News

eCommerce
Shopify Partners With Airwallex to Drive Global Payments
July 21, 2022

FinTech payments platform Airwallex is partnering with eCommerce firm Shopify to offer online merchants a streamlined integration for payment acceptance from customers around the world. The Airwallex Online Payments App is a payment gateway plugin that supports Visa, Mastercard, UnionPay bank cards, and more than 30 local payment methods...

Retail
Mattel, SpaceX Look to Rekindle Astronaut Era With New Line of Toys
July 21, 2022

Mattel has inked a multi-year deal with spacecraft engineering company SpaceX that will see the iconic toymaker launch products “that inspire children and collectors alike to tap into their inner space explorer,” according to the joint press release Tuesday (July 20). “We take pride in...

B2B Payments
Pivotree, Spryker, Partner on Commerce-as-a-Service
July 21, 2022

Frictionless commerce company Pivotree has formed a partnership with digital commerce platform Spryker, according to a Thursday (July 21) news release. “This partnership unshackles B2B customers from burdensome, monolithic systems, technology debt, and cost constraints,” the release said. “The transformation to Spryker’s composable architecture combined...

B2B Payments
Freight Bottlenecks Spotlight Need for Faster Payments at US-Mexican Border
July 21, 2022

The United States-Mexico cross-border trade route is one of the largest in the world, but importers and exporters still face a challenge in moving cargo between the two countries. Like all international trade, it’s complicated — involving anywhere from eight to 12 different stakeholders. “A...

eCommerce
eCommerce Aggregator Model Gets Makeover With Brand Building and Logistics
July 21, 2022

When big eCommerce aggregator Thrasio hit a wall earlier this year, it revealed a weakness in the strategy of rolling up promising sellers and brands then struggling to figure out the nuances of creating popular consumer brands with the right logistics in place to optimize...

Investments
Metrics Drive Early-Stage Funding Amid VC Funding Drought
July 21, 2022

Startups seeking seed and Series A funding are facing the leanest money landscape in more than 10 years and now have to show metrics that illustrate a strategy that leads to revenue and profits.   The pandemic helped fuel an already robust funding environment that kept...

Investments
Economic Gloom Puts M&A Market Back Into Value Mode
July 21, 2022

When overvalued companies deflate in a wave, as we’re seeing now, that’s either heralding bad times ahead or an oncoming era of growth, depending on whether you’re buyer or seller. The record number of initial public offerings (IPOs) and the burst of special purpose acquisition...

eCommerce
South Korea Is an eCommerce Eden for Those Fluent in Local Payments
July 21, 2022

Among the most mobile-centric nations on earth, South Korea is a ripe opportunity for eCommerce merchants provided they learn the terrain — namely, payments localization. With the world’s 10th-highest gross domestic product (GDP) and roughly 93% smartphone penetration in a population of 50 million people,...

Regulation
Cannabis Firms See Prices Rise Ahead of Senate Hearing on Decriminalization
July 20, 2022

American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. According to published reports, the Senate Judiciary Subcommittee on Crime and Terrorism, led by Sen. Cory Booker (D-NJ), is expected to meet...