E-commerce platform Kartrocket has raised USD250,000 from 5ideas Startup Superfuel and 500 Startups. Kartrock says the investment will be used to strengthen its sales strategy and enhance the software. The Indian firm has developed a website for startups to launch online stores for both web and mobile. Customers can also integrate international payment options and implement shipping strategies.
Kartrocket says it plans to have 2,000 customers by the end of the year, having picked up more than 100 paying customers since launching in January. It lists these e-commerce startups as covering a range of sectors such as clothing and baby products.
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.