Remove Business Model Remove Cloud Remove Payments
article thumbnail

Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

in revenue. Then, in 2017, with around $50M in revenue, BILL added payment capabilities. He had the idea that the Cloud, not called the Cloud back then, would enable two entities to see the same transaction from their perspective. If you screw up one payment, customers are going to be angry.

SMB 307
article thumbnail

What is Vertical SaaS?

Stax

Join the Payments-Led Growth Movement Sign up to keep up-to-date with the latest trends in payments, vertical SaaS, and technology from industry experts. Since vertical SaaS platforms are niche-focused (e.g., This is particularly important in industries with unique workflows and processes. Integration with other software.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State of the Cloud 2023 with Bessemer Venture Partners (Video + Podcast)

SaaStr

Discover Bessemer Venture Partners’s annual State of the Cloud report, going through trends, benchmarks, and metrics that underpin the Cloud economy. The past twelve months have been relatively turbulent for Cloud founders. What does this mean for Cloud companies? What does this mean for Cloud companies?

Cloud 306
article thumbnail

How ISV Partnerships and Integrations Can Drive Business Growth

Stax

For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. Through strategic ISV partnerships, businesses can enhance their service offerings, streamline operations, and open new revenue streams.

article thumbnail

Sequencing Business Models: The Types of Marketplaces

Casey Accidental

This is part two of a three part series on sequencing business models. Casey’s first sequencing business models essay talked about the transition from a SaaS business model to marketplace business model, and why it’s so difficult. This essay is a collaboration with Gilad Horev.

article thumbnail

Billing System Migration: How to Nail It?

Subscription Flow

Some of the pitfalls that come with unplanned billing migration are faulty revenue reporting, data duplication, and customer churn. Our platform, SubscriptionFlow, is a billing system migration expert. Following are some of these factors: The business’s existing billing system is outdated.

article thumbnail

5 Interesting Learnings from Wix at $1.4 Billion in ARR

SaaStr

So this year has been rough on SaaS and Cloud stocks, with multiples down 75% from a year ago and the markets overall down 50% or more. It’s barely trading at 3x revenue. Payments and e-commerce drag blended gross margins down to 60%. But payments can be low gross margin, and they are for Wix. Wix is one.

Payments 282