The company’s e-commerce website and mobile app follows Pinterest’s approach of combining image-heavy discovery and social networking with e-commerce, allowing users to upload items and bookmark products they like. The Fancy raised USD53m in July at a USD600m valuation.
The Fancy’s founder Joseph Einhorn declined to comment on the specifics of the company’s fund raising activities.
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.