Monthly Archives: November 2020

Primer, the fintech helping merchants consolidate the payments stack, raises £14M Series A and The round was led by Accel, who I understand was very aggressive in persuading Primer to take the money from the VC firms.

Gabs and Paul, Co-founders @ Primer

Primer, the UK Fintech that wants to help merchants simplify their payments stack and easily support new payment methods in the future, has raised £14 million in Series A funding. The round was led by Accel, who I understand was very aggressive in persuading Primer to take the money from the VC firms.

The young company wasn’t aggressively fund-raising, having quietly raised 3.8 million pounds of funding announced in May. Instead, the team set out to build up the product and woo potential buyers by hosting technical workshops and in-depth Zoom interviews with 100 merchants—an activity that didn’t go unnoticed.

Existing investors are also participating in Series A: Balderton, SpeedInvest, and Seedcamp, who was joined in the round by the new backer RTP Global. Sonali De Rycker, partner at Accel, will join the board of Primer.

Founded by former PayPal employees – via the acquisition of Braintree by PayPal – Primer wants to offer one payment API to hopefully) rule them all with the clear aim of bringing greater transparency to the merchant’s payment stack.

The view is that larger merchants, particularly those operating in more than one geography, need to support a variety of payment methods that carry significant technical overheads, poor user interface, and lack of transparency.

Primer, now described as a “low-code” platform, carries out a lot of this heavy-lifting on behalf of merchants while remaining steadfastly payment method agnostic. By doing so the idea is to minimize friction by introducing new payment methods as they come onto the market and to be able to provide more visibility into things like how well each checkout option is performing.

As well as payment service providers (PSPs), the platform has connectors for fraud providers, charging systems, subscription billing engines, BI tools, loyalty, and reward platforms. Both payments and non-payment services can be “seamlessly connected to checkout experience and payments flow via workflows, enabling merchants to unify their fraud migration activities, create sophisticated transaction routing, and solve complex flows – all without a code” says Primer.

Primer says that additional funding will be used for the growth of international business and the expansion of its team. Billed as a remote-first company, Primer has 23 employees across six countries and says that it has already gained traction across mid-market and large e-commerce enterprise merchants across Europe.

You may read: Fundraising, productivity critical this year for co-working startups

Comments Paul Anthony, Primer’s co-founder and Head of Product and Engineering: “During our time at PayPal, we saw first-hand the technical burden that online merchants face in trying to provide the best payment experience to their customers worldwide. Our low-code approach enables merchant payment teams to control and extend their payment ecosystems and maintain a sophisticated payment logic with a familiar UI workflow.”

In the meantime, the new investment takes Primer’s total funding to £17.8 million and comes just a few weeks after the initial launch of the company’s platform.

Small business technology

To produce better results, the use of technology in your small business will do wonders.

You can get good returns at minimal cost and small-maintenance with smart use.

Controlled technology implementation is the right step forward. Here, we cover five must-have cost-effective technologies for SMBs:

1.Customer Relationship Management (CRM) 

Customer Relationship Management (CRM) software helps SMBs attract new clients, increase sales, and assist in marketing. You can make use of features such as customer service, data analysis, database management, etc., all under one roof.

You get an organized interface that means you know about business procedures, financial projections, customer demographics, and more. Advanced CRM software also comes with an integrated attendance management system that lets you keep track of your staff’s regularity. You can receive sales reports, create team performance charts along with business suggestions that can help you scale your business.

2.Contactless Payment 

Convenient payment options are always a benefit. However, the outbreak of the COVID-19 pandemic has changed the concept of payment convenience. You need to establish social distances at all times. This forced tech vendors to optimize contactless payment options.

Contactless payment is robust, secure, and simple for users to access these applications. Payment wallets, bank-to-bank transfer apps, etc., offer valuable merchant collaborations. Provide trouble-free payment services to your consumer-base and experience the magic of seamless transactions.

Read 10 Tools to start a Small Business

3.Chatbots 

The implementation of chatbots is a perfect example of the proper use of technology in business. An AI-driven chatbot is a software program that is compatible with websites and mobile applications. It supports users during their on-page time and resolves queries instantly.

You can also collect contact details from the visitor and integrate the chatbot with your CRM to conduct an in-depth analysis of the results. It also opens the doors to email marketing campaigns and other strategies that involve direct communication.

Chatbots run 24×7, making it a must-have technology for small business owners. They are effective because they manage most of the queries without human interference.

4.Data Security 

Digital breaches can cause severe trouble for business owners. So, include an up-to-date server and data security tool to safeguard your other business assets. End-to-end encryption programs, robust firewalls, cybersecurity solutions, etc., comprise worthy data security for small businesses.

Digital breaches can cause severe problems for business owners. Include an up-to-date server and data security tool to safeguard the other business assets. End-to-end encryption programs, robust firewalls, cybersecurity solutions, etc., provide valuable data security for small businesses.

5.Team Collaboration and Management

Miscommunication between team members can occur during the execution of the project. But SMBs can use team collaboration tools to fix this problem. You can manage attendance, share a list of daily activities, and evaluate your daily performance.

Work-from-home has been the norm of 2020 because of the constraints imposed to fight the spread of COVID-19. It’s tedious to monitor the whole team over phone calls and messages. Using the office management software to track daily progress, while also providing valuable feedback on work in the same application.

Conclusion

The needs of small business technology are cost-effective and efficient. You don’t have to go crazy with technical solutions by investing huge amounts of money. Instead, spend more time in analysis and customize the best resources of your business without compromising your budget. The outbreak of the coronavirus pandemic has increased the use of contactless payment options and team collaboration tools. Cybersecurity and CRM software remain vital to secure and well-organized business functioning.

What technologies do you use to make your business work more efficiently? Let us know in the comments section.

In this blog, we can look at what is Agile Project Management And How Can Your Team Benefit?

Most of the world’s teams work in fast-paced, ever-changing environments. That’s where the term agility comes into play. You’ve likely heard the term before, but what does it mean in today’s workplace? Stemming from the IT world, agile capabilities evolved in the 1990s when “thought leaders sought ways to quickly build working software and get it into the hands of end-users.” During this period of transformation, IT began focusing on software solutions combined with more fluent applications needed for a productive work environment.

Agility is essentially a way to simplify the way you work and coordinate together in regards to workload processes. If you’re asking, “What is agile project management?” and wondering if your team can benefit from it, know that it distinctly involves improving systems, processes, and timelines to empower your team members and help you organize work in a way that’s simplified and meaningful.

Agile Project Management

So what is agile project management exactly? It is a method of applying intuitive software and tools to the lifecycle of your team’s project management processes. Agility enables you to multitask for improved collaboration, teamwork, and productivity.

Agile project management takes agility a step further to represent the task and project management steps, systems, tools, app integrations, and execution capabilities necessary for enabling project teams to establish a streamlined, effective workflow—even in changing environments.

According to the Project Management Institute (PMI), project teams “increasingly embrace agile as a technique for managing projects” with 71% of organizations reporting the use of agile project management approaches “sometimes, often, or always.”

As evidence has suggested, Agility models thrive in communicative and adaptive cultures where team members are connected via a single dashboard or source. These teams use collaboration tools where team members can quickly adapt to project changes, leading to greater workflow and productivity benefits.

Read Top 7 Product Management Tools for Product Managers

Iterative is another term you may hear around the topic of agile project management. It represents the agile life cycles or significant steps involved in project completion. This approach focuses on the empowerment of team members via easy-to-use collaborative project management tools for maximum productivity.

How Can Your Team Benefit from Agile PM?

Fostering success through agile project management and iterate processing often begins with dynamic adaptability. Your project and your team must demand interaction, collaboration, and accountability, as well as the ability to shift and change according to project and client, needs as you go. 

This means that tasks can be assigned, dated, and set as recurring as needed. You can also assign project team members where necessary, and even assign subtasks and add notes or files as you strive through the agile project management process. And the benefits of this are endless, especially when working with an all-in-one project management software platform. 

Here’s an overview of the many opportunities your team can take advantage of within this system:

  • Optimize team communication and productivity.
  • Foster a culture of learning and evolution where one centralized and goal-oriented task management platform supports your project. 
  • Support in-office and remote team members with agile project management tools.
  • Bolster team communication and workflow empowerment with:
  • Assignments that are easily set up via templates or email.
  • Reminders can be sent to keep team members on schedule.
  • Easy attachment of files and notes for project clarity.
  • Real-time communication via a built-in chat messaging system that allows task creation directly from a chat channel.
  • Team member accountability through the calendar and timeline integration and reporting, including customizable views from high-level project timelines down to individual task lists. 
  • Cultural collaboration and productivity support through task and calendar sharing, including the ability to:
  • View projects and tasks by timeline, individual, or team.
  • Prioritize tasks, set start dates, due dates, and due times, and update them as each project progresses. 
  • Add followers to a task and add task comments so everyone stays in the loop on updates or timeline changes. 
  • Allow collaborators to view real-time updates on tasks as due date changes, comments, and completions so they understand the progress.
  • Project management planning, intention, and successful execution, allowing teams to create a powerful project result that’s on time and productive. 

From a single project management tool, you’ll be able to integrate all of your teams, projects, apps, and timelines to accomplish goals and provide leadership and quality results for your team.

Taking Advantage of Agile Methodology, Leadership, and Teamwork

Agile project management, now more than ever, requires first choosing the tool you wish to work with each day. It involves planning with timelines, tasks, and processes in mind for effective collaboration.

Through agile project management processes, you will streamline your workflow. And the “what is agile project management” question begins and ends with empowering people. What better way to do this than providing your team members with a modern collaboration app that integrates all of your project tools, tasks, and calendars within one intuitive, task management system?

Restyaboard provides a feature-rich, all-in-one collaborative platform that’s both scalable and simple enough to learn in minutes. To learn how it can improve your team’s workflow, try the demo today!