In a recent interview with The Wall Street Journal, Groupon CEO Eric Lefkofsky has revealed plans to support its physical goods service Groupon Goods. The daily deals company is planning to build a network of warehouses in North America to support the operation.
Although a timeline for the project has not been outlined. Lefkofsky has indicated that the first warehouse may be built in Kentucky.
“By bringing the shipping in house, we would improve margins,” CEO Eric Lefkofsky commented. “It will still be a curated selection of items, we’re not going to sell everything.”
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.