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The Feedback Loops in Data that Will Change SaaS Architecture

Tomasz Tunguz

The idea is that in the future SaaS applications would be built on a single database, instead of each SaaS application writing to its own proprietary database. I thought it would be cloud-prem and customers driving SaaS products to use a single database. SaaS applications also write back to the CDW directly.

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Parafin Transforming Delivery of Small Business Financial Services Closes $100M Series C

American Entrepreneurship

Its embedded infrastructure powers financial services for marketplaces, vertical SaaS, and payment platforms. Incumbent methods systematically bias against women- and minority-owned businesses. Hans Tung, Managing Partner at Notable Capital and a new board member of Parafi n , shares what made the startup an attractive investment.

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Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

TechCrunch

Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). That could lead to consolidation, too.

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Parafin Transforming Delivery of Small Business Financial Services Closes $100M Series C

American Entrepreneurship

Its embedded infrastructure powers financial services for marketplaces, vertical SaaS, and payment platforms. Incumbent methods systematically bias against women- and minority-owned businesses. Hans Tung, Managing Partner at Notable Capital and a new board member of Parafi n , shares what made the startup an attractive investment.

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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. Here are my predictions for 2023. The hangover from web3’s raucous 2022 extends into 2023.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

As part of the investment, Clara Sieg, partner at Revolution Ventures, is joining the company’s board. When Shamir was building Simple, he could see how challenging it was for incumbents to provide the tools developers need to embed financial services, and this is why we have confidence in his ability to win.”.

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Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack

TechCrunch

Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. million of Series A financing led by Trevor Oelschig of General Catalyst, who has led other enterprise SaaS deals into startups like Fivetran, Contentful, and Loom. Screenshot of Mosaic’s planning function. Photo via Mosaic.