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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.
Canada-based point-of-sale (POS) and eCommerce software provider Lightspeed recently announced the release of Order Ahead, an online ordering management system designed for takeout orders. Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI.
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 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.
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.
Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia. .”
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.,
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.
The beauty brand has launched pop-up shops in cities such as Austin, Miami, Boston and London, but its success has primarily been in online sales of its lotions, lash products and soft, pink-colored lip balms since its 2014 inception. fragrance sales.”. fragrance sales.”.
Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank.
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.
customers feel that online-only banks are “less legitimate” than those with branches. From mid-2012 to mid-2017, Capital One Financial Corp. Bank of America is expanding this year into Pittsburgh, while JPMorgan will open as many as 400 branches over five years into cities like Boston and Washington, D.C. cut 12 percent.
The company’s intellectual property is set to be purchased by Kensington Capital Holdings, a family investment office located just outside of the Boston area, for $15 million. In its current contract, details for the retailers’ intellectual property include Kensington Capital licensing RadioShack to General Wireless.
million in venture capital — the most the industry has seen in a while. Autobooks provides online banking platforms with solutions tailored to the SME crowd, including accounting and payments. The B2B FinTech investment space has been relatively slow in recent months, but U.S. startups led the way this week with a healthy $101.5
The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. Yordex offers virtual cards as well, which can be used to manage online business expenses, such as recurring subscription charges. billion in value by 2025. Inside The Playbook.
According to PYMNTS data, more than 60 percent of Main Street firms have at least three channels operating to drive sales: online, at physical stores and mobile. Seventy-one percent use online channels, 68 percent use physical stores, 66 percent use mobile and 59 percent use marketplaces.
True Fit , the Boston-based startup that helps connect customers with shoes and apparel that fits them really, really well, recently announced a $25 million investment from Intel Capital that it will use to expand its business, according to a report from TechCrunch.
Even as consumer expectation rises, a mere 25 percent of retailers are confident that they’re meeting the omnichannel demands of the retail industry, according to Boston Retail Partner research. And both retailers and CPG companies face competition from online superstores, such as U.S.-based
Blacksoil Capital linked B2B eProcurement firm IndustryBuying with nearly $2 million in venture debt, reports in Inc42 said this week. The India-based startup has already seen funding from Kalaari Capital, Saif Partners and Beenext. million from InnoVen Capital, Inc42 reported this week. IndustryBuying. Logistics.
In hyper-competitive markets like Boston, New York and San Francisco, many buyers overbid and sometimes wave inspections to sweeten the pot for sellers. million round of venture capital funding to expand into the San Francisco market, seeks to simplify the real estate process with its offering. percent platform fee.
Online shopping is on a tear, and marketplaces are reaping the rewards. billion — online payments were completed in the U.S. In the post, Shopify wrote, “by accepting Venmo directly in your online store, users can complete their purchase in just a few clicks. adults make purchases online. percent from 19.3
At the same time, Great American Group and Tiger Capital Group noted in a press release that store closings would soon start at five flagship Barneys New York locations and Barneys Warehouse locations. The release also noted that shoppers can participate in the sale online by visiting BarneysWarehouse.com and Barneys.com.
no one under 21 years old is legally allowed to purchase alcohol , which means trying to sell it online isn’t as easy as hanging out a digital shingle and delivering to the consumer’s door. The bulk of local stores don’t have websites and thus don’t have an online catalog of goods. Minimally, an ID will have to be checked.
Layer3 is betting big on basic and premium channel bundles, going against major players AT&T, HBO and CBS and others that have embraced online streaming via desktop and mobile apps to compete with the likes of Netflix and Hulu. and has since rolled out to Chicago.
Chris Douvos of investment firm Ahoy Capital told The Wall Street Journal , “We’ve been in the middle of a rollicking party that’s gone on for five years and someone has snapped on the light switch.” Rowe Price and Discovery Capital. Paytm , India’s mobile payments startup, said on Monday (Nov. Other investors include T.
The model for the DineVite online and mobile app is actually similar to social media. With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. Restaurants create offers and promotions for profitable or loyal customers.
51 million : That’s the amount of new funding that Druva, an India-based enterprise security company, has secured from Sequoia Capital India and a new backer, Economic Development Board Investments, based in Singapore. Luckily, the PYMNTS 11 is here to break it all down. Luckily, the PYMNTS 11 is here to break it all down.
Flashfood bears a close resemblance to Boston, Mass. Hunger and wasted food are two problems that can have one solution,” believes Daily Table founder Doug Rauch, former Trader Joe’s president and co-CEO of Conscious Capitalism, Inc. Finally, Campbell Soup Co.
Select VC Investors: Khosla Ventures, Social Capital. Select VC Investors: Cue Ball Capital, Valley Oak Investments. MiniLuxe is a nail and beauty lifestyle lounge with locations in Dallas, Rhode Island, Los Angeles, and Boston. Select VC Investors: Otium Capital. Select VC Investors: Venture Capital.
New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. It is also known for developing Unreal Engine.
Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. “We need to be open to discussing it and working through it,” said Comptroller of the Currency Thomas Curry, referring generally to bank charters for FinTech companies.
For the third consecutive year, we worked with The New York Times to identify and rank the top 100 venture capital professionals from around the globe. Below are the detailed profiles of the Top 20 Venture Capital Partners. PROFILES OF THE TOP 20 VENTURE CAPITAL PARTNERS. Current Firm: First Round Capital (Founding Partner).
The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). But then, we had a feeling that something like this might be about to happen in a world suddenly able to be online and on the go at all times – it’s why we were founded in 2009. That is no longer the case today.).
“The idea of curbside pickup is that shoppers are demanding the ability to get purchases however they want and wherever they want,” said Laura Kennedy, director of retail insights at Boston-based Kantar Retail. “A The data show that operating earnings from sales have declined by up to 25 percent as a result of a shift from in-store to online.
Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Online Lending. Online lender OnDeck also reported a mixed bag of earnings on Monday. Fizzle and fail.
Kernel is an early-stage brain-machine interface company formed by Bryan Johnson, founder of the online payments company Braintree and the OS Fund. Select Investors: INKEF Capital, Life Sciences Partners, Wellington Partners, Gimv. Select Investors: Boston Angel Club, Hantan Capital, Wandai Capital.
Bar Tech — Companies in this category bring big data and online features to bars and restaurants. Hoving & Partners, VOC Capital Partners. Blue Scorpion Investments, Revelis Capital Group, Warner Music Group. FreshTracks Capital. Briggs Original (Boston Cranberry). Great Oaks Venture Capital.
Had I been in town, I might have used Google to find a store near me in Boston that carried the brand I wanted so I could try before I bought. Sometimes that means consumers will go to the physical store, sometimes that means transacting entirely online – and, increasingly, it means a blend of the two.
The weather in Boston – and it’s about darn time. Overall, according to the Global Fraud Attack Index that we do with Forter every quarter, fraud attempts are up 217 percent, putting nearly $5 of every online sale at risk. You want to know what really sizzled this week? As for payments, here are this week’s picks and pans.
In July, Grubhub announced it would be buying up LevelUp for $390 million in cash to expedite integration with restaurants and “create a seamless diner experience in-app, online and in-store,” said the 423,000 daily average grubs, up 35 percent year over year. In December of 2017, Even went live and online for 1.4 billion euros.
Five have been acquired in the past few years including two by large legacy banks ( Capital One bought Lola , US Bancorp acquired Bento for Business) and will stay on this list as long as they operate as independent brands ( Lola is no longer a separate unit ).
Notable projects: The Mayo Clinic OB Nest explores ways for women with low-risk pregnancies to reduce the number of their in-person doctor visits through a combination of dedicated nurses, a special online community, and in-home monitoring. Boston Children’s Hospital — Innovation and Digital Health Accelerator (IDHA). Founded: 2015.
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