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In 2006, BILL CEO and Founder René Lacerte set out to define a category around financial operations for small and midsize businesses (SMBs). With SMBs, the smallest business is owner-operated. This gets more challenging when you have stakeholders who aren’t the ones buying the software. I already have a solution.”
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Its product provides software to spas and salons but it’s not new (the first salon software came out in the 80s), and neither is a lot of the vertical software getting hot today. But what has changed in the last five years is that you have all now embedded financial services (Stripe, etc.) on their iPads.
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In payments, both terms have to do with getting payment capabilities closer to the process they’re associated with and improving the customer experience. Integrated payments connect paymentprocesses to software platforms, making things simpler for the end user. And they are, in some ways.
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