Secured funding
E-commerce platform Kartrocket has raised USD250,000 from 5ideas Startup Superfuel and 500 Startups. Kartrock says the investment will be used to strengthen its sales strategy and enhance the software. The Indian firm has developed a website for startups to launch online stores for both web and mobile. Customers can also integrate international payment options and implement shipping strategies.
Kartrocket says it plans to have 2,000 customers by the end of the year, having picked up more than 100 paying customers since launching in January. It lists these e-commerce startups as covering a range of sectors such as clothing and baby products.
Related reading
Report: DLT, SWIFT gpi, Ripple and cryptos shape payments
The greatest impact of blockchain on payments is the acceleration of SWIFT gpi, according to Ed Adshead-Grant, general manager of payments, at ... read more
People moves: Token, Mid-Southern Bancorp, Ethereum and more
Token appoints new CTO San Francisco-based open banking platform provider Token appointed Gaurav Kohli as chief technology officer on January 29. As ... read more
Banks’ consumer engagement undergoing “fundamental shift”
The way that consumers are interacting with their banks is undergoing “a fundamental shift” towards digital, but the industry shouldn’t be too ... read more
Instant payments in a flash | podcast
Instant Payments are one of the latest developments in payments.
