Yahoo! is acquiring California-based e-commerce startup Lexity as part of an undisclosed deal. Lexity, which launched in 2009, helps small to medium-sized businesses set up e-commerce services and is already supported by Yahoo!, as well as other sites like Etsy, eBay and Shopify.
According to sources close to the deal the internet giant has forked out between USD35m to USD40m in cash to buy the start-up. This is Yahoo! CEO Marissa Mayer’s 19th acquisition since taking up the role last year.
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.