Friday, January 27, 2023

Aussie SMBs seek confidence and cashflow as economy roars back

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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 to aid Kogan.com deliver secure shopping experience in ANZ

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.

Indian online marketplaces predicted to reach $350 billion in GMV by 2027

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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).
More Ugandans are adopting the use of cashless payments with Visa

More Ugandans are adopting the use of cashless payments with Visa – Centenary Bank

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During the COVID-19 pandemic, using Visa cards reduces the risk that comes with handling physical cash, a potential carrier of the virus.

Start ups failing but e-commerce, mobile apps & agriculture surviving

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.

How online returns complete the marketer’s customer data complexity

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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.

Dubai-based AlgoDriven raises $2 million in Series A funding round

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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.

CARS24 biggest Black Friday car sale offered clients over $350k in savings

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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.

B2B BNPL startup Actyv.ai raises USD $5 million in pre-Series A round

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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.

Munro Footwear Group on-boards Boomi to aid e-commerce revolution

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.