Startup spotlight: Vivid – turning spending into rewards | Banks & Challenger Banks – FinTech Magazine – The FinTech & InsurTech Platform

Startup spotlight: Vivid – turning spending into rewards | Banks & Challenger Banks  FinTech Magazine – The FinTech & InsurTech Platform
“startups when:1d” – Google News

I created a full fledged Job Search & Candidate management website in 4 months without spending a single dime. Which I will be launching this Wednesday.

Okay, the title seems click-baity if I don't count the hours working on it. I technically spent $ 0, but worked on it full time 12 hours a day, everyday for 4 months.

Hello r/startup.

Over the past 4 months, I have been spending 12hrs everyday designing, developing, and learning as much as I can to develop my startup. I have been fortunate that my profession is UI/UX and design so I got that covered from the get go. All I needed to learn was backend development, and more front-end.

For the record, I am trying to get into the job search, candidate management space for my country, and move to ASEAN, and then international in the future. As per my research, most of the local players here have very outdated websites, or the other are big players already (linkedin, indeed, etc.), but they lack the features that my Startup has.

At my 4 month mark, I was able to develop a working application with:

  1. Company profiles with job posts
  2. user profiles with user accounts, dashboards, public profiles, experiences, skills, etc
  3. Job applications by candidates, that the company sort through using screening questions, cover letters, etc.
  4. a kanban application created with Vue.js to track which applicant is in in the hiring process (with more features that I am currently developing)
  5. A Social media designer tool for job posts (somewhat similar to canv.as, which got a $ 60 million round by the way.)
  6. Real time chat using vue.js and websockets (local players dont have this functionality as well as the social media, and kanban)
  7. a website that looks GREAT in desktop, as well as in mobile.
  8. Application notification, so when a jobseeker submits an application and the employer checks it out
  9. Company calendar
  10. video interviews

Now, I will be launching my website this Wednesday, and I am just preparing everything in a marketing standpoint

What do I do next?

Everything is all bootstrapped, and I currently don't have investors or anything. What should I keep in mind before a new chapter of my startup opens up?

submitted by /u/bricksandcanvas
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Startups – Rapid Growth and Innovation is in Our Very Nature!

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Quolum announces $2.75M seed investment to track SaaS spending

As companies struggle to find ways to control costs in today’s economy, understanding what you are spending on SaaS tools is paramount. That’s precisely what early stage startup Quolum is attempting to do, and today it announced a $ 2.75 million seed round.

Surge Ventures and Nexus Venture Partners led the round with help from a dozen unnamed angel investors.

Company founder Indus Khatian says that he launched the company last summer pre-COVID, when he recognized that companies were spending tons of money on SaaS subscriptions and he wanted to build a product to give greater visibility into that spending.

This tool is aimed at finance, who might not know about the utility of a specific SaaS tool like PagerDuty, but who looks at the bills every month. The idea is to give them data about usage as well as cost to make sure they aren’t paying for something they aren’t using.

“Our goal is to give finance a better set of tools, not just to put a dollar amount on [the subscription costs], but also the utilization, as in who’s using it, how much are they using it and is it effective? Do I need to know more about it? Those are the questions that we are helping finance answer,” Khatian explained.

Eventually, he says he also wants to give that data directly to lines of business, but for starters he is focusing on finance. The product works by connecting to the billing or expense software to give insight into the costs of the services. It takes that data and combines it with usage data in a dashboard to give a single view of the SaaS spending in one place.

While Khatian acknowledges there are other similar tools in the marketplace such as Blissfully, Intello and others, he believes the problem is big enough for multiple vendors to do well. “Our differentiator is being end-to-end. We are not just looking at the dollars, or stopping at how many times you’ve logged in, but we’re going deep into consumption. So for every dollar that you’ve spent, how many units of that software you have consumed,” he said.

He says that he raised the money last fall and admits that it probably would have been tougher today, and he would have likely raised on a lower valuation.

Today the company consists of a 6 person development team in Bangalore in India and Khatian in the U.S. After the company generates some revenue he will be hiring a few people to help with marketing, sales and engineering.

When it comes to building a diverse company, he points out that he himself is an immigrant founder, and he sees the ability to work from anywhere, an idea amplified by COVID-19, helping result in a more diverse workforce. As he builds his company, and adds employees,  he can hire people across the world, regardless of location.

Startups – TechCrunch

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