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Retailers Start New Traditions With Innovation Around The Holidays

PYMNTS

In a season where tradition is key, retailers are setting new ones with the help of emerging products and services on this Black Friday. You may have missed our coverage of a few of the retail innovators that are summed up below, arranged in no particular order, or perhaps you’ll want to revisit them anew. Shoes As A Currency.

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Bolt Nets $75 Million In Funding Round For eCommerce Innovation

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The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. The round saw the company's valuation hit over $215 million. Data from the IBM U.S.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

These are the top stories in retail for Tuesday (Nov. Carvana, which sells both used and new cars, has been one of the main innovators in the space, with its high-profile vending machines in several major markets. Wayfair, Home Furnishings Sector Looks Past COVID Winter.

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Why Invisible Will Make 2020’s Payments Innovation Roar

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Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

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The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions

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Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world. And in 2019, the company participated in a $530 million funding round for autonomous tech firm Aurora Innovation. Reuters reports indicated that a deal could be weeks away.

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Amazon Prime Leaves Retailers Playing Back-To-School Shopping Catch-Up

PYMNTS

Back-to-school shopping has started earlier than usual this year, and retailers have Amazon to thank. According to a report, shoppers took advantage of Amazon’s Prime Day to stock up on back-to-school supplies, which is leaving retailers playing catch-up if they want to cash in on what is a lucrative time of year for them.

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