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- Rainforest's $20M Raise, Cool Tools, AI Prompts & More 🌴
Rainforest's $20M Raise, Cool Tools, AI Prompts & More 🌴
From Rainforest's Funding to Game-Changing Dev Resources
Fabien B
July 05, 2024
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📖 TODAY’S ISSUE
🧵 Here are some insightful SaaS updates and tools we’ve curated for you today:
Latest in SaaS and Dev Tools Discover cutting-edge SaaS advancements and essential development resources.
Cool SaaS Tools Explore innovative tools that are reshaping the SaaS landscape.
AI Prompts and Productivity Tips Get actionable prompts to boost your SaaS productivity.
Educational Insights Learn essential skills and strategies to accelerate your SaaS journey.
🗞️ HIGHLIGHT OF THE DAY
Rainforest, a SaaS startup that offers embedded payments for platforms, has raised $20 million in a Series A round led by Coatue. The company aims to simplify the process of integrating payments into any SaaS product, allowing platform owners to offer seamless payment experiences to their customers and monetize their services. Rainforest says it has grown its payment volume by 17x in the past 6 months, signing on “dozens” of platforms across a variety of industries.
What We Think
Rainforest’s innovative approach to embedded payments is transforming the SaaS landscape. With a substantial $20 million Series A funding led by Coatue, Rainforest is on a mission to revolutionize how platform owners integrate payment solutions. This strategic move not only simplifies financial transactions but also opens up new revenue streams, fostering an environment where businesses can thrive through enhanced customer experiences. The company’s impressive 17x growth in payment volume within six months is a testament to its potential to reshape the industry
⚡ LATEST IN TECH AND AI
A new whitepaper from SaaS security provider Okta explores the challenges and opportunities of securing SaaS applications in an AI-driven world. The paper covers topics such as the benefits of AI for SaaS security, the risks of AI-powered cyberattacks, and the best practices for building a secure and resilient SaaS infrastructure.
Embedded finance is the trend of integrating financial services into non-financial platforms, such as e-commerce, social media, or SaaS. In this article, Forbes Technology Council member and CEO of Finix, Richie Serna, shares his insights on how SaaS companies can leverage embedded finance to create new revenue streams, enhance customer loyalty, and differentiate themselves from competitors.
Some of the recent stories include:
Tengo untangles the messy world of public sector procurement with AI
Rippling’s Parker Conrad on the company’s new round, new SF lease and, also, its newest critic
SaaS startup SingleInterface raises $30M to help more businesses get online
Seso is building software to fix farm workforces and solve agriculture’s HR woes
đź’» DEV RESOURCES
MDN Web Docs is a comprehensive resource for web developers, covering topics such as HTML, CSS, JavaScript, Web APIs, and more. You can find tutorials, guides, references, examples, and tools to help you learn and build web applications.
Google for Developers is a platform that provides you with access to Google’s technology, tools, and resources. You can learn how to use Google’s products and services, such as Android, Google Cloud, Google AI, Chrome, Google Play, Firebase, TensorFlow, Flutter, and more. You can also find events, courses, communities, and news to help you grow your skills and projects.
API newbies is a blog that helps beginners learn about APIs and how to use them. You can find articles, tutorials, videos, and podcasts that cover topics such as what are APIs, how to make API calls, how to test APIs, how to document APIs, and more.
🤖 COOL AI TOOLS
Discover mind-blowing AI tools
ClickUp is a SaaS tool that helps you manage your projects, tasks, and workflows in one place. You can create, assign, and track tasks, collaborate with your team, set goals and deadlines, automate your processes, and integrate with your favorite apps. ClickUp is designed to be customizable, flexible, and scalable for any type of project or team..
Codica is a SaaS tool that helps you create and launch your own SaaS product. You can use Codica to build your SaaS MVP, validate your idea, and grow your user base. Codica provides you with a ready-made SaaS template, a powerful backend, and a user-friendly interface. You can also customize your SaaS product with your own branding, features, and integrations.
Zapier is a SaaS tool that helps you connect and automate different web apps. You can use Zapier to create workflows, called zaps, that trigger actions in one app based on events in another app. For example, you can create a zap that automatically sends an email when a new lead is added to your CRM.
đź’¸ WHO RAISED?
Discover startups who just raised funds
Anthropic raises $124M to build AI systems that can reason and learn Anthropic is a research and engineering company that aims to create artificial intelligence systems that can reason and learn from complex and diverse data.
Flexport raises $240M to expand its global logistics platform Flexport is a SaaS company that provides a platform for global trade and logistics.
Metropolis raises $160M to build a network of smart parking systems Metropolis is a SaaS company that leverages computer vision and machine learning to create a network of smart parking systems.