Caroline Hyde

Well, I think competition is healthy and we're really excited to see our products go head to head.

I think it's going to be wonderful for consumers in our industry, but isn't that an amazing spot to be in after a decade of building this, that now we have some viable approaches here.

So you've also made it clear that this is a software-first approach.

We've seen a massive sell-off in software stocks as a result of the disruption from AI.

Has that led to any questioning that that is the right approach?

Have you had any investors putting pressure on in terms of proving that you can be generating recurring revenue and profitability?

And you'll have pricing power?

100%.

That was Wave CEO Alex Kendall speaking with Bloomberg Tech's Tom McKenzie.

Check out more of Bloomberg Tech Europe on the Bloomberg Terminal and online.

Okay, coming up, we're going to speak to Sequoia partner Alfred Lin, who joins us with the CEO of his new portfolio company, Rowspaces, Michael Manipat.

That's next.

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Roseface, an AI startup designed to help financial services firms make better use of their own data, has launched today.

$50 million in seed and Series A funding led by Sequoia.