Economy - Finance > Finance

This startup has raised $45 million with the promise it can eliminate the biggest pain points in using Amazon or Shopify and help retailers like Dollar General crack into e-commerce

1 month ago   |   By Business Insider

Summary List Placement 2020 was a landmark year for e-commerce, with eMarketer estimating that online sales grew by 27.6% and surpassed $4 trillion as customer transactions shifted online because of the Covid-19 pandemic.
At the same time, cracks were exposed in how some companies run their e-commerce businesses, with many small retailers transitioning online for the first time.
Omair Tariq and Jim Jacobsen came up with the idea for a business they call Cart.com with these shifts in mind. Cart.com offers brands an all-in-one suite of e-commerce tools including online storefront...
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How contrarian hires and a pitch deck started Nubank's $30 billion fintech empire

How contrarian hires and a pitch deck started Nubank's $30 billion fintech empire

1 month ago   |   By Tech Crunch

For most startups, the hardest early challenge is identifying a market and a product to serve it. That wasn't the case for Nubank CEO David Velez, who understood the massive potential for success if he could break into Latin America's most valuable economy with even a moderately modern banking offering.
Instead, the challenge was how to rebuild the concept of a bank in a country where banking is widely hated, all while the incumbents heavily entrenched with the state worked to block every move.
Nubank knew its market and geography, and through tenacious fundraising, inventive marketing and...
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We got an exclusive look at the pitch deck that helped luxury-edibles startup Hervé raise $3 million to expand into the California market

We got an exclusive look at the pitch deck that helped luxury-edibles startup Hervé raise $3 million to expand into the California market

1 month ago   |   By Business Insider

Summary List Placement Cannabis-infused edibles are having a moment as much of the US digs itself out of the pandemic.
Edibles sales grew by more than 60% across seven state markets in 2020, according to data provider Headset. Edibles, particularly the lower dose varieties, are seen by many consumers as a healthier way to de-stress from long days working from home compared to smoking marijuana or drinking alcohol.
To capitalize on that trend, Hervé, a Toronto-based maker of what CEO and founder Sebastian Centner calls "luxury" infused edibles, closed a $3 million Series A funding round in...
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Jeff Bezos' 18-year-old space-flight companion reportedly told him he had...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had never bought anything from Amazon before

Summary List Placement The 18-year-old passenger on Blue Origin's spaceflight on Tuesday had an awkward admission to former Amazon CEO Jeff Bezos during the trip. Dutch... Read more ...

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

The 7-day average cases is the highest since May 6th. The 7-day average hospitalizations is the highest since May 25th. This data is from the CDC . According to the CDC, on... Read more ...

3 Wyndham Rewards credit cards are offering elevated welcome bonuses up to...

3 Wyndham Rewards credit cards are offering elevated welcome bonuses up to 90,000 points, but only for a limited time

Summary List Placement Wyndham's co-branded credit cards are offering increased welcome bonuses until October 14, 2021. With these offers, you can earn up to double the usual... Read more ...

Twitter could rise another 30% as ad spending is set to soar, Bank of...

Twitter could rise another 30% as ad spending is set to soar, Bank of America says

Summary List Placement Twitter stock could rise by about 30% as the social media platform stands to see further growth in advertising sales which have been recovering after the... Read more ...

Mint's first PM raises millions for Monarch, an Accel-backed money...

Mint's first PM raises millions for Monarch, an Accel-backed money management platform

Monarch , a subscription-based platform that aims to help consumers “plan and manage” their financial lives, has raised $4.8 million in seed funding. Accel led the round, which... Read more ...

Free money for all? Mayors hope local tests bring big change

Free money for all? Mayors hope local tests bring big change

By triggering $1,400 stimulus checks for millions of people and expanding the child tax credit for many families, the pandemic offered a clear takeaway for some officials: That... Read more ...

Investors should look for stocks tied to 'data era enablers' as companies...

Investors should look for stocks tied to 'data era enablers' as companies step up investment in IT infrastructure post-pandemic, Morgan Stanley says

Summary List Placement An IT spending supercycle is underway and stocks that can ride that wave will beat the market, Morgan Stanley analysts wrote in a note on... Read more ...

The Amex Blue Business Plus and Business Cash cards don't usually offer a...

The Amex Blue Business Plus and Business Cash cards don't usually offer a welcome bonus, but new offers have sweetened the deal

Summary List Placement Amex has launched new offers on two of its popular small-business cards . Normally, the American Express Blue Business Cash™ Card and The Blue Business®... Read more ...

Elon Musk reveals the 5 big investments that fuel his more than $160 billion...

Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth

Summary List Placement Elon Musk's net worth topped more than $160 billion this year, making him the second richest person on Earth. Musk's net worth is driven by five... Read more ...

Canada's startup market booms alongside hot global VC investment

Canada's startup market booms alongside hot global VC investment

Continuing our global look into the torrid pace of venture capital investment in the second quarter, today we turn to Canada. While many markets have posted impressive results... Read more ...