ShopPad, a California-based e-commerce software company, has received USD500,000 in seed funding from angel investors. ShopPad, which launched in 2012, is a SaaS company that makes e-commerce sites compatible on iPads.
ShopPad claims to now be used by more than 10,000 merchants. The startup has not specified how it will use the new investment.
“Big retailers weren’t doing anything exciting [on iPad],” says company founder Aaron Wadler. “A lot of them had broken sites, and it really seemed like a mess. It got me thinking – if the really big guys can’t get this figured out, it’s going to be a huge problem for everyone else down.”
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.