Despite the global economic slowdown, the software-as-as-service (Saas) boom shows no sign of running out of steam. Data from market research specialist Gartner suggests global spending on SaaS solutions will reach $195 billion his year, up from $146 billion in 2021. A BetterCloud survey found the typical company is now using an average of 130 apps bought and paid for on a SaaS basis.
No wonder that business is booming for ventures such as Spendflo, which helps organisations to get a handle on the way they buy and manage their subscriptions. Spendflo, first featured in Forbes less than a year ago, is today announcing an $11 million Series A