Vertical SaaS Weekly Roundup (July 28th, 2022)
Every week (or so) we will share the most interesting Vertical SaaS news with our community, we'd love to hear your thoughts, feel free to hit reply or send us a note at info@verticalsugar.com
1. Embedded SaaS - Add AR/AP capabilities to your product in 3-5 weeks: Monite partners with Codat to integrate AP and AR capabilities. On average, small businesses use more than 40 separate applications to manage their finances and operations, from accounting, expenses, and sales, to forecasting and analytics. This number is growing around 30% year on year. The increase has been driven by the number of new software tools coming to market to help SMBs more effectively execute distinct tasks, particularly the explosion of industry-specific software or vertical SaaS, which has grown 10x in market cap since 2010. Link
Our 2 cents: This is the future, Embedded SaaS will change software forever, great to see more startups coming online to do this.
2. Embedded Credit Underwriting - Singapore's CrediLinq raises $2.6M: Established in 2021, CrediLinq uses AI, machine learning, and data-driven credit models to generate the credit scores of small and medium enterprises (SMEs). The company helps businesses scale through embedded fintech and provides credit-as-a-service to offer SMEs faster and more transparent access to credit within seconds at checkout. Link
Our 2 cents: Copy past from previous post. This is the future, Embedded SaaS will change software forever, great to see more startups coming online to do this.
3. Smart Ship, Maritime digital platform raises pre series round of $ 2.5M: Smart Ship is looking to disrupt the maritime industry the way avionics did in the airline industry. SSH provides a "unified platform and a single source of truth" for Ship owners, Ship Operators, Charter Parties, maritime insurers, Port authorities. The platform caters for merchant ships, naval ships, oil rigs, river-going barges and fishing vessels. Link
Our 2 cents: It will be really interesting when VSaaS's start to collaborate with one another, will be a fully automated collab, order of magnitude better than today.
4. Very early Stage vSaaS in Wealth Management:
Hubly - practice management technology platform that allows growing financial advisory firms to deliver an exceptional client experience.
Onramp Invest, a digital asset & crypto platform for financial professionals.
VRGL - institutional-grade analytics, and automated data extraction to empower wealth management firms to accelerate the client acquisition, proposal management & retention process
Our 2 cents: Vertical SaaS tries to first solve the biggest pain point before expanding to other areas of the Vertical, the ones that hit the biggest pain point and find efficient distribution will end up acquiring others. Good game to play.
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Stay Vertical!
Suga