 1% of the world’s GDP. Stripe also reported strong positive cash flow in 2023 and anticipates the same for 2024.
(Image Credit: spotSaaS)
SaaS M&A:
Zendesk to Acquire Ultimate
Zendesk has revealed its plans to acquire Ultimate, a customer support automation provider. The company has not disclosed the acquisition price.
This acquisition builds on the launch of Zendesk AI. The company aims to deliver the most complete AI offering for customer experience (CX) in the market.
With Zendesk and Ultimate joining forces, companies will have more options to handle issues according to their preferences. This includes using fully automated AI agents, workflow automation, or human interaction. For human agents, this means they can spend more time fostering relationships, solving intricate problems, and leveraging their customer expertise to become valuable strategic partners in the company.
(Image Credit: spotSaaS)
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[…] volumes are expected to grow by over 80% from 2020 to 2025, according to PwC Research. Stripe crossed $1 trillion in total payment volume in 2023. In February 2024, PayPal dominates the market for online payment […]