More than 70% of Australian small businesses believe trading conditions will be strong in the next 3-6 months, but close to 50% say they will require support with cash flow, as revealed by a Zip Business survey which assessed the COVID-19 impacts for small businesses. Zip Business is a division of the global Buy Now, Pay Later firm, Zip Co Limited.
Riskified, Ltd. (NYSE: RSKD) a fraud management platform enabling frictionless eCommerce, has announced its partnership with Kogan.com, Australia’s largest pure-play online retailer. Riskified’s machine learning solution will help increase Kogan.com’s operational efficiency and deliver a more secure and frictionless shopping experience for Kogan.com’s loyal customers.
With a large addressable market, growing online shopper base, and increasingly digitised MSMEs, online marketplaces in India contribute more than $100 billion in gross merchandise value (GMV), with business-to-customer (B2C) e-commerce marketplaces being the single largest segment, contributing $50 billion. Over the next five years, the marketplaces sector is expected to more than triple, to reach $350 billion in gross merchandise value (GMV).
During the COVID-19 pandemic, using Visa cards reduces the risk that comes with handling physical cash, a potential carrier of the virus.
This is important as creating a business is as much about innovation and ideas as the operational and administrative. Finding business partners who brought skills that were not the same as me was critical to success.
Australian shoppers are heading online than ever before and e-commerce spending has increased massively. Retailers with strong digital foundations have been the biggest beneficiaries, with ability to deliver on rising customer expectations in ecommerce.
AlgoDriven, through Global Ventures, the Dubai-based venture capital firm successfully raised $2 million in a Series A funding round. There were some other participating investors in the series such as Automotive Ventures, an Atlanta-based venture capital firm, AlgoDriven's first international investment, Spartech Ventures, otf Wadi, Driven Capital Partners and DTEC Ventures.
Australia’s CARS24 launched the largest Black Friday car sale in the country, with over $350,000 in savings across their wide CARSinventory. Over three hundred quality used cars were offered at discounted prices over eight days, providing customers with an opportunity to review and consider before purchase.
Actyv.ai, an AI-powered Enterprise SaaS platform with BNPL for B2B embedded, has raised USD $5 million in a Pre-Series A funding round from Dubai-based 1Digi Investment management firm, the family office of Raghunath Subramanian, Global CEO, Actyv.ai. With these fresh funds, Actyv.ai plans to scale and expand globally.
Boomi™, the intelligent connectivity and automation company, announced Munro Footwear Group (MFG) has created an integrated data foundation platform using the Boomi AtomSphere™ Platform to support its e-commerce transformation agenda. Munro Footwear Group (MFG), Australia’s largest privately-owned footwear company, offers an extensive portfolio of trusted brands such as Midas, Django and Juliette, Colorado, and Diana Ferrari.