{"id":4128,"date":"2021-07-09T20:10:24","date_gmt":"2021-07-09T14:40:24","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=4128"},"modified":"2021-08-10T16:06:20","modified_gmt":"2021-08-10T10:36:20","slug":"saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more","title":{"rendered":"SaaS weekly roundup #28: FaaS provider Rapyd acquires Valitor, PineLabs, Coda raise $100million, &#038; more"},"content":{"rendered":"\n<p>Welcome to the latest edition of the SaaS weekly roundup, your one-stop source of everything you need to know in the world of software as a service. Apart from new launches and acquisitions, the funding fervor in the SaaS startups continues unabated.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\/#News_of_the_week\" title=\"News of the week\">News of the week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\/#SaaS_companies_that_got_the_funding_this_week\" title=\"SaaS companies that got the funding this week\">SaaS companies that got the funding this week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\/#In_numbers\" title=\"In numbers\">In numbers<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\/#Must_reads\" title=\"Must reads\">Must reads<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\/#Listen_to\" title=\"Listen to\">Listen to<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news-of-the-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_of_the_week\"><\/span>News of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.crowdfundinsider.com\/2021\/07\/177389-global-fintech-as-a-service-provider-rapyd-to-acquire-valitor-an-icelandic-payments-solutions-firm\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Global fintech as a service provider Rapyd to acquire Valitor, an Icelandic payments solutions firm<\/strong><\/a><\/p>\n\n\n\n<p>It was just in January this year that fintech-as-a-service provider Rapyd had raised funding. Now it seems that it&#8217;s putting that to good use as it has acquired Iceland-based Valitor, a payment solutions firm. While the terms of the deal weren&#8217;t disclosed, reports suggest that it&#8217;s worth $100million.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/microsoft-teams-now-you-can-bring-in-your-data-from-salesforce-too\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Microsoft Teams: Now you can bring in your data from Salesforce too<\/strong><\/a><\/p>\n\n\n\n<p>While <a href=\"https:\/\/www.saasworthy.com\/product\/salesforce\" target=\"_blank\" rel=\"noreferrer noopener\">Salesforce<\/a> might have acquired <a href=\"https:\/\/www.saasworthy.com\/product\/slack\" target=\"_blank\" rel=\"noreferrer noopener\">Slack<\/a> to make the synergy between them better, the <a href=\"https:\/\/www.saasworthy.com\/list\/crm-software\" target=\"_blank\" rel=\"noreferrer noopener\">CRM<\/a> pioneer has also rolled out its app for <a href=\"https:\/\/www.saasworthy.com\/product\/microsoft-teams\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Microsoft Teams<\/a>. The app was available since October as a preview, and now it&#8217;s been released generally. It allows sales teams to have relevant information about consumers and discuss that within Teams.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.tcs.com\/jile-5-0-major-release-saas-enterprise-agile-tool-enhanced-portfolio-capabilities\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TCS launches Jile\u2122 5.0, a major release of its SaaS-based enterprise Agile tool, with enhanced portfolio capabilities<\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/images.saasworthy.com\/blog_latest\/wp-content\/uploads\/2021\/07\/TCS-Jile-5.0-SaaSworthy-SaaS-weekly-roundup-1024x559.png\" alt=\"\" class=\"wp-image-4134\" srcset=\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/TCS-Jile-5.0-SaaSworthy-SaaS-weekly-roundup-1024x559.png 1024w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/TCS-Jile-5.0-SaaSworthy-SaaS-weekly-roundup-400x218.png 400w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/TCS-Jile-5.0-SaaSworthy-SaaS-weekly-roundup-138x75.png 138w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/TCS-Jile-5.0-SaaSworthy-SaaS-weekly-roundup-150x82.png 150w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/TCS-Jile-5.0-SaaSworthy-SaaS-weekly-roundup.png 1320w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>TCS Jile 5.0<\/figcaption><\/figure>\n\n\n\n<p>TCS, a leading IT company from India, has introduced a major update for the Agile tool dubbed <a href=\"https:\/\/www.saasworthy.com\/product\/jile\" target=\"_blank\" rel=\"noreferrer noopener\">Jile<\/a>. Version 5.0 of the app enables better collaboration and is also customized for the needs or organization at different maturity levels.<\/p>\n\n\n\n<p><a href=\"http:\/\/workspaceupdates.googleblog.com\/2021\/07\/join-meeting-virtually-or-in-person-google-calendar.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Indicate whether you\u2019ll join a meeting virtually or in person on Google Calendar<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/google-calendar\" target=\"_blank\" rel=\"noreferrer noopener\">Google Calendar<\/a> has introduced a minor change that will really improve the meetings. With hybrid workplaces expected to become the future, the feature will let attendees select whether they&#8217;ll be joining the meeting in person, or virtually. Both the organizer and other attendees will be able to see this information.<\/p>\n\n\n\n<h2 id=\"saas-companies-that-got-the-funding-this-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SaaS_companies_that_got_the_funding_this_week\"><\/span>SaaS companies that got the funding this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-06\/fidelity-blackrock-lead-fintech-startup-s-600-million-funding\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Fidelity, BlackRock lead PineLabs\u2019 $600million funding<\/strong><\/a><\/p>\n\n\n\n<p>PineLabs a leading <a href=\"https:\/\/www.saasworthy.com\/list\/payment-gateway-software\" target=\"_blank\" rel=\"noreferrer noopener\">payments firm<\/a> in India has closed a $600million funding round as it looks to expand to other Southeast Asia and aims to go public in the next 18 months. The funding was led by Fidelity Management &amp; Research Co. and BlackRock Inc.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.forbes.com\/sites\/rashishrivastava\/2021\/07\/08\/all-in-one-doc-startup-coda-reaches-14-billion-valuation-in-100-million-raise-from-a-major-pension-fund\/?sh=74581fcc8140\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>All-in-one doc startup Coda reaches $1.4billion valuation in $100million raise from a major pension fund<\/strong><\/a><\/p>\n\n\n\n<p>Document collaboration software Coda had raised $80million at $600million valuation last year. Within less than a year, its valuation has more than doubled to $1.4billion as it has garnered $100million in funding led by Ontario Teachers\u2019 Pension Plan (OTPP).<\/p>\n\n\n\n<p><a href=\"https:\/\/www.crowdfundinsider.com\/2021\/07\/177586-saas-based-loanpro-confirms-100-million-raise\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SaaS-based LoanPro confirms $100million raise<\/strong><\/a><\/p>\n\n\n\n<p>LoanPro provides loan-management services and has nabbed a $100million fund infusion from FTV Capital. Founded in 2014, the company has over 600 clients in the US and Canada, and has provided over $15billion in loans.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-07\/a-company-called-mmhmm-just-raised-100-million\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>A company called Mmhmm just raised $100million<\/strong><\/a><\/p>\n\n\n\n<p>Evernote&#8217;s creator Phil Libin had launched Mmhmm last year when the pandemic was at its peak. The Mmhmm software works on top of the <a aria-label=\"video conferencing software (opens in a new tab)\" href=\"https:\/\/www.saasworthy.com\/list\/video-conferencing-software\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">video conferencing software<\/a> like <a aria-label=\"Zoom  (opens in a new tab)\" href=\"https:\/\/www.saasworthy.com\/product\/zoom\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Zoom <\/a>and <a aria-label=\"Google Meet (opens in a new tab)\" href=\"https:\/\/www.saasworthy.com\/product\/google-hangouts-meet\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Google Meet<\/a> by offering a virtual camera to offer additional capabilities. These include the ability to speak in front of slides, add pre-recorded messages to live discussions, and more. The startup has now received $100million in funding led by Softbank Vision Funds.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vccircle.com\/avataar-ascent-capital-co-lead-series-b-funding-in-saas-firm-crmnext\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Avataar, Ascent Capital co-lead Series B funding in SaaS firm CRMNext<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/crmnext\" target=\"_blank\" rel=\"noreferrer noopener\">CRMNext<\/a>, an experience transformation platform for enterprise banks and financial service providers, has nabbed $16million in funding as part of its Series B round. The funding will be used for expanding to more countries and increase the team size.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/07\/07\/localyze-raises-12m-for-a-saas-that-supports-cross-border-hiring-and-relocation\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Localyze raises $12million for a SaaS that supports cross-border hiring and relocation<\/strong><\/a><\/p>\n\n\n\n<p>With remote working changing the way we work, we&#8217;re seeing a lot of new-age SaaS companies raining millions of dollars to make remote hiring and other such things a seamless process. Localyze, a startup backed by Y Combinator, has raised $12million in Series A investment to help staff relocation and hiring from anywhere in the world.<\/p>\n\n\n\n<h2 id=\"in-numbers\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_numbers\"><\/span>In numbers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>$1trillion<\/strong><\/p>\n\n\n\n<p>That&#8217;s the opportunity that Indian SaaS companies can unlock while creating 500,000 new jobs by 2030 as per the &#8220;<a href=\"https:\/\/saasboomi.com\/shaping-indias-saas-landscape-a-1-trillion-tryst-with-destiny-for-indian-saas-startups\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Shaping India&#8217;s SaaS Landscape<\/a>&#8221; report from <em>SaaSBOOMi<\/em>. The image below gives a good snapshot of how far the Indian SaaS ecosystem has come, and <a href=\"https:\/\/dev.saasworthy.com\/blogkey-highlights-from-report-on-indias-saas-landscape\" target=\"_blank\" aria-label=\"SaaSworthy's article summarizes it succinctly (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\"><em>SaaSworthy&#8217;s <\/em>article summarizes it succinctly<\/a> too.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/images.saasworthy.com\/blog_latest\/wp-content\/uploads\/2021\/07\/India-SaaS-Landscape-report-SaaSworthy.png\" alt=\"\" class=\"wp-image-4129\" srcset=\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/India-SaaS-Landscape-report-SaaSworthy.png 1024w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/India-SaaS-Landscape-report-SaaSworthy-400x225.png 400w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/India-SaaS-Landscape-report-SaaSworthy-133x75.png 133w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2021\/07\/India-SaaS-Landscape-report-SaaSworthy-150x84.png 150w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 id=\"must-reads\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/07\/08\/demand-curve-how-to-double-conversions-on-your-startups-homepage\/\" target=\"_blank\" rel=\"noreferrer noopener\">Demand Curve: How to double conversions on your startup\u2019s homepage<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/freemium-pricing-guide\/#.YOge6f4zaUk\" target=\"_blank\" rel=\"noreferrer noopener\">Everything you need to know about Freemium pricing<\/a><\/p>\n\n\n\n<h2 id=\"listen-to\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The &#8220;hardcore year&#8221; approach to $10k\/month in revenue with Andrey Azimov of Sheet2Site<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/indie-hackers\/216-the-hardcore-year-2joXOVtsvZE\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/sheet2site\" target=\"_blank\" rel=\"noreferrer noopener\">Sheet2Site&#8217;s<\/a> Andrey Azimov shares his journey in this podcast. He talks about working from Bali, why he learned programming, all the projects he worked upon, and why he continued to work on Sheet2Site. Lastly, he shares why he sold it off recently.<\/p>\n\n\n\n<p><strong>Data driven customer success ft. Arundhati Balachandran, Senior Director, Customer Success at Chargebee<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/saas-sessions\/s5e1-data-driven-customer-d69P3iuRGCU\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/chargebee\" target=\"_blank\" rel=\"noreferrer noopener\">Chargebee&#8217;s<\/a> Senior Director of Customer Success, Arundhati Balachandran talks about how he made the switch from sales to customer success, what metrics one should focus on, and more. She also highlights the role the customer success team plays in increasing the Net Retention Rate.<\/p>\n\n\n\n<p><strong>SaaStr CEO and Founder Jason Lemkin shares 11 simple tips to drive down churn<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-official\/saastr-466-saastr-ceo-and-dycRKlg6HUj\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>In this podcast, Jason Lemkin highlights 11 tips that SaaS companies should follow to reduce churn. These are simple tips that many may have skipped such as good customer success practices, setting goals, answer customer tickets quickly, and so on.<\/p>\n\n\n\n<h2 id=\"watch\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Zero to App: IndieHacking a Jamstack SaaS &#8211; Mike Cavaliere<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Zero to App: IndieHacking a Jamstack SaaS - Mike Cavaliere | Prisma Day 2021\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/4r75wcg0Fd8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>While this video is technical in nature, it gives a good glimpse of how one can go about building a tech stack for a SaaS product. Listen to Mike Cavalier as he shares about building a collaborative photo gallery using Next.js, Prisma, Cloudinary, and other tools.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s everything that you need to know about the happenings in the world of SaaS in the past week <\/p>\n","protected":false},"author":3,"featured_media":4130,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":4,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-4128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saas-weekly-roundup"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SaaS weekly roundup #28: FaaS provider Rapyd acquires Valitor, PineLabs, Coda raise $100million, &amp; more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS\u00a0SaaS weekly roundup #28: FaaS provider Rapyd acquires Valitor, PineLabs, Coda raise $100million, &amp; more<\/title>\n<meta name=\"description\" content=\"Here&#039;s everything that you need to know about the happenings in the world of SaaS in the past week\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-28-faas-provider-rapyd-acquires-valitor-pinelabs-coda-raise-100million-and-more\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SaaS weekly roundup #28: FaaS provider Rapyd acquires Valitor, PineLabs, Coda raise $100million, &amp; more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS\u00a0SaaS weekly roundup #28: FaaS provider Rapyd acquires Valitor, PineLabs, Coda raise $100million, &amp; 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