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Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. trillion (2012).

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Data: London FinTechs Netted $3.6B In VC Investments So Far In 2020

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billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. New York City is also high up there, with $2.2 FinTechs account for 44 percent of all venture capital investments in London tech companies this year.

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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

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While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. Commission rates of 30 percent may fall by the wayside where cities and states have been limiting what DoorDash can charge on eateries.

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London B2B FinTechs Win Big As Market Preps For Disruption

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More than $30 million in venture capital stuck around the U.K., Preparations for corporate banking disruption and PSD2 are stirring the innovation pot, it seems. This week the company announced two new solutions as well as $6.5 The new funding will help the company expand geographically in the U.S., Enterprise Security.

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Amazon Go Has Spawned Imitators, But Also Innovation

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While not exactly an empire yet, the online retailer launched its 13th store in New York City last month and it features the ability to use cash, answering a complaint that’s been lodged at unattended retail generally. New Developments. The next wave of automated retail might be heralded by U.K. Retailers vs. Customers.

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CBD-Infused Burger Signals Higher Level Of Fast Food Innovation

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To drive home the marketing message, the burger was priced at $4.20. The promotion took place in Denver, capital of a state where marijuana is legal for recreational purposes. Recess , a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City.

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Madison Reed Announces New Funding And CMO

PYMNTS

Called by some the Warby Parker of hair color, Madison Reed has announced $13 million in new venture capital funding and a newly hired CMO. To obtain funding, Madison Reed upped their game on several fronts, including airing QVC spots and debuting a chatbot and a storefront dubbed the Madison Reed Color Bar in New York City.