Building the Operating System of the CFO: SMBs & Beyond

  • Regulation: software products are largely unregulated while financial products require some sort of license (e.g. payment institution license, banking license etc.)
  • Monetisation models: software products are typically fixed monthly subscriptions while financial products are largely volume-driven (e.g. % payment volumes or fixed cost per payment, interest rate on a loan)
  • Incumbent competitors: traditional FIs have largely offered financial products without providing accompanying software tools; next-gen SMB software vendors are primarily replacing excel and other largely manual solutions today
  • Drivers of ROI: software products mostly drive value through automation & workflow efficiencies while financial services is more around enabling a transaction to happen in the first place

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TCV backs growth-stage private & public tech companies. For a complete list of TCV investments, visit: www.tcv.com/portfolio-list.

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TCV

TCV

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TCV backs growth-stage private & public tech companies. For a complete list of TCV investments, visit: www.tcv.com/portfolio-list.