Building a white label tool for telemedicine services nabs OnCall Health $6 million

As medical providers across the world turn to digital delivery of consultations and services, OnCall Health, a Toronto-based provider of back-end services for telemedicine, is having a moment.

The company, which competes with services like Truepill to offer physicians, pharmacies and other potential point of care services a way to consult online, has grown exceptionally quickly since the onset of the COVID-19 pandemic.

OnCall Health’s services include the ability to schedule a video or text appointment with a physician, hosting those video consultations on its secured servers, and the integration of back-end billing systems so physicians can get paid.

Services like OnCall and Truepill’s have increased exponentially since the advent of lockdown orders put in place to combat the COVID-19 pandemic. In a sign of how hungry investors are for these kinds of deals, Truepill just raised $ 75 million to expand its own health services offerings.

“Since COVID-19, telemedicine has shifted from a nice-to-have revenue source for primary care, mental health and home care and chronic conditions to a need-to-have,” said Base10 Partners principal Chris Zeoli, who led the investment into OnCall.

Joining Base10 in its $ 6 million investment into OnCall were several existing investors from the company’s $ 2 million seed round, including Ripple Ventures, Panache Ventures and Stout Street Capital.

The bulk of the company’s customers come from small and medium-sized physician’s practices, according to Zeoli. Roughly 500 of the company’s existing customers consist of offices with fewer than 10 practicing doctors.

Capturing this long tail is important because it actually represents a huge proportion of healthcare providers.

“OnCall provides everything that healthcare brands like pharmaceutical companies, insurers and direct to consumer digital health startups need to get into the space and launch their own virtual care programs, often for the first time,” said Nicholas Chepesiuk, founder and CEO of OnCall Health. “Meanwhile, we are well-positioned to help conventional healthcare clinics and systems adopt virtual care technology in the context of their operational processes. In the past year we have been able to roll out our technology with two global insurance companies, several leading pharmaceutical brands, and many rapidly growing digital health startups.”

OnCall now has over 30 employees and supports 7,000 primary care, mental health and paramedical service providers across North America.

Startups – TechCrunch

Distributed Services Company…is staying local a Niche?

If someone was running a services company (B2C) and was interested in running marketing campaigns for it… Where there wasn't a niche per se but there was a need for these services writ large….

Does it make sense for this online business (which has a distributed team)…. To begin the marketing campaign localized in one metropolitan area, city, county, etc.? Kind of own/dominate that area and then move on to adjacent areas? Or does it make more sense to cast a wider net and see what you can get based on other targeting criteria?

For example, if I ran a tax prep company or similar type of service with no physical location…should I still start targeting local with things such as google ads, etc. or cast a wider net to anyone in the country and try to get as many clients as possible that way?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

EMPLOYMENT SCREENING SERVICES MARKET 2020 GLOBAL INDUSTRY SIZE, KEY PLAYERS (INSPERITY, GOODHIRE, HIRERIGHT, ADP LLC, EXPERIAN, STERLING INFOSYSTEMS, FIRST ADVANTAGE, PRE-EMPLOY, CAPITA PLC, REED, PAYCHEX, CAREERBUILDER, PAYCOR) | DEMAND FORECAST 2025 – The Daily Chronicle – The Daily Chronicle

EMPLOYMENT SCREENING SERVICES MARKET 2020 GLOBAL INDUSTRY SIZE, KEY PLAYERS (INSPERITY, GOODHIRE, HIRERIGHT, ADP LLC, EXPERIAN, STERLING INFOSYSTEMS, FIRST ADVANTAGE, PRE-EMPLOY, CAPITA PLC, REED, PAYCHEX, CAREERBUILDER, PAYCOR) | DEMAND FORECAST 2025 – The Daily Chronicle  The Daily Chronicle
“nigeria startups when:7d” – Google News

[Zoomcar in Express Drives] Zoomcar partners with Pascos for pan-India distribution of Zoomcar Mobility Services

Zoomcar and PASCOS partnership will help distribute the Zoomcar Mobility Services tech stack which focuses on reducing operating costs, enhancing safety, increasing vehicle monetization and improving customer engagement.

Read more here.

The post [Zoomcar in Express Drives] Zoomcar partners with Pascos for pan-India distribution of Zoomcar Mobility Services appeared first on OurCrowd Blog.

OurCrowd Blog

I am from a developing country with low labour rates (even skilled labour). I am interested in starting a Business process outsourcing business or a online business where professionals provide services through internet. Can someone give me some idea how to start this?

I want to know how to find clients, what resources i have to find etc.

This is just a preliminary idea, I have done some research and still collecting information.

I can find some investments, and employees. I am also hoping to consult some industry expert if I feel that this is a viable project.

Appreciate your help.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Ransom DDoS is now a global problem. Phish hooks in legitimate file-sharing services. Warner Music discloses breach. – The CyberWire

Ransom DDoS is now a global problem. Phish hooks in legitimate file-sharing services. Warner Music discloses breach.  The CyberWire
“nigeria startups when:7d” – Google News

This Amsterdam-based fintech secures over €840K for developing blockchain tech in financial services

Those who delve into the world of cryptocurrency and blockchain know how secure the service is. While the concept of cryptocurrency itself shook up the financial world, blockchain technology opened up a whole new avenue for new applications. The Amsterdam-based fintech Dusk Network is one such company that offers innovative financial products and services in the blockchain ecosystem. The startup has now secured over a whopping €840,000 from iFinex Inc for its project of bringing new innovative technologies to the market.

Funding to enable creation of regulated Security Token exchange

The latest funding round for Dusk Network was led by iFinex Inc and the company invested over US$ 1 million. With the latest funding round, the startup is poised to create a regulated Security Token exchange. When Dusk Network launches, it will be part of the first regulated security token exchange that combines the traditional financial industry with the blockchain ecosystem. 

Paolo Ardoino, CTO at Bitfinex, has followed the venture closely since the very beginning. He says, “When launched, Dusk Network will be among the first compliant blockchain platforms for securities,” he said. “Dusk Network will bring the benefits of tokenization to the regulated market.’’

Perfectly timed collaboration for the DeFi movement

The latest collaboration is perfectly timed and goes perfectly with the current trend of DeFi, or Decentralized Finance. The DeFi approach backs the use of technology such as blockchain to transform the financial sector into a fair and affordable place for all kinds of businesses and investors. The know-how and user base of Bitfinex, the digital asset exchange owned by iFinex Inc., and the compliance and technology of Dusk Network, are closely aligned with the DeFi philosophy.

Jelle Pol, Business Director at Dusk Network, said: “With iFinex’s involvement, we add the experience and user base of one of the largest successful entities in the blockchain industry.“

The exchange project is designed to bring liquidity and transferability to assets, via digitisation of securities.  This move is also expected to enable a wider, qualified investor audience to chip into previously inaccessible opportunities and bring wholly new assets to market. The profile of listable assets include Exchange Traded Funds (ETFs), shares and bonds, commodities, as well as novel assets native to the blockchain.

Privacy blockchain for financial operations

Being a privacy blockchain for financial applications, Dusk Networks aims to set a new standard for compliance, control and collaboration. The company was founded back in 2018 by tech entrepreneurs Emanuele Francioni and Fulvio Venturelli who joined forces with business experts Jelle Pol, Pascal Putman and Mels Dees. The company went public in the first half of 2019, after raising  €7.4 million in 2018.

This article is produced in collaboration with StartupAmsterdam. Read more about our partnering opportunities.

Main image credits: Dusk Network

The post This Amsterdam-based fintech secures over €840K for developing blockchain tech in financial services appeared first on Silicon Canals .

Startups – Silicon Canals

This Amsterdam-based fintech secures over €840K for developing blockchain tech in financial services

Those who delve into the world of cryptocurrency and blockchain know how secure the service is. While the concept of cryptocurrency itself shook up the financial world, blockchain technology opened up a whole new avenue for new applications. The Amsterdam-based fintech Dusk Network is one such company that offers innovative financial products and services in the blockchain ecosystem. The startup has now secured over a whopping €840,000 from iFinex Inc for its project of bringing new innovative technologies to the market.

Funding to enable creation of regulated Security Token exchange

The latest funding round for Dusk Network was led by iFinex Inc and the company invested over US$ 1 million. With the latest funding round, the startup is poised to create a regulated Security Token exchange. When Dusk Network launches, it will be part of the first regulated security token exchange that combines the traditional financial industry with the blockchain ecosystem. 

Paolo Ardoino, CTO at Bitfinex, has followed the venture closely since the very beginning. He says, “When launched, Dusk Network will be among the first compliant blockchain platforms for securities,” he said. “Dusk Network will bring the benefits of tokenization to the regulated market.’’

Perfectly timed collaboration for the DeFi movement

The latest collaboration is perfectly timed and goes perfectly with the current trend of DeFi, or Decentralized Finance. The DeFi approach backs the use of technology such as blockchain to transform the financial sector into a fair and affordable place for all kinds of businesses and investors. The know-how and user base of Bitfinex, the digital asset exchange owned by iFinex Inc., and the compliance and technology of Dusk Network, are closely aligned with the DeFi philosophy.

Jelle Pol, Business Director at Dusk Network, said: “With iFinex’s involvement, we add the experience and user base of one of the largest successful entities in the blockchain industry.“

The exchange project is designed to bring liquidity and transferability to assets, via digitisation of securities.  This move is also expected to enable a wider, qualified investor audience to chip into previously inaccessible opportunities and bring wholly new assets to market. The profile of listable assets include Exchange Traded Funds (ETFs), shares and bonds, commodities, as well as novel assets native to the blockchain.

Privacy blockchain for financial operations

Being a privacy blockchain for financial applications, Dusk Networks aims to set a new standard for compliance, control and collaboration. The company was founded back in 2018 by tech entrepreneurs Emanuele Francioni and Fulvio Venturelli who joined forces with business experts Jelle Pol, Pascal Putman and Mels Dees. The company went public in the first half of 2019, after raising  €7.4 million in 2018.

This article is produced in collaboration with StartupAmsterdam. Read more about our partnering opportunities.

Main image credits: Dusk Network

The post This Amsterdam-based fintech secures over €840K for developing blockchain tech in financial services appeared first on Silicon Canals .

Startups – Silicon Canals

How to go about referrals for 3PL Fulfillment Services?

Disclaimer: I run a fulfillment center in Utah specializing in scaling small to mid-size businesses.

I'm curious how one would go about both finding referrers and compensating for a referral service? We do our own marketing and sales, but want to find unique ways to reach potential partners. The referrals would obviously be e-commerce companies looking for order fulfillment services.

Any thoughts appreciated!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Payments services company Finix adds $30 million to its Series B

Finix, a startup that provides payments-related services to other companies, announced it has extended its Series B financing with a $ 30 million investment led by Lightspeed Venture Partners and American Express Ventures.

The fintech startup has now raised more than $ 96 million in venture capital. According to CEO and co-founder Richie Serna, $ 90 million of that total was grabbed in the last year alone.

Finix declined to disclose its revenue, revenue growth, new valuation, current profitability or number of customers in an interview with TechCrunch. Serna was willing to disclose that Finix’s transaction volume more than quadrupled from Q2 2019 to Q2 2020 as a comp for customer growth, but declined to be more granular regarding the changing data.

Finix helps other startups set up their own payment processing infrastructure systems in-house. Sometimes, businesses will go to a company like Stripe, which collects processing and transaction fees, to add payments to their service. Finix helps businesses bring Stripe -esque services and payment infrastructure in-house. The idea is that companies can thus pocket the extra change that third-party payment providers would have otherwise cut away from transactions, minus the cost that Finix charges them.

Finix works as the plumbing inside of a startup, while a company like Stripe is more similar to a plug-and-play system.

It would be fascinating to know Finix’s customer breakdown, because the information would help provide a sense of how healthy its business is today. The company makes money by charging customers a software fee and a sliding fee based on the number of payments it processes. Even though it doesn’t make money on a per-transaction basis, it does benefit from customers that have high transaction volume.

Finix’s sweet spot for ideal customers was once businesses in the $ 50 million in transactions per year bucket, it has said. Serna would not comment on if its focus has changed.

Finix recently launched Flex, a new underwriting model that is aimed at helping businesses on archaic systems reduce switching costs between payment providers.

“We want to basically be the payment provider for a company at any stage of their high growth or stabilized growth perspective,” he said.

The new cash will be used to double Finix’s team of 85 people by mid-2021.

The fintech world was unevenly impacted by the coronavirus pandemic, which remains ongoing. Startups helping small mom-and-pop stores bring on money, like Square, likely saw sector-specific dips in transaction volume as people stayed at home and some businesses shuttered.

Finix sits on the other side of payments, enabling online merchants and apps to bring on payments. The boom in e-commerce amid these unprecedented times might be why a business like Finix is growing like it is 2019. As another data point, Serna said its total customers have grown monthly.

Serna, again noting Finix’s transaction volume multiple of 4.5x from Q2 2019 to Q2 2020, says that the coronavirus pandemic has not confronted the business with “many challenges.”

For now, it appears, Finix’s extension round is a story of strength versus survival.

Startups – TechCrunch