by Robert Solomon | Sep 24, 2025 | B2B Software, Travel |
Navan, which is a travel management, expense management, and payments provider, filed to go public last week. Between ChatGPT and the readily available S-1 teardowns (see here), you do not need a comprehensive review from me. Instead, I will focus on the evolution...
by Robert Solomon | Sep 20, 2025 | B2B Software |
Intuit investor day was last week, and like Stripe’s investor day, if you are into B2B SaaS and payments, it is well worth reviewing. With an estimated 80% market share of the SMB accounting market, Intuit has a unique pulse on America’s small...
by Robert Solomon | Mar 3, 2025 | AP Automation, B2B Software, Payments
A couple of weeks ago, I wrote about the hit the stocks of two B2B payments providers, Bill.com and WEX, took when they reported slowing growth and monetization. Last week, AvidXchange met the same fate. AvidXchange Earnings AvidXchange beat analyst expectations for...
by Robert Solomon | Feb 10, 2025 | B2B Software, Payments, SMB Software, Travel, Valuation, Virtual cards
Last week, two major players in B2B payments, Bill.com and WEX, reported earnings. The companies promptly lost 33% and 20% of their market capitalizations, respectively. Both companies lowered their guidance on topline growth and mentioned difficulties monetizing...
by Robert Solomon | Nov 19, 2024 | B2B Software, Construction, Industry Concentration |
ServiceTitan filed to go public yesterday. Finally, an exciting IPO for those who follow vertical SaaS and B2B software! ServiceTitan Background You likely know ServiceTitan, so I will briefly describe it. It’s one of those canonical vertical SaaS companies,...
by Robert Solomon | May 28, 2024 | B2B Software, Healthcare, order to cash, Payments, Vertical Cloud |
Waystar, a healthcare software and payments company that filed to go public last October, now appears ready to enter the market. Waystar is a competitor to Change Healthcare and may take advantage of that system’s disastrous cyberattack to time its IPO. For most...
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