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Boston Startup Nift Raises $16.5M for Business Gift Cards

Bank Innovation

Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.

Boston 249
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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. About The Tracker.

Online 272
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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks. consumers.

Capital 150
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Deliveroo Valued At $7 Billion-Plus Ahead Of Potential IPO

PYMNTS

The new funding, according to the announcement, comes from two existing investors: Durable Capital Partners and Fidelity Management & Research. The online food delivery market is nascent and underpenetrated. Durable Capital Partners is based in Chevy Chase, Maryland. Fidelity Management & Research is based in Boston.

Maryland 181
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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Truepill , an online pharmacy powering delivery for direct-to-consumer healthcare brands, announced Wednesday (Sept. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC.,

Company 184
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Salsify Lands $155M For eCommerce Tech Solutions

PYMNTS

23) that they have closed on a deal with the Boston-based software and eCommerce company for $155 million in a Series E round of financing. That includes everything from tracking inventories to managing how products are sold across an array of online and other channels, as well as gauging progress through analytics.

Boston 154
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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. The ShipMonk funding is part of a surge in cash going to such B2B companies as GoSite , which targets small and medium-size businesses (SMBs) that are moving operations online.

Boston 167