Marketplaces created for B2B activity are surging in popularity. According to one report, transactions in these venues generated around $680 billion in 2018, but that figure is predicted to reach $3.6 trillion by 2024. The COVID-19 pandemic is helping startups that innovate in areas like payments, financing, insurance and compliance. Even so, according to Merritt Hummer, a partner at Bain Capital Ventures, “B2B marketplaces cannot simply remain stagnant, serving as simple transactional platforms.” The startups that are first to market with innovative “adjacent services will emerge as winners in the next few years,” she advises. Thank you very much for reading Extra Crunch; I hope you have a great weekend. Walter Thompson Senior Editor, TechCrunch @yourprotagonist Read more |
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