
Secured funding
Online retail software firm Amplience has raised USD5.7m in funding led by Octopus Investments, with participation from new investor Northstar Ventures.
Amplience develops technology for e-commerce firms to handle customer interactivity and digital asset management. The software is used by a number of brands including House of Fraser, Marks & Spencer, Waitrose and Halfords. The firm claims its software increases conversion rates by up to 200%. It was founded in 2008 and is headquartered in London, in addition to new offices in New York and Teesside.
James Brooke, CEO of Amplience, explained: “2012 was a strong year for Amplience as we focused on developing our platform and expanding into new markets. We built additional technical functionality into our platform, including Dynamic Media, eCatalogs, Video Marketing, Mobile apps and In-store Media and have opened new offices in London, New York and Teesside.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more