Tagged: e-commerce

Subscription E-Commerce Platform ReCharge Scores $277 Million Through Series B Funding Round Led By Summit Partners, ICONIQ Growth, & Bain Capital Ventures

  ReCharge, a U.S.-based subscription e-commerce platform, announced on Thursday it scored $277 million through its Series B investment round, which was led by Summit Partners, ICONIQ Growth, Bain Capital Ventures. Founded in 2014, ReCharge claims to be the leading provider of subscription management software… Read More

SaaS and Digital Commerce Subscription Service Chargebee Secures $125M via Series G Co-led by Sapphire Ventures, Tiger Global

Chargebee, a subscription billing and revenue management platform, revealed on Tuesday (April 20, 2021) that it has closed a fresh round of $125 million in series G funding. Chargebee‘s round was co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture… Read More

Digital Commerce Investor Clearbanc Rebrands to Clearco, Company Announces $100M in New Series C Equity Funding

Clearbanc, a leading digital commerce investor and the company “revolutionizing the way founders grow their businesses,” revealed on Tuesday (April 20, 2021) that it will be rebranding. The company also announced a $100 million in new Series C equity funding to support its ongoing growth… Read More

Hybrid Investment Platform Upper90 Secures $55 Million in Equity Funding Focused on E-Commerce Companies

Upper90, a U.S.-based hybrid investment platform, recently announced it raised $55 million in equity funds, which are dedicated to e-commerce businesses. According to Upper90, the new fund will invest equity in approximately 15 e-commerce companies with an emphasis on businesses that are acting as digital franchisors… Read More

BNPL Fintech Affirm Reveals that Buy Now, Pay Later Accounted for Record $24B in US Consumer Spending Last Year

BNPL Fintech Affirm (NASDAQ:AFRM) notes that last year’s holiday shopping season set many digital commerce records, including in its “volume of purchases” made through Buy Now, Pay Later (BNPL) services. Affirm cites Salesforce data which reveals that BNPL transactions surged 109% when compared to the… Read More

$600 Billion Lost to Payment Declines Last Year, According to Analysis from Digital Commerce Fraud Prevention Fintech Riskified

The team at Riskified, provider of an “all-in-one” e-commerce fraud prevention solution and chargeback protection service for “high volume and enterprise merchants,” notes that digital commerce businesses spend most of their budget on “customer acquisition, focusing on getting consumers to hit the ‘buy’ button.” While… Read More

Real-Time Account Payout Features Now Supported by Pakistan’s Faysal Bank via Western Union Partnership

Western Union, a leading provider of cross-border, cross-currency money transfer services, is teaming up with Pakistan’s Faysal Bank in order to improve its real-time bank account transaction network. Receivers of global money transfers in Pakistan can take advantage of Western Union’s real-time account payout feature… Read More

Mexico-Based E-Commerce For Cars Platform KAVAK Raises $485 Million Through Series D Funding Round Led By D1 Capital Partners, Founders Fund, Ribbit, & BOND

    Kavak, a Mexico-based e-commerce platform for buying and selling pre-owned cars, has raised $485 million through its Series D investment round, which was reportedly led by D1 Capital Partners, Founders Fund, Ribbit, and BOND. According to TechCrunch, the latest investment round brings Kavak’s… Read More

BNPL Fintech Affirm Partners Digital Commerce Investor Clearbanc to Provide Financial Tools for Businesses

Buy Now, Pay Later or BNPL Fintech Affirm (NASDAQ:AFRM), which is now a “remote-first” company with most of its roles being carried out anywhere in the U.S. and Canada (with the exception of Quebec), has teamed up with Clearbanc in order to help clients power… Read More

Microfinancing and Microinsurance Platform Aspirasi to Offer Seamless All-Digital Financing Options to Online Consumers

Aspirasi, an online micro-financing and micro-insurance platform operating under Axiata Digital, is providing a more convenient and all-digital financing option for online consumers via Aspirasi CashNow. Now available via digital commerce platform Lazada Malaysia, Aspirasi CashNow is currently open for applications to all Malaysia-based residents… Read More

Engage People CTO Len Covello Provides Key Insights on how Loyalty Points are “Often-Overlooked” Alternative Payment Option

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We recently caught up with Len Covello, CTO at Engage People, a global loyalty tech company. Covello explained how loyalty points are an often-overlooked alternative payment option. Covello talked about how the demand for having the flexibility to pay with points as easy as credit… Read More

Fintech Become, an Online Lending Platform for SMEs, Shares Insights on Customer Satisfaction and Digital Commerce

Fintech firm Become, an online lending platform for SMEs, has shared insights on what may be considered the “real value” of creating a happy or satisfied customer. According to Become, that really is “the million-dollar” (or now billion-dollar due to inflation) question in the world… Read More

Modulr Comments on how Fintech Is “Driving Next Evolution” of Vertical SaaS Businesses

Modulr, a Payments as a Service API Platform for digital businesses, notes that they’re seeing the rise of the infrastructural Fintech. The company claims to have “front row seats” to see how Software as a Service companies (and customers) are adding various financial services to… Read More

Smart Payments Provider Credorax Explains how Local Payment Methods can Seamlessly Settle Transactions

Credorax, a “smart” payments provider and “fully-licensed” bank offering cross-border processing for digital commerce and omni-channel payments, notes in a blog post that local payment methods (LPMs), also called alternative payment methods (APMs), are now “disrupting cards’ long-held dominance over the payment landscape.” Maya Shilo-Feldman… Read More

E-Commerce Marketplace Jane Announces Integration With Klarna to Offer Flexible Payment Options

  Jane, a U.S.-based e-commerce curated boutique marketplace, recently announced it has integrated with payment processing and global retail banking platform Klarna to offer customers Klarna’s pay in four solutions at checkout. Jane shoppers will now have the ability to purchase the latest in women’s fashion… Read More

US Retail Sales, Excluding Automotive and Gasoline, Surged 4.6% YoY, Online Sales Up 54.7%, Mastercard Reports

Mastercard (NYSE:MA) reveals that February 2021 was yet another huge month for digital commerce, which increased 54.7% year-over-year (YOY). Mastercard pointed out that despite the “inclement weather” felt across many parts of the country this past month, US retail sales (excluding automotive and gasoline) surged… Read More

Silicon Valley Fintech Brex Launches Instant Payouts Feature, Now Available for Sellers on Shopify and Amazon

Fintech Unicorn Brex has announced the launch of its Instant Payouts feature, which is now available for sellers on Shopify, enabling them to instantly access payouts, earn cash back, and “free up cash flow so they can scale their businesses faster.” Last Fall, Brex introduced… Read More

Fintech Unicorn Brex Explains how Digital Commerce Startups can Scale Operations by Selling Wholesale

Silicon Valley-based Fintech Unicorn Brex recently explained how selling wholesale can help your business expand its operations. Brex notes that many digital commerce business owners start out quite small: an online shop or retail location, a “handful of new products” and perhaps a couple of… Read More

Digital Commerce Boom Leads to India’s BharatPe Finalizing Massive Round, while Branded, Thrasio Close Major Rounds

Thrasio, a company that acquires and then aims to quickly grow third-party sellers on Amazon (NASDAQ: AMZN) has finalized $750 million in new funding, raising the firm’s valuation to around $3 billion to $4 billion. The investment round was led by current investors Advent and… Read More

Digital Commerce: Majority of Online Shoppers in the UK Use Smartphones to Settle Transactions, Juniper Research Reveals

The team at Juniper Research, an analyst house focused on digital technology market research and related Fintech trends, technology data, market sizing, and consulting, notes that e-commerce and financial services have become a key part of many consumers’ lives in a post-COVID world. The Juniper… Read More

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