Tagged: digital commerce

Mitch Jacobs from Plink AI Discusses Potential Impact of Automated Commerce on Digital Economy

  Mitch Jacobs, founder & CEO, Plink AI, recently shared key insights with Crowdfund Insider. While commenting on transformative digital technology trends, Jacobs explained that automated commerce is inevitable. Long before Fintech became a transformative development, Jacobs, founder and former CEO of Ondeck and now… Read More

NCR Voyix to Sell Digital Banking to Veritas Capital for $2.45 B Purchase Price

NCR Voyix Corporation (NYSE: VYX), a global provider of digital commerce solutions, and Veritas Capital, an investor at the intersection of technology and government, announced the signing of a definitive agreement under which an affiliate of Veritas has agreed “to acquire NCR Voyix’s cloud-based digital… Read More

Network International and Biz2X Announce SME Financing Partnership

Network International, the enabler of digital commerce, and Biz2X, a global technology and financing fintech in the U.S., India and Australia with over $10 billion USD funded through its digital lending platform, today announced a new SME financing partnership. The primary objective of the partnership… Read More

Investments into Digital Commerce Ecosystem Contracted, Impacted By Inflation and Cost of Living Crisis – Report

Investments into the e-commerce enablement ecosystem contracted in Q1, producing $1.7 billion across 83 deals, marking decreases of 52.2% and 26.5%, respectively, relative to Q4 seasonal increases. This, according to a report from PitchBook. PitchBook further noted that Q1 2024 approached parity “with Q3 2023,… Read More

Mastercard Introduces European Cyber Resilience Centre in Belgium

Breaking new ground in Europe, the Mastercard (NYSE: MA) hub will contribute to further “securing the commerce and payment ecosystem in the region.” Mastercard recently confirmed the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming “the company’s commitment to combatting… Read More

Digital Commerce Market in Philippines to Surge By Nearly 20% in 2024 – Research Report

The Philippines e-commerce market is growing at a fast pace and is expected to surge by 19.6% in 2024, driven by growing consumer preference for online shopping and strong internet penetration, finds GlobalData, a data and analytics company. GlobalData’s E-Commerce Analytics reveals that Philippine e-commerce… Read More

Unified Commerce Solution from Fintech Adyen Selected By Decathlon Hong Kong

Adyen (AMS: ADYEN), the global financial platform of choice for various companies, announced its partnership with Decathlon Hong Kong, one of the world’s “largest” sports goods companies. Adyen is the end-to-end payment solution provider “for Decathlon Hong Kong’s online store, in-app purchases, and all its eight… Read More

UK’s Digital Commerce Firm Collagerie Secures Over £672K via Crowdcube

Collagerie says that it is the modern shopping platform, driving customers through targeted e-commerce and inspirational content. Collagerie says it is “curating the best of fashion, lifestyle and beauty across all price points” Collagerie explains that it creates “an individual shopping journey for everyone.” Based… Read More

Digital Economy Including Payments to Top $1 Trillion in Latam, Africa – Report

Payments platform Ebanx has distributed a report covering some developing markets, predicting that the digital economy – including payments – will top $1 trillion in Latin America and Africa by 2026. As we all know, global consumption is on the rise, and Ebanx says Latin… Read More

Digital Commerce Enablement Startup Ecosystem Experienced Contraction in Deal Value and Count – Report

The e-commerce enablement startup ecosystem has reportedly experienced a modest contraction in both deal value and count in Q3, “totaling $1.6 billion across 93 deals, decreases of 16.3% and 17.0%, respectively,” according to a recent update from Pitchbook. Pitchbook noted that both figures “reflect more… Read More

BNPL Adoption: Buy Now Pay Later Transactions via Afterpay Increased Significantly During Holiday Shopping

Globally, the peak minute of shopping occurred on Black Friday at 2:09 pm ET on November 24, 2023, according to an update shared by Square. Cities with the largest volume of sales were New York, Los Angeles, London, Chicago, and Miami. Over the Black Friday… Read More

UK’s Starling Bank Survey: Consumers Admit to Overspending, Experience Negative Impact of Making Unnecessary Purcchases

The Black Friday sales are fast upon us and while “nearly two thirds (62%) of consumers say they plan to take advantage of the discounts, nearly a third (29%) of people who have shopped over Black Friday in the past have regretted their purchases.” Buyer’s… Read More

Digital Debt Collection Fintech TrueAccord Examines Why Having the Right Collection Partner Equates to Improved Recovery Opportunities

Fintech TrueAccord explains why not having the right collection partner can “equate to missed recovery opportunities tomorrow.” TrueAccord looks into what makes the end of the year such an important time “to evaluate your current collections partner.”  TrueAccord comments on why firms need to evaluate… Read More

Primer, the Infrastructure for Payments and Commerce, Secures Investment from Tencent

Primer, the unified infrastructure for global payments and commerce, has secured investment from the internet company Tencent. Primer claims that it has experienced rapid growth “across Europe, Asia Pacific and the US markets including significant customer wins across retail, fashion, travel and mobility industries with… Read More

Insurtech: Shippo and Cover Genius to Introduce Total Protection, an Insurance Solution for Merchants

Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, today announced a partnership to enhance the merchant experience with the launch of Shippo Total Protection, a solution that “provides merchants with comprehensive protection, global coverage and seamless claims handling.”… Read More

Shift4, a Payments and Commerce Fintech Firm, Completes Acquisition of Finaro

Shift4 (NYSE:FOUR), a global firm focused on integrated payments and commerce technology, has completed its previously announced acquisition of Finaro, a cross-border ecommerce payments provider and fully licensed bank “with a large European presence.” The completion of this acquisition “expands Shift4’s total addressable market both… Read More

Riskified and Plaid to Enhance Risk Protection for ACH Bank Payments

Riskified (NYSE: RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced a partnership and integration with Plaid, the data network powering the digital financial ecosystem. This partnership empowers online merchants, marketplaces, and trading platforms to approve ACH (Automatic Clearing… Read More

Fintech Platform Finastra, ELCY to bring Corporate Trade Finance Portal to Market

Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates. The Corporate Trade Finance Portal from Finastra and ELCY will “enable… Read More

Online Spending Declines as Retailers Brace for Challenging Market Conditions, Airwallex Report Reveals

A spending downturn in the retail and e-commerce sector drove a $2.9 billion YoY nation-wide drop in online spending, according to the Q3 Digital Economy Index from global financial platform Airwallex. The quarterly Airwallex Digital Economy Index “records year-on-year and quarter-on-quarter snapshots of the digital… Read More

Fintech Clearco Raises $60M Series D Led by Inovia Capital and Founders Circle Capital

Toronto-based fintech Clearco announced the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include “a $60M equity raise from existing investors and a new asset-backed financing facility, which provides… Read More

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