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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. The new funding will assist the startup in speeding up team building, supply chain optimizations and market growth. Bigbasket competes against Amazon and Flipkart in the Indian eCommerce market.

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Amazon Stock Surges 20 Pct. During COVID-19 Pandemic

PYMNTS

Bloomberg reported that stock in the Seattle-based global eCommerce company has soared by nearly 20 percent since January. This makes Amazon one of the 10 biggest percentage gainers among its S&P rivals and puts the company back above the $1 trillion market capitalization threshold, the news service said.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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INV Opens Demo Day to FI Attendees at Bank Innovation Ignite

Bank Innovation

Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle. INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite.

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Luxury Brand Barneys New York Seeks Bankruptcy Protection

PYMNTS

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . However, the company hasn’t been immune from the same market conditions that sent Sears and Kmart into bankruptcy.

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Microsoft’s Blockchain Guru Marley Gray Joins Speaker Faculty

Bank Innovation

Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv. Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty.

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Remitly Passes $1B Annual Transfer Milestone

PYMNTS

The startup’s fast-paced growth comes against intensifying competition among FinTech startups, like PayPal’s Xoom, TransferWise and WorldRemit, which are striving to cut themselves a bigger share of the global remittance market that saw $582 billion in transfers last year. per transaction for expedited transfers.

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