BuyReply, a firm that lets users make purchases or order goods via texts or email without having to visit a dedicated e-commerce site, has raised USD1m. Funding for the 2011-founded company came from Valar Ventures.
BuyReply has appointed Bonnie Boezeman AO as a director. Bonnie brings significant experience in BuyReply’s domain having spent the last 6 years as the Chairman of PayPal Australia.
“In the modern world of fast paced Internet purchasing, BuyReply is one of the most exciting innovations for the avid mobile consumer. You see, you immediately buy, and avoid the hassle of App downloads, QR codes and Internet searches.” said Bonnie Boezeman AO.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.