VANCOUVER, British Columbia – (Newsfile Corp. – June 13, 2022) – Investorideas.com, a global news source and expert resource on technology and fintech investing, releases an industry overview of the Software as a Service (SaaS) market with Business warrior corp (OTC Pink: BZWR), a SaaS company providing small businesses across the United States with a suite of next-generation, data-driven marketing and financing solutions to strengthen local dominance.
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According to the latest research by SkyQuest Technology, the global SaaS market was valued at US$143.77 billion in 2021 and is expected to reach US$720.44 billion by 2028, growing at a CAGR of 25.89% over the forecast period of 2022-2028.
Business Warrior Corp. (OTC Pink: BZWR) just announced the acquisition of Alchemy Technologies, a global FinTech software-as-a-service (SaaS) company. The acquisition strengthens Business Warrior’s core marketing and credit software while expanding the company’s brand and services to meet global demand.
From the news: Alchemy specializes in creating end-to-end, cloud-native lending experiences for other FinTech companies, merchants and banks. The company installs its core solution across a number of different industries, including: personal lending, point-of-sale financing, health and beauty financing, construction loans, solar and home improvement financing, small business lending, skillset financing, and crowdfunding platforms.
In working with Alchemy to develop its Business Warrior Funding lending platform earlier this year, Business Warrior identified Alchemy as an attractive acquisition opportunity, citing its operational and financial performance.
Alchemy is a global company with customers in six different countries and territories, the United States, Mexico, the United Arab Emirates, Australia, the United Kingdom and Puerto Rico. In 2021, Alchemy had total revenue of $2.8 million. The company is on track to generate additional revenue and expects full-year 2022 revenue to grow 77% compared to 2021.
“After working with Alchemy, we quickly saw tremendous potential in bringing this international group of industry leaders to the Business Warrior team,” said Jonathan Brooks, President of Business Warrior. “With our business warrior platform, premium marketing and now a global lending technology footprint, we create solutions that drive small business success.”
As a subsidiary of Business Warrior, Alchemy will remain under its current brand name and continue to support its customers and internal teams. Alchemy and its 30+ full-time employees and 100+ full-time contract developers will be an independently owned subsidiary of Business Warrior. This acquisition expands Business Warrior’s team to 157 professionals focused on a single mission: to be the source of success and long-term growth for small businesses through marketing technology and unique financing solutions. Alchemy Founder and CEO Timothy Li will join Business Warrior as Global Head of Technology, where he will work alongside Business Warrior’s leadership team. Li, who has an extensive background and is a recognized expert in the FinTech industry, previously served as Chief Information Officer and Chief Risk Officer for JP Morgan Chase, Loan Depot and Realty Mogul.
“We are very excited to join the Business Warrior family! This move provides Alchemy with the additional resources, tools and capital needed to improve our service to customers,” said Li. “Both companies believe that small business owners are the lifeblood of local communities. By bringing Alchemy and Business Warrior together, the positive impact on these communities will be global.”
Randy Schmidt, formerly Alchemy’s COO, will transition to the role of Senior Vice President of Alchemy, leading the internal team into the future.
The transaction is valued at closing at $8.75 million with $2.25 million in cash and $5 million in preferred stock with a three-year cash dividend of 7%. In addition, existing Alchemy employees will receive $450,000 in restricted common stock, which vests over a 24-month period.
Looking at the growth and investor interest in the SaaS sector, Forbes just reported, “In 10 years, SaaS funding has grown nearly 7x and has outpaced the growth of all venture capital funding by nearly 6x.
“Last year alone, 27 SaaS companies went public, representing a market capitalization of approximately $225 billion. One of the reasons investors are so interested in software is that its use cases continue to grow rapidly and span a wider range of industries than previously thought.”
One of the SaaS companies to go public last year was Toast, an all-in-one cloud-based digital technology platform built specifically for the entire restaurant community. Toast provides a single platform of software as a service or SaaS, products and financial technology solutions that provide restaurants with everything they need to run their business, from point of sale, operations, digital ordering and delivery, marketing and loyalty to team management .
Research and Markets reports, “SaaS enables an organization to run an application with minimal upfront costs and accelerates the overall functionality of the organization. Slack, Adobe, Oracle, Amazon AWS, DocuSign, Zendesk, Dropbox, ADP, Atlassian Confluence, Shopify, Workday, Hubspot, SAP, IBM, Box, Concur, JIRA, GitHub, GoToMeeting, Twilio, CoupaSoftware, Xero and Zuora.”
Positioning itself for future growth in the SaaS market, Twilio recently announced that Joyce Kim will join the company as Chief Marketing Officer, reporting to President of Revenue, Elena Donio. As Chief Marketing Officer, Kim will lead global marketing as the company realizes its vision to become a leader in the burgeoning customer engagement category.
“It’s a pivotal time for Twilio as we seek to scale and seize a unique opportunity to define a new category in technology,” said Elena Donio, President of Revenue. “With decades of experience in SaaS product positioning, demand generation, and large-scale engagement with the developer community, Joyce’s expertise is well suited to leading Twilio’s growing global marketing organization. Joyce brings great energy to Twilio and I can’t wait to see what she builds.”
Another small player in this space, QuantGate Systems Inc., an artificial intelligence, machine learning and SaaS-based fintech solutions provider, recently announced that it has entered into a joint venture agreement with Infocorp Computer Solutions Ltd., a leading Payments and systems integration provider, has engaged the public sector with municipal and state/province clients across North America to develop and commercialize fintech solutions globally.
From the news: The aim of the joint venture is to develop and sell fintech solutions for the global financial services market. The two companies have complementary strengths and share a common goal of providing innovative solutions that meet the needs of their customers.
For investors tracking SaaS stocks and industry movements; Start-ups, VC financing, acquisitions and smart money are all heavily into this trend.
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