Latest E-commerce News: Finextra Research

Interac adds backup supplier following Rogers outage

Canadian debit network Interac is adding a backup network provider in the wake of last week's massive outage at Rogers, which left millions of customers unable to make payments.

11 July 2022

Company update/startups

DEUNA raises $37 million to expand e-commerce in LatAm

DEUNA, the commerce operating system that enables a 1-click checkout buying experience and an expanded sales network for e-commerce merchants, today announced it has raised a total of $37M including a $30M Series A round led by Activant Capital with participation from Valor Capital, Abstract Ventures, Acrew Capital, Upload Ventures (formerly Softbank Early Stage) as well as founders from Plaid, Kavak, Jeeves, Xepelin, iFood, R2, and others.

08 July 2022

News/payments

Bolt settles suit with customer Authentic Brands Group

Bolt has reached a settlement with one of its largest customers, which sued the check-out payments company over claims of faulty technology.

06 July 2022

Company update/payments

Klarpay becomes Visa principal member

Swiss fintech Klarpay AG has signed a global partnership with Visa on becoming a Principal Member of the Visa network – the membership grants Klarpay the ability to access Visa's bank-to-bank cross-border business transactions network, as well as to support direct card issuance.

06 July 2022

Company update/people

Sleekflow launches in UK after Tiger Global series A funding

SleekFlow, a leading SaaS omnichannel social commerce platform, has launched its new UK operation following an $8m Series A funding round.

06 July 2022

News/security

Survey finds UK shoppers are frustrated with SCA

More than a third of UK shoppers have been unable to complete an e-commerce transaction because of new strong customer authentication (SCA) rules, according to a survey for Signifyd.

06 July 2022

Company update/payments

Worldline and Weixin team up to improve international e-commerce

Worldline, a global leader in payment services, is helping its e-commerce clients enter the growing Chinese market. More than 1.38 million Chinese people already order products from other countries. The key to this important user group is the omnipresent lifestyle tool, Weixin (the mainland Chinese version of WeChat). Through a mini program that integrates merchants into the social platform, seamless access and user-friendliness is guaranteed. Worldline facilitates this integration and ensures that Weixin payments are widely accepted.

05 July 2022

News/payments

Bank-backed Irish mobile payments app taps Nexi as tech partner

Synch Payments, the mobile payments joint venture set up by Ireland's leading banks, has brought in Italy's Nexi as its technology partner.

30 June 2022

Company update/payments

Linnworks partners Payoneer to simplify cross-border payments

Linnworks, a UK-based e-commerce technology company, has today announced a partnership with the global leader in commerce technology and payments Payoneer (NASDAQ: PAYO) to simplify cross-border and B2B transactions for their customers.

29 June 2022

Company update/payments

FIS launches Guaranteed Payments for e-commerce merchants

Financial technology leader FIS® (NYSE: FIS) announced today the launch of its Guaranteed Payments solution, becoming the only payments processor to offer a fully integrated solution designed to guarantee merchants increased eCommerce transaction approval rates and eliminate the financial liability of chargebacks due to fraudulent purchases.

29 June 2022

Company update/payments

SME Bank and kevin. team up

SME Bank, the bank making life simpler for small- and medium-sized enterprises, has partnered with next-generation payment infrastructure provider kevin. to create an easy-access one-stop-shop for e-commerce business owners seeking a range of online payment capabilities for customers, with payments into a single business account, combined with collateral-free growth financing.

27 June 2022

News/startups

Kasheesh unveils platform to split online payments across multiple cards

US startup Kasheesh has launched a free digital platform that lets users split payments for online purchases across multiple credit, debit and gift cards.

23 June 2022

News/payments

SumUp raises €590m at €8bn valuation

London-based mPOS vendor SumUp has raised €590 million in a funding round that values the firm at €8 billion - down from the €20 billion valuation it was seeking early this year.

23 June 2022

Company update/payments

AstroPay launches Visa debit card

AstroPay, the online payment solution of choice for over six million users worldwide, has launched its new product in Europe, a VISA debit card.

23 June 2022

Company update/people

PayFuture appoints James Scrivens global sales director

PayFuture, the payment gateway connector allowing merchants the ability to offer multiple local payment methods in global emerging markets, has announced the appointment of James Scrivens as its Global Sales Director.

22 June 2022

Company update/payments

Klarna adds loyalty card feature

Klarna, a leading global retail bank, payments, and shopping service today announced the launch of its new Loyalty Card feature in the Klarna App.

22 June 2022

Company update/payments

Komerční Banka makes equity and debt investment in Lemonero

Fintech startup Lemonero, provider of AI-driven embedded financing platform for e-commerce, announces a substantial investment provided by Komerční banka, member of the Société Générale Group.

16 June 2022

Company update/E-commerce

Veon Ventures makes $15m Series A investment in Dastgyr

VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announces today that the Group’s VEON Ventures division has completed a US$ 15 million investment as part of a Series A round for Dastgyr, a Pakistan-based B2B e-commerce marketplace platform.

14 June 2022

News/startups

Bits of Stock raises $4.4m

Bits of Stock, a rewards platform that lets shoppers automatically earn fractional shares, has raised $4.4 million in seed funding from Keen Venture Partners and Yellow Accelerator by Snap.

14 June 2022

Company update/payments

BR-DGE and Trust Payments partner to expand payment offering to merchants

Leading payment orchestration provider BR-DGE has partnered with global fintech disruptor Trust Payments to provide its merchants access to Trust Payments’ suite of Converged Commerce™ offerings.

09 June 2022