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2021’s Startups of the Year , and it seemed as if it could never be topped. Until now. was a huge success The 2023 Startups of the Year was a global phenomenon. Over were nominated and fought for the right to be called the Startup of the Year. Over 600,000 votes later, the dust has settled, and the winners are ready to be declared. 30,000 startups And one of the regions with the most excitement and energy was South America. Let’s take a look and celebrate the . Startups of the Year in South America Startups of the Year in South America Rio de Janeiro, Brazil The Startup of the Year in Rio de Janeiro is with 37 votes! Insidemetrics Bogota, Colombia The winner in is with 25 votes! Bogota TPAGA Antioquia, Colombia emerged as the winner in with 87 votes! Thousand Antioquia State of Rio Grande do Sul, Brazil takes the cake in the ! DoctorCondo State of Rio Grande do Sul Goiania, State of Goias, Brazil The Startup of the Year in is with 42 votes! Goiania Intelijus Fortaleza, State of Ceara, Brazil emerges victorious in ! TEAMGUIDE Fortaleza Buenos Aires, Argentina The winner in is with 191 votes! Buenos Aires Tributo Simple Belo Horizonte, Brazil The Startup of the Year in is ! Belo Horizonte Fluna State of Minas Gerais, Brazil, In the , came out the winner! State of Minas Gerais 42 codelab Montevideo, Uruguay is the winner in with 127 votes! Light-it Montevideo Santiago, Chile With 376 votes, is the Startup of the Year in ! UpGirl Santiago Santa Cruz de la Sierra, Santa Cruz Department, Bolivia is the Startup of the Year in ! MTCorp Santa Cruz de la Sierra Medellin, Colombia The winner in is with 60 votes! Medellin Cogniflow Lima, Peru emerged victorious in with 33 votes! GetLavado Lima Quito, Pichincha Province, Ecuador The Startup of the Year in is ! Quito Reliv Florianopolis, State of Santa Catarina, Brazil, is the winner in ! DataSpoc Florianopolis Valencia, Venezuela In , the Startup of the Year is ! Valencia Riskallay Bucaramanga, Santander, Colombia is the winner in ! Optimify Bucaramanga Cali, Valle del Cauca, Colombia The Startup of the Year in is ! Cali Bitsports Sao Paulo, Brazil With 217 votes, is declared the winner in ! Klever Sao Paulo Cordoba, Argentina The Startup of the Year in is ! Cordoba Quantex Colombo, Brazil The winner in is ! Colombo Callerwise Porto Alegre, Rio Grande do Sul, Brazil is the Startup of the Year in ! Trabalhem Porto Alegre Recife, State of Pernambuco, Brazil is the winner in ! iBoltt Recife Caracas, Capital District, Venezuela In , comes out the winner! Caracas Cygnus Valle del Cauca, Colombia is the Startup of the Year in ! Monitev Valle del Cauca Escazu, San Jose Province, Costa Rica is the Startup of the Year in NextControl Escazu, San Jose Province, Costa Rica Congratulations y’all. We will contact you with details on your winnings! See the global and other regional announcements . here About HackerNoon’s Startups Of The Year Startups of The Year is HackerNoon’s Flagship community-driven event celebrating startups that survived and thrived in 2023. 30,000 startups across 4200+ cities and six continents participated in 2023 to be crowned the best startup in their city. Visit our page to learn more. FAQ Companies that blog more get 67% more leads - Jumpstart your company’s blogging journey by purchasing our . Business Blogging Package The 2023 Startups Of The Year is sponsored by: . . The winners will get a free .Tech Domain, a HackerNoon NFT, and a Tech Company News Page. TECH Domains

Startups of the Year 2023: Winners of South America

The SaaS market keeps soaring rapidly, and global is expected to reach $232 billion by the end of 2024, a testament to its widespread adoption across industries. But within SaaS, there is a field-specific approach - vertical SaaS, a customized fit that addresses the individual demands and challenges of concrete sectors. SaaS revenue Vertical SaaS emerges as a beacon of specialization and customization as the continues its meteoric rise. While horizontal SaaS solutions provide broad functionality applicable across various sectors, Vertical SaaS takes a surgical approach, crafting bespoke applications finely tuned to the demands of markets. SaaS business model This tailored strategy not only ensures alignment with sectoral workflows and regulations but also fosters deeper engagement and loyalty among users. In an era where personalization reigns supreme, Vertical SaaS exemplifies the power of niche focus within the expansive , driving innovation and value creation in specialized domains. SaaS ecosystem Vertical SaaS Benefits As industries become more specialized and competitive, the need for customized software solutions is growing. In this setting, Vertical SaaS is a valuable asset, offering targeted features and unmatched advantages: Field-Specific Functionality: It is focused on selected fields and meets their requirements. It streamlines workflows, manages teamwork, and solves problematic issues faced by. Cost Savings Opportunities: While SaaS may have a higher upfront cost due to its specialization, it provides long-term savings; Tailored decisions reduce unnecessary features and expenses. Reduced Competition: This operates in a niche, facing less direct competition. This allows providers to focus on quality and industry expertise. Low Customer Churn: Custom solutions lead to higher customer satisfaction and retention. Customers appreciate tailored features that align with their unique requirements. High Growth Potential: With the development of the technology landscape, Vertical SaaS can adapt and expand within its niche. The potential for growth remains significant. Increased Customer Trust: Field-focused solutions build trust with customers. Companies value suppliers who understand their business needs. Difference From Horizontal SaaS Model Vertical SaaS and horizontal SaaS represent divergent strategies in software delivery, tailored to meet distinct market demands. Horizontal SaaS provides versatile solutions with broad industry applicability, fostering adaptability and scalability. Conversely, Vertical SaaS focuses on finely tuned offerings crafted for niche markets, tackling specialized challenges with exactitude. This comprehension is pivotal for businesses aiming to maximize the efficacy of software investments and harmonize them with strategic goals. Delve deeper into the unique traits of these methodologies in the subsequent analysis: Industry Focus: Vertical SaaS is­ highly specialized to mee­t the unique require­ments, regulations, and workflows of particular sectors, such as he­althcare, finance, or real e­state. In contrast, horizontal SaaS offers broad functionalities that are­ applicable across diverse fields. Functionality: Ve­rtical SaaS platforms are designed with a spe­cific area focus. They streamline proce­sses, manage workflows, and tackle spe­cialized missions within a particular vertical. On the othe­r hand, horizontal SaaS solutions offer a more extensive spectrum of ge­neral business functions that can be used and use­d across various sectors. Customization: Vertical SaaS are­ easy to configure, and tailored to the unique­ needs of the spe­cific field they serve. They provide targeted solutions that close­ly align with the industry's requireme­nts. Horizontal SaaS, on the other hand, gene­rally offers more standardized fe­atures and configurations that cater to a broader audie­nce. While they may have­ some customization options, the leve­l of customization is typically lower compared to Vertical SaaS. Compe­tition: Vertical SaaS operates within a niche­ market, facing less direct compe­tition due to its specialized nature­. This allows providers to focus on delive­ring quality and establishing themselve­s as industry experts. Horizontal SaaS faces more­ competition in the broader marke­t, with numerous providers offering similar ge­neral-purpose solutions. This competition can be­ intense, leading to price­ wars and commoditization of services. Customer Base­: Vertical SaaS attracts customers in these sectors who value targeted decisions that match their goals. Horizontal SaaS appeals to a diverse array of businesses across industries, attracting customers looking for versatile tools that can be applied to different aspects of their operations. Examples of Vertical SaaS Companies Riskalyze (Nitrogen Platform) Financial Services Industry: Riskalyze provides a Vertical SaaS solution that helps financial advisors: Product: Manage 401(k) plans; Analyze investment risks; Create investment portfolios. Notable Feature: Their alignment tool allows advisors to measure risk capacity and tolerance, as well as portfolio risk on a scale from 1 to 991. It empowers firms to transform fearful investors who make bad decisions into fearless investors who make great decisions. These great decisions fuel advisory firms to deliver amazing long-term financial outcomes, turning prospects into lifelong clients. Applied Epic Insurance Industry: Applied Epic is a cloud-based software designed for independent insurance agencies. It offers a comprehensive suite of features to streamline agency operations and enhance efficiency. Product: Notable Feature: Applied Epic provides automated workflows that allow agencies to manage various aspects of their business seamlessly. These workflows cover: Property management; Sales tracking; Revenue management; Customer service deliveries; Integrated group texting; Data control. Users appreciate Applied Epic’s user-friendly dashboard that simplifies navigation and access to critical information. The software’s intuitive design ensures that insurance professionals can efficiently handle day-to-day tasks. Applied Epic empowers insurance agencies to operate easily, manage properties, track sales, and handle revenue—all within a single platform. ClearCare Industry: Health and Care. Product: ClearCare, based in the United States, provides a health and care solution. They offer: Electronic medical care records; 100% automatic labs for ease and swiftness. ClearCare's client relationship management software assists home care agencies by streamlining electronic health care records, including e-charts, e-prescriptions, and automated lab processes. By offering field-specific functionality, ClearCare exemplifies the power of vertical SaaS in meeting the distinct demands of healthcare providers.

What Is a Vertical Saas?

Sassing it up! In today’s tech landscape innovation is . What do I mean by this? It’s harder than ever to create new ideas to start new businesses for new services. This makes innovation scarce. At the same time the successful ideas which come forth are almost always revolutionary in their niche or area, thus making them profitable. both profitable and scarce Businesses are always continuing and evolving. Why? Because the consumers and end-users are growing and changing. Businesses need to adapt. Businesses need to learn. They must succeed. This is already a given for the likes of etc. They have enough monetary reserves to backup their ideas both bad, good and all. They also have established businesses and main products. Lets think about the small-medium enterprise workers.  They are the ones who are still working out their main products. What decisions do they have to make to adapt themselves to their business environment and consumers? Meta, Dell, IBM In terms of consumer/end-user studying the methods are all the same. As an example, a company, both big and small, could get data of target demographic and their habits, analyse how their product fits into their life and work flow etc. That will tell you your end result profit over whatever amount of time you want to. Big enterprise don’t need to worry about their business model or tech stack. On the other hand, small-medium tech enterprises have to be very careful when picking their tech stack and their business model. Are they a SaaS company, like Salesforce? Ad revenue based company, like Meta? Are they basing themselves more off a donation model, like Mozilla Foundation? Let’s not beat around the bush any longer……..SaaS is the future and present of all small to medium enterprise at this moment in time and for the future. SaaS companies are also currently the best way for startups to go and already established enterprises. On had to say about the SaaS market: explodingtopics.com Josh Howarth this “There are insights into the SaaS market: five key There are currently approximately 30,000 SaaS companies. The has the largest proportion of SaaS companies ( ). US around 60% Including repeat users, the US has around SaaS customers. 54 billion has the largest SaaS market share at just under . Salesforce 10% The SaaS market is predicted to reach a valuation of by $307 billion 2026. “ In the past it was almost mandatory, for you, a young entrepreneur to make a new technology or method that does something which people will pay subscriptions for. It was harder at that time to make SaaS companies because of the technological hurdles. Now? It’s hard to find a SaaS company which isn’t already in the niche you want to get into! The solution? Vertical-SaaS! Niche of Niches We know what a SaaS is but what’s a vertical-SaaS? vertical-SaaS as: Staxpayments defines Vertical SaaS is an emerging branch of software solutions tailored to specific industries or niches—as opposed to software for generic business needs like CRM, project management, or accounting (otherwise known as horizontal SaaS) Upon reading that you may think to yourself “wait a minute isn’t that just regular SaaS with specific steps?”. The answer is Yes it is. Regular SaaS companies target your needs and charge you for it. Vertical-SaaS companies target the most specific points of yours to monetize. Whether you’re a business or an individual. YES! An example of a regular SaaS is Spotify, You pay to to easily find music and stream that said music. Let us list 5 examples of vertical SaaS to really drive the message across on what they are and how they operate: This vertical-SaaS is a payment management software. It hyper specialises in construction payments. Textura: This vertical-SaaS helps with money management. Very specifically, it was made for only assisting financial advisors. Riskalyze: This vertical-SaaS helps businesses streamline their operations. However, they very specifically target the businesses regulatory affairs and clinical data. Veeva: This might be the most special on this list. This vertical-SaaS works as a feedback management solution, however, it is a feedback management solution which is specifically made for other SaaS companies. That is right. It is a SaaS that is “ ” off other SaaS companies. Upvoty: Sassing This SaaS works with media photo sizes. They make it so all photos you take are shared at their original quality and specifically their original sizes no matter who you send it too. It’s a vertical-SaaS literally built to handle photo sizes……we end this list with a specific app even among other vertical-SaaS companies. DropEvent: of the vertical-SaaS companies aforementioned above are on the up and up. How do we know this? Well vertical-SaaS startups are the go to for a growing number of young entrepreneurs. Why? because the money and opportunities are there. At the end of 2022 had ALL Fractal Software this to say about vertical-SaaS as an industry: Since January , the total market cap of the Vertical SaaS Index has grown by and Fractal’s vertical SaaS index remains above its pre-pandemic highs. Over the past years, the total LTM revenue of the companies in the index has doubled from 2020 30% 2 $14.9B to $29.5B. Not only did they state this, emphasising an obvious accelerated growth in the industry but they also stated this shortly after: Of the companies that existed in the Vertical SaaS Index in January , only have seen a decline in market capitalization as of . Of the companies whose market cap increased during this time period, the median increase in market cap was . 12 2020 3 November 29, 2022 27% Overall what can we take from Fractal software’s article? It’s that vertical-SaaS companies are ever growing in terms of number and industry power. The ones which will see a decline will regain their previous strength sooner rather than later. As of companies were increasing their average market cap by . Granted this might not be a reasonable estimation as some companies get much greater evaluation than others so this might greatly skew the data. Regardless the smaller companies are still growing, arguably even much more than their SaaS in the industry. 2022 27% normal counter-parts From a personal standpoint I also have reason to believe vertical-SaaS products will work. not just from the various different developers I talk to regularly but even partially because of the content shown through social media. We all get affected by social media but this time it was the good type of affection. It made me realise the power of vertical-SaaS. Who do I specifically mean? On there is a by the name who has over 20 thousand followers. He posts videos talking about the benefits of SaaS and young developers and entrepreneurs getting involved in SaaS building. Unbeknownst to him almost all the SaaS companies he’s made or references are actually vertical-SaaS companies! There is a strong and growing trend of young startup builders building vertical-SaaS companies and it’s only going to grow! TikTok young developer @saasgod Remember if it ain’t SaaS, it wont last!

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