E-commerce startup Deem has raised USD70m of a potential USD100m funding round, according to SEC filings. The San Francisco-based firm, formerly known as Rearden Commerce, offers a number of tools to merchants such as the ability to host deals manage their commerce activities, as well as a B2B marketplace where merchants can buy and sell each others’ services.
Rearden founder and CEO Patrick Grady declined via email to comment on either development.
“I’m not talking to anyone in the media about anything for the next 30 days; too much happening here and lots of int’l travel,” Grady said.
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.