Erply, a New York-based company that provides a point-of-sale system and inventory manager for e-commerce retailers, has received USD2.15m in a funding round led by existing investors Redpoint Ventures, with participation from Index Ventures and an angel investor.
Erply claims to have 100,000 SMBs and 120,000 users on board and counts Elizabeth Arden and BMW among its clients. Erply says it will use the funding to help fuel growth and to take on the likes of Square and Paypal.
co-founder CEO Kristian Hiiemaa said: “The most important thing for me is helping retailers to survive and be successful. They have stores, locations, inventory, but they lack web knowledge and algorithmic-powered tools to understand retention. Otherwise, online eats the stores.”
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.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.