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We’re excited to announce that Vera has been named to the 2024 SMBTech 50, an annual list curated by Notable Capital in collaboration with 25 venture capital firms and the Nasdaq. This list celebrates the growth and potential of venture-backed technology startups that are transforming the way small and medium-sized businesses (SMBs) operate.
“This year's SMBTech 50 list showcases startups reshaping how small businesses operate, from AI-driven efficiency tools to market-expanding platforms.”
said Chelcie Taylor, Investor, Notable Capital.
We’re honored to stand alongside innovative companies like Anthropic, Canva, Gusto, and Stripe, all of whom are making a significant impact on the SMB ecosystem.
Why It Matters for SMBs
At Vera, our mission is simple: to free SMBs from the burden of admin so they can focus on growing their businesses. SMBs are the backbone of our economy—they make up 99% of all businesses and employ nearly half of the private sector workforce.
Despite their crucial role, SMBs are often underserved and overwhelmed by administrative tasks that disproportionately impact them compared to larger companies. For instance, the average SMB spends 120 working days per year on admin alone.
How Vera Is Changing the Odds for SMBs with AI
We understand the challenges small businesses face because we've experienced them firsthand. We're driven by the belief that administrative tasks have become an unnecessary drain on SMBs' most valuable resources—time and talent.
With advanced AI techniques, Vera aims to automate 95% of an SMB's back-office—from managing your inbox and sharing information with your accountant to staying compliant with government regulations. By using AI to handle these low-value but essential tasks, Vera enables SMBs to unlock their true potential and focus on what matters most.
“We're incredibly excited about this announcement, not just because we're recognized, but because it highlights the growing importance of SMBs as a market to serve. We believe that SMBs should have access to high quality services and tools that help level the playing field that traditionally have only been available to enterprise businesses.”
said Simon Holland, Founder and CEO of Vera.
Looking Ahead: What’s Next for Vera
In the coming months, we’ll be rolling out additional integrations and launching new services designed to make managing the back-office smoother and simpler than ever.
This recognition is a testament to our team’s hard work and the trust our early customers have placed in us. But most importantly, it’s a win for all the small businesses that deserve better partners to help them succeed.
To our customers who have already integrated Vera into their operations—thank you. If you’re new to Vera and interested in experiencing our services, we invite you to join the waitlist