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The Three Stages of Building a Strong Finance Function for Your Startup

The Finance Weekly

A startup usually can't afford to establish a complete finance organization with accountants, controllers, planners, and tax specialists right from the beginning. To establish an effective finance function for a startup, the process can be divided into three stages.

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Snap Buys UK Tech Startup Ariel AI, Signaling Push Into AR

PYMNTS

Ariel AI had been concentrating on a type of AI called computer vision, which is used to develop augmented reality (AR) functionalities, CNBC reported. Snap told the outlet that the AR startup’s workforce became part of its computer vision personnel in London at the end of last year. Ariel AI had landed $1.1

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China Powers Up Strategy To Entice Tech Startups

PYMNTS

The original plan concentrated on bigger firms, and fizzled after Alibaba and others “dragged their feet.” . China had previously attempted this, and was focusing on large companies like Alibaba Group, but the plan never came to fruition due to a number of factors, including trade tensions and a lack of political support.

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Business Strategies: Choosing the Right KPIs for Your Small Business

CFO Share

By selecting 5-8 KPIs, your force the business to concentrate activity around those key accomplishments. These risk misunderstanding and a feeling of “I don’t trust the numbers.” The simplicity of KPIs is both easy to understand and lacking nuance, so never rely solely on the numbers. Gourmet restaurants focus on Avg.

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Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI Voice Assistant Startup Voysis

PYMNTS

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice assistant startup Voysis. Apple Buys AI Voice Assistant Startup To Make Siri Smarter. Wells Fargo To Cap SMB Bailout Loans at $10 Billion. Siri is getting an assistant, sort of.

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Global VC investment remains muted

Future CFO

When it comes to mega deals, there was a decline in numbers this quarter with some notable exceptions. After Stripe, Singapore-based online marketplace startup Shein raised the next largest deal ($2 billion), followed by US artificial intelligence startup Inflection ($1.3 US-based payments company Stripe’s $6.9

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Instacart Mandates Wellness Checks As It Doubles Workforce

PYMNTS

In the next 60 days, the San Francisco-based startup will bring on another 250,000 workers. Instacart also instituted a monthly bonus plan ranging from $25 to $200, based on the number of hours worked. The bonuses will continue until the pandemic crisis is over. . The company now has more than 500,000 workers in the U.S.