2022-06-13 | OTCPK: BZWR | Press Release

Vancouver, British Columbia-(Newsfile Corp.-June 13, 2022)-Investorideas.com, a global source of news and investment expert resources covering tech and fintech has released a snapshot of the market sector. SaaS (software as a service) featuring Business Warrior Corp. (OTC Pink: BZWR), a SaaS company that provides small businesses in the United States with a suite of data-driven marketing and next-generation, funding solutions to strengthen local market dominance.

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According to the latest research by SkyQuest Technology, the Global SaaS Market will be worth USD 143.77 Billion in 2021 and is expected to reach USD 720.44 Billion by 2028, with a CAGR of 25.89% during the forecast period of 2022 – 2028.

Business Warrior Corp. announced. (OTC Pink: BZWR) the acquisition of Alchemy Technologies, a global FinTech software as a service (SaaS) company. The acquisition strengthens Business Warrior’s core marketing and lending software while expanding the Company’s brand and services to meet global demand.

From the news: Alchemy specializes in creating end-to-end, cloud native lending experiences for other FinTech companies, merchants and banks. The company installs its core solution in several different verticals, including: Personal loans, Point of Sale Financing, Health and Beauty Financing, Construction Loan, Solar and Home Improvement Financing, Small Business Lending, Skillset Financing and Crowdfunding Platform.

In partnering with Alchemy to develop its Business Warrior Funding lending platform earlier this year, Business Warrior identified Alchemy as an attractive acquisition opportunity, citing its performance and financial performance.

Alchemy is a global company with customers in six different countries and territories, the United States, Mexico, the United Arab Emirates, Australia, the United Kingdom and Puerto Rico. In 2021, Alchemy generated total revenue of $ 2.8 million. The company is on track to add additional revenue and projects throughout the year 2022 revenues will increase by 77% compared to 2021.

“After working with Alchemy, we quickly realized the tremendous potential of adding an international group of industry leaders to the Business Warrior team,” explains Business Warrior President Jonathan Brooks. “Using our Business Warrior platform, premium marketing, and now a global lending technology presence, we are developing solutions that drive small business success.”

As a subsidiary of Business Warrior, Alchemy will remain under its current brand name and will continue to support its clients and internal team. Alchemy and its more than 30 full-time employees and more than 100 full-time contracted developers will be an independently managed subsidiary of Business Warrior. This acquisition expands the Business Warrior team to 157 professionals committed to a single mission: to be a source of success and long -term growth for small businesses through marketing technology and unique funding solutions. Alchemy Founder and CEO, Timothy Li, will join Business Warrior as Global Head of Technology, where he will work with the Business Warrior executive team. Li, who has an extensive background and is a recognized expert in the FinTech industry, previously worked as Chief Information Officer and as Chief Risk Officer for JP Morgan Chase, Loan Depot, and Realty Mogul.

“We are excited to join the Business Warrior family! This move gives Alchemy the additional resources, tools and capital needed to enhance our service to customers,” Li said. “Both companies believe that small business owners are the lifeline of local communities. By combining Alchemy and Business Warrior, the positive impact on these communities will be global. “

Randy Schmidt, former COO of Alchemy, will step into the role of Senior Vice President of Alchemy and lead its internal team moving forward.

The value of the closing deal is $ 8.75 million with $ 2.25 million in cash and $ 5 million in preferred stock with a 7%, three -year cash dividend. In addition, $ 450,000 in restricted common stock will go to existing Alchemy employees who will provide the vest within 24 months.

Looking at growth and investor interest in the SaaS sector, Forbes just reported that “In 10 years, SaaS funding has grown nearly seven times and surpassed overall venture capital funding growth by nearly six times.

“Last year alone, 27 SaaS companies went public, representing approximately $ 225 billion of market capital. One of the reasons why there is so much investor interest in software is because use cases for it continue. which is growing rapidly, covering a wider range of industries. than previously thought. “

One of the SaaS companies that went public last year was Toast, a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a software platform as a service, or SaaS, financial technology products and solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management.

Research and Markets reports, “SaaS allows an organization to run an application at minimal upfront cost and speeds up the overall functioning of the organization. The major players in the Software as a Service (SaaS) market are Salesforce, ServiceNow, Microsoft, Google, Cisco, Slack, Adobe, Oracle, Amazon AWS, DocuSign, Zendesk, Dropbox, ADP, Atlassian Confluence, Shopify, Workday, Hubspot, SAP, IBM, Box, Concur, JIRA, GitHub, GoToMeeting, Twilio, CoupaSoftware, Xero and Zuora. “

In positioning for future growth in the SaaS market, Twilio recently announced that Joyce Kim will join the company as Chief Marketing Officer, reporting to Revenue President, Elena Donio. As Chief Marketing Officer, Kim will lead global marketing as the company pursues its vision to be a leader in the emerging customer engagement category.

“This is an important time for Twilio as we look to measure and embrace this unique opportunity to define a new category in technology,” said Elena Donio, President of Revenue. “With decades of experience in SaaS product positioning, demand generation and large-scale engagement with the developer community, Joyce’s expertise directly lends itself to the leadership of Twilio’s growing, global marketing organization. Joyce is brings a lot of energy to Twilio, and I can’t wait to see what he builds. ”

Another small player in the galaxy, QuantGate Systems Inc., an Artificial Intelligence, Machine Learning, SaaS-based Fintech solutions provider recently announced that it has entered into a Joint Venture agreement with Infocorp Computer Solutions Ltd. a leading payments and integration system for the public sector with Municipal and State/Provincial clients throughout North America, to develop and market fintech solutions worldwide.

From the news: The joint venture aims to develop and distribute fintech solutions for the global financial services market. The two companies have complementary strengths and share a common goal of providing innovative solutions that meet the needs of their customers.

For investors following SaaS stocks and industry movements; Start-ups, VC funding, acquisitions and smart money bet big on this trend.

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