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Vroom eCommerce Sales Platform Raises $254M

PYMNTS

Vroom , an online marketplace for buying and selling vehicles, has raised $254 million in a Series H funding round, according to a release by the company. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. Durable Capital Partners led the round, and T.

Detroit 131
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Auto Sales Race Toward A New Retail Future

PYMNTS

For instance, online marketplace and auction site eBay has released eBay Motors, a new app that uses AI to list a car in under five minutes, according to a report by The Verge. The online marketplace company aims to eventually use AI technology on descriptions, so that a user could give basic details and the AI would flesh out the rest.

Retail 131
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Newegg Victim Of Data Breach That Lasted A Month

PYMNTS

The breach of Newegg shows the true extent of Magecart operators’ reach,” said Klijnsma in the report. These attacks are not confined to certain geolocations or specific industries — any organization that processes payments online is a target.”. Newegg isn’t the only retailer to fall victim to a data breach.

Data 161
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VCs Back Autobooks For SMB Banking

PYMNTS

The company provides online banking platforms with small business solutions to help FIs better service their SMB clients. The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We

Detroit 122
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SaaS Lands Biggest B2B FinTech Funding This Week

PYMNTS

Autobooks provides online banking platforms with solutions tailored to the SME crowd, including accounting and payments. VentureApp offers a mobile and online chat platform built for the enterprise, and with $4 million in fresh funding, the company said it will continue to develop itself as the WhatsApp for businesses. SME Banking.

Fintech 104
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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Kioshi created a site that allows users to search and save online coupons.

Milwaukee 348
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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. The company is currently in markets including Nashville, Miami, Denver, Detroit and Indianapolis, and is coming soon to San Diego and Minneapolis as of a PYMNTS report in May.