News

International
Walmart-Backed Indian Startup Ninjacart Launches Import-Export Platform for GCC
September 19, 2022

Ninjacart, an Indian AgriTech startup backed by Walmart and Tiger Global, has expanded by launching the Ninja Global platform for agricultural import-export businesses in the United Arab Emirates and Gulf Corporation Council (GCC) countries. The goal of the platform is to bolster the import-export market...

Investments
Crypto Exchange Yellow Card Raises $40M to Expand
September 19, 2022

Pan-African cryptocurrency exchange Yellow Card Financial on Monday (Sept.19) announced the close of a $40 million Series B funding round led by Polychain Capital. Other participants in the round included Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The...

Investments
Indian Commerce Platform DotPe Raises $58M to Add Financial Services
September 19, 2022

Indian offline-to-online commerce platform DotPe has reportedly raised $58 million in a Series B round and said it plans to add B2B financial services to its offerings. The company also said it plans to use the new investment to triple the number of merchants using...

Financial Inclusion
Clickatell Partners With Central Bank to Bring Nigerians eNaira Banking
September 19, 2022

Unbanked Nigerians and those using a feature phone in the country will soon have access to eNaira banking services through an Unstructured Supplementary Service Data (USSD) channel. Communications-Platform-as-a-Service (CPaaS) firm Clickatell is partnering with the Central Bank of Nigeria (CBN) to launch a USSD channel...

Digital Banking
Data Brief: Fewer Than 1 in 10 US Consumers Use FinTechs as Primary Bank
September 19, 2022

The corner bank branch — the brick-and-mortar kind — may be giving way to a digital one embedded in our phones. We’re seeing the rise of banking done electronically, 24/7, on the smallest of screens. And the report “How Consumers Use Digital Banks,” a collaboration...

eCommerce
Electronics Provider VOXX International Launches eCommerce Platform
September 19, 2022

Automotive and consumer electronics provider VOXX International has launched an eCommerce platform, the Orlando-based company announced Monday (Sept. 19). According to a news release, the first customer to use the platform is VOXX’s subsidiary Premium Audio Company, which operates brands that include Klipsch, Jamo, Onkyo,...

Delivery
FedEx Woes Show Amazon Gaining Ground in eCommerce, Logistics
September 19, 2022

Last week, FedEx’s announcement that package volumes are declining around the world, that revenues would be below expectations and that it would idle some operations sent shockwaves through the stock markets. As of Monday morning (Sept. 19), markets seemed headed into another day of rocky trading,...

Retail
Instacart Adds New Modules to Unite Online, in-Store Grocery Shopping
September 19, 2022

Grocery technology company Instacart has announced a bundle of six new, modular technologies that grocers will be able to add to the existing Instacart Platform offerings to provide their customers with an experience that combines the best of online and in-store shopping. The bundle, which...

B2B Payments
Flexbase Adds B2B BNPL Option to Its Solutions for Merchants
September 19, 2022

Finance super app for businesses Flexbase is now offering B2B merchants a buy now, pay later (BNPL) solution called Flexbase Pay. With this product, merchants can get paid immediately while also giving their business customers the option to get 60 days of interest-free financing, according...