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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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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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Caesars Puts Stake In Online Betting Co DraftKings

PYMNTS

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. .

Online 108
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18 Corporate Innovation Labs In Healthcare

CB Insights

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

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Cable Startup Layer3 Bets Against Streaming

PYMNTS

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.

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True Fit Gets $25 Million Investment So Your Shoes Can Fit You Better

PYMNTS

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.

Boston 100
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Retailers Team With Providers For eCommerce Payments’ Tear

PYMNTS

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

Retail 131