Tuesday, August 16, 2022

Payhawk becomes first ever Bulgarian unicorn after raising $100m

Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m. The Series B extension means that the company hits a valuation of $1bn, making Payhawk the first ever Bulgarian company to achieve unicorn status. The company plans to become a catalyst for the Bulgarian startup ecosystem, and continue to attract and retain the top 1% of talent in the market.

Parcel collection network launches returns solution for SME retailers

Leading parcel collection network Hubbed has launched Hubbed Returns, a returns management platform that enables SME retailers to offer customers an automated returns service that utilises the Hubbed network of 2000 locations Australia-wide. Hubbed launched the platform in tandem with its research that revealed 98% of Aussies shopped online in the last few months, and 36% returned items from those online purchases.

Shopify created a positive ripple effect on Aussie’s overall economy in 2020

Australian Shopify merchants generated close to 100k Jobs and AU$26bn in economic impact. Shopify businesses created 3.6 million jobs around the world in 2020,...

Two brothers find a unique solution to Aussie’s e-commerce waste problem

Two brothers from Melbourne have made $1.5m in 12 months by solving Australia’s e-commerce plastic problem, which contributed to 2.5 million tonnes of plastic waste. With 2.6 billion parcels sent around Australia last year alone – Adam and Ace’s solution is to provide home compostable alternatives to bubble wrap, shipping mailers, and printing labels; all of which are currently being sent to landfill and taking 400+ years to decompose.

Frictionless digital ID verification deployment is highly coveted by GBG

GBG, the global experts in digital identity, helping businesses prevent fraud and meet complex compliance requirements, released findings from its “Digital Identity Verification: Bridging Usage, Preference, Trust Gaps in Australia” market research conducted by IDC. The research unveils a strong preference among 70% of Australian businesses to leverage managed services providers for identity verification checks, customized with their brand.

Mastercard is Going Green because sustainability is key to future success

Mastercard revealed that implementing sustainable business practices is considered by many business leaders to be the next significant challenge faced by Australian companies in future, with 76% identifying sustainability as a critical aspect for success in their industry. 81% claimed that they are actively seeking to reduce their carbon footprint and 48% would actively avoid shopping at a business that did not source its products sustainably.

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.

Research shows online retailers are supporting small local businesses as economy shows signs of...

New independent research has revealed that the boom in online shopping is providing a positive knock-on effect to an array of small bricks-and-mortar businesses...

Doorbuster sales and queues for BFCM eliminated as Australia navigates pandemic shopping

A new survey from Shopify, a leading commerce platform, demonstrates the ways Australians are evolving their shopping habits and preferences due to the COVID-19 pandemic. Leading up to the Black Friday and Cyber Monday (BFCM) sales in late November, almost double the amount of Australian shoppers plan to shop online in some capacity (90%) when compared to those planning on shopping in-store in some capacity (54%).

Shopify merchants break sales records with $2.9b on Black Friday

Shopify Inc. announced a record-setting Black Friday sales of nearly $2.9 billion in New Zealand through its close in California. This represents a 21% increase over Black Friday in 2020 when sales by Shopify merchants surged 75% over 2019 driven by COVID-19 lockdowns and is more than double in 2019.