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Software Co BigCommerce IPO Soars 183 Pct

PYMNTS

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data.

Software 194
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Amazon Is Building A Traditional Supermarket In LA

PYMNTS

Those consist of Amazon Books, Amazon 4-Star (online goods in brick-and-mortar stores), Whole Foods Market and Amazon Go. The latter operates without human cashiers. Meanwhile, online grocer Instacart is going social. The newest offline expansion comes as Amazon’s revenue from physical stores topped $17.2 billion in 2019.

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Kony’s Deal with Umpqua to Acquire Pivotus Ventures Was Aided by ‘Cultural Affinity’

Bank Innovation

Umpqua Holdings Corporation's deal to sell its subsidiary Pivotus Ventures to the Austin, Texas-based software firm Kony, announced on Oct. 23, took several months to develop.

Austin 150
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PayPal Will Buy Hyperwallet In $400 Million Deal

PYMNTS

The deal will give PayPal greater strength in eCommerce and online marketplaces, PayPal said in a statement. Marketplace sales accounted for 50 percent of all online sales in 2017, according to an estimate provided by PayPal. Hyperwallet has offices in Austin, London, San Francisco, Sydney and Vancouver.

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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

Austin residents officially went online with Amazon Fresh this week, meaning Amazon Prime members can get free two-hour grocery delivery on orders of $35 or more and one-hour delivery for $4.99. Big News of the Week: The Central Operations Restructuring. New Chief Operating Officer Dacona Smith will oversee store operations.

Austin 131
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Google Debuts Virtual Phone Agent For SMBs

PYMNTS

Then, when the phone rings, the automated CallJoy agent answers, greets callers with a custom message and provides basic business information (like hours of operation),” wrote Bob Summers, general manager of CallJoy at Google, in a blog post.

Google 100
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Rescuing The Restaurant Business From App Decline

PYMNTS

The model for the DineVite online and mobile app is actually similar to social media. The operative word is control. “I What will factor into any restaurant or restaurant group’s success in tomorrow’s online world are the numbers and demographics of just how tourist-traveled your city, town, or region is going forward.

Miami 130