MANGOMINT RAISES $35 MILLION SERIES B AND ENTERS MARKETING AUTOMATION TO DRIVE SALON AND SPA PROFITABILITY [Yahoo! Finance]
AVIDBANK HOLDINGS INC (AVBH)
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Source: Yahoo! Finance
funding round and a new suite of marketing automation features specifically designed for beauty and wellness businesses. Since its inception in 2017, Mangomint has focused on improving efficiency and leveraging automation to help independent salon and spa businesses cut costs, save time, and reduce friction in their day-to-day operations. Mangomint's entry into the marketing automation space represents a critical piece of the puzzle in the company's product vision, now enabling small businesses to drive measurable profitability. Driving profitability: the holy grail for small businesses Half of small businesses in the U.S. fail within the first five years (U.S. Bureau of Labor Statistics). In the salon and spa industry, it's no different. In fact, it's often worse. Businesses in this vertical are typically under pressure and defined as low profit. According to Gitnux.org, the salon industry has a net profit margin of around 8.4 percent. Coupled with high operating costs, profitabi
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