Tagged: e-commerce

September 21, 2023 @ 12:23 pm By Omar Faridi  |  

Fasanara Capital, the institutional asset manager, and Allianz Trade, the trade credit insurer, are joining forces to provide up to a $1bn financing boost to the fast-growing global B2B e-commerce sector. Fintech investors are seeking out investment opportunities “in and returns from businesses that are… Read More

September 16, 2023 @ 4:51 pm By Omar Faridi  |  

Riskified (NYSE:RSKD), a firm focused on ecommerce fraud and risk intelligence, published “Policy Abuse and Its Impact on Merchants: Global Benchmarks 2023,” revealing how consumer misuse of refunds, returns, and promotional programs, “alongside resellers, is forcing retailers and other merchants to strike a difficult balance… Read More

September 6, 2023 @ 7:11 pm By Omar Faridi  |  

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has announced that it has agreed to an off-balance sheet program that will purchase up to $1bn of assets from funds managed by investment management firm Neuberger Berman. The facility means that Wayflyer is able… Read More

August 29, 2023 @ 9:30 pm By Omar Faridi  |  

China is set to retain its dominant position in the global e-Commerce landscape, according to an update shared by GlobalData. Bolstered by a solid 9.9% growth, the Chinese e-Commerce market is “anticipated to surge to CNY 15.2 trillion ($2.2 trillion) in 2023, driven by the… Read More

August 26, 2023 @ 12:11 pm By Omar Faridi  |  

Craftgate Technology, a “One-Stop Shop” payment orchestration platform, announces that the company received USD 1 million investment from D-MARKET Electronic Services & Trading (d/b/a ‘Hepsiburada’) (NASDAQ: HEPS), a Turkish e-commerce platform and D4 Ventures, a UK-based venture capital company. Based in İstanbul, Türkiye, Craftgate helps… Read More

August 18, 2023 @ 12:23 pm By Omar Faridi  |  

Riskified (NYSE:RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced an enhanced partnership with global payments leader Mastercard, that will improve the ability of businesses across the globe “to grow online revenues and profit while mitigating the risk of… Read More

August 16, 2023 @ 7:00 pm By Omar Faridi  |  

noqodi, a Fintech company has broadened its collaboration with Network International (Network), the enabler of digital commerce across the Middle East and wider MEA region, enabling the company “to expand digital payments acceptance for a wider range of sectors beyond just government and private sector… Read More

August 15, 2023 @ 6:45 am By Omar Faridi  |  

Inter&Co, Inc (Inter), (NASDAQ: INTR), the Super App which provides financial and digital commerce services to more than 28 million customers, recently reported financial results for its second quarter ended June 30, 2023. João Vitor Menin, CEO of Inter&Co said: “This quarter marks an inflection… Read More

August 9, 2023 @ 10:26 pm By Omar Faridi  |  

Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms, and started to issue these loans. Netbank expects to rapidly “expand its lending to e-commerce sellers in the next year.” Many sellers on e-commerce platforms “require additional working capital to… Read More

August 7, 2023 @ 6:04 pm By Omar Faridi  |  

Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More

August 6, 2023 @ 9:17 am By Omar Faridi  |  

Settle, the cash-flow management platform, recently announced a new purchasing suite designed specifically for founders of e-commerce businesses. Purpose-built to streamline the challenge of purchasing and procurement, the new Settle Purchasing suite of tools “automates back-office tasks like bill pay, purchase order creation, auditing, reporting… Read More

July 29, 2023 @ 2:36 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, has today announced its partnership with iconic British department store Liberty, “with its flexible and interest-free payment options now available online.” The partnership will aim to “help Liberty’s customers save time and money and worry… Read More

June 26, 2023 @ 6:04 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces a new global partnership with Shopify, a provider of essential internet infrastructure for commerce, “to strengthen ecommerce capabilities, simplify the customer journey and solve payment complexity for enterprise merchants.” As part… Read More

June 26, 2023 @ 5:40 am By Omar Faridi  |  

Squarespace, an e-commerce and website builder globally, has added Amaka’s Xero and MYOB accounting integrations to its Extensions marketplace. Amaka will reportedly “be a hand-picked third-party application that allows Squarespace users to manage and optimize their sites.” Gian Ottavio, Global Partnerships Lead at Amaka, said:… Read More

June 24, 2023 @ 2:32 pm By Omar Faridi  |  

Payment service provider Clik2pay announced it has developed a Clik2pay plugin for WooCommerce, “enabling any business on the platform to quickly and easily enable Clik2pay for their online store.” WooCommerce users can now “offer their customers a direct-from-account payment option and begin accepting debit payments… Read More

June 24, 2023 @ 10:37 am By Omar Faridi  |  

Account-to-account (A2A) payment infrastructure provider, Token.io, announces the launch of its virtual settlement accounts, enabling payment providers to unlock the full potential of ‘Pay By Bank’ for ecommerce. Token.io’s new virtual accounts solution will “provide payment providers with real-time notification of settlement as they collect… Read More

June 22, 2023 @ 3:55 pm By Omar Faridi  |  

LHV Bank, a banking services provider to Fintech companies, has been selected by Montonio, a “rapidly growing” e-commerce checkout solution provider, to enhance its merchant services. LHV Bank’s robust API-driven infrastructure “will serve as the backbone for Montonio’s enhanced customer experience.” With LHV Bank’s suite… Read More

June 20, 2023 @ 10:24 pm By Omar Faridi  |  

The Eazy Financial Services B.S.C (EazyPay) and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s “only” international payment brand, have signed an agreement “to enable JCB payment acceptance at the bank’s POS and e-commerce merchants in the Kingdom of Bahrain.”… Read More

June 15, 2023 @ 8:47 am By Omar Faridi  |  

Eurora Solutions, a provider of AI/ML-backed cross-border e-commerce compliance platform, announces the appointment of James Doyle as CEO of its Latin American (LATAM) operations, marking Eurora’s strategic entry to the world’s fastest-growing retail e-commerce region. As noted in the update shared with CI, LATAM saw… Read More

June 13, 2023 @ 8:51 am By Omar Faridi  |  

DJUST, a B2B eCommerce SaaS platform created by ex-founding member of Mirakl, Arnaud Rihiant, announced that it has raised €12M in a Series A growth funding round to accelerate market expansion. The investment round was “led by New Enterprise Associates, Inc. (NEA), with additional participation… Read More