Springbot, which launched in 2012, delivers e-commerce marketing solutions to small and medium-sized businesses to help drive more traffic, conversions and revenue. Springbot will use the new funds for customer acquisition as well as to expand the development, sales and customer service teams.
The e-commerce market is a USD200 billion industry, with the small and medium business segment accounting for about half that revenue.
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.