GoDaddy is acquiring Locu as part of an undisclosed deal that is rumoured to be worth around USD70m. Locu, which launched in 2011 and is based in San Francisco, helps businesses by making them easier to find online. Locu does this by publishing business information across sites such as Yelp and TripAdvisor, as well as making files easier to find online by converting them from PDF and Flash formats.
It is thought that GoDaddy has bought Locu to fit into its future plans to offer companies an easy way to set up web stores. As part of the deal all of Locu’s staff will join GoDaddy.
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.