Data from CB Insights revealed that $1 out of every $5 raised globally last quarter went to Fintech. 😮 This quarter is shaping up to be a big one too — neobank (read: digital-only bank) Revolut just became the UK's biggest private company ever at a $33 billion valuation.
So what else are we seeing in this space lately? Mostly that people love when they don’t have to lift a finger. Here are recent launches that automate your finances:
Checking: Lance is a business bank account for freelancers that puts your checking account on autopilot, auto-budgeting your income every time you get paid. It even calculates, withholds, and pays your quarterly taxes (U.S. only for now).
Expenses: Volopay is automation for your business expenses. The new reimbursements feature takes care of reporting, receipt upload, approval flows, claims processing, and accounting automation. Isn’t that what Expensify does? Yes. Founder Rajith Shaji explained in the comments that what makes the product worth noticing is that it’s 1) forever-free and 2) one part of the company's ecosystem of offerings which includes corporate cards and money transfers.
eCommerce: Synder provides a single source of truth for online sellers who have various payment methods or subscriptions to manage. It automates your accounting and records fees to give you an instant overview of your multi-channel cash flow, and inventory too.
Commissions: Calculating sales commissions is not only cumbersome for accounting teams, it often leaves sales reps double-checking that their commissions were accurately calculated and fiddling with spreadsheets. PaletteHQ is a SaaS platform that connects to CRMs and accounting softwares to calculate commissions automatically.
Crypto: We wrote about Coinrule last month but we’d be remiss if we didn’t mention it here especially as it’s also a UK-based startup. Coinrule automates crypto trading across platforms by enabling their users to set up rules without code or bots.
Teams at Vimeo, Zapier, and Atlassian use Grain to record, transcribe, and clip their conversations into powerful bite-sized moments, then share them in real-time with those who need it.
- What is the first app you begin your day with?
- iOS 15 will roll out this fall and it’s expected to change the way we calculate the effectiveness of our emails. The team at OmniSend launched Opens are Dead, a resource to help you prepare.
- Valve introduced Steam Deck to the world yesterday, their portable gaming PC that everyone is calling a "Switch for PC."
- Check out two new ways to survey: With voice & video and with GPT-3.
