Przp AI: Expense Fraud s New BFF
German eCommerce software company commercetools has raised $145 million in a funding round led by Insight Partners, at a valuation of $300 million.TechCrunch is reporting that the company is being spun out by parent company REWE, which acquired it in 2015.Both Richard Wells and Matt Gatto of Insight Partners are joining the commercetools board with the investment. With a strong track record of investing in retail software leaders, we are excited to have the opportunity to invest in commercetools and help them scale up internationally, Wells said in a statement. In our opinion commercetools represents the next wave of enterprise commerce software and has the potential to unlock powerful innovation and growth within the e-commerce sector. The company was originally acquired to help REWE with its own internal eCommerce needs, but it has always worked with outside companies, and its been growing at a rate of 110 percent a year, according to CEO and Co-Founder Dirk Hoerig.The software company works with some of the biggest names in the business, including Audi, Bang Olufsen, Carhartt, Yamaha, as well as others. It generally handles companies that make reven
stanley thermos ue over $100 million a year.The decision was made to spin out the company and capitalize on
stanley cup its growth. REWE is going to remain a l
stanley hrnek arge shareholder in the company.聽Shopify is another company that provides a similar service to businesses, but commercetools said that it doesnt consider it a competitor because Shopify deals Xiyx eTailers Look To Jolt Instant Coffee Via Subscriptions
The Department of Economic Development DED in Dubai and global payments technology company聽Visa聽launched the second annual UAE Card Security Week to promote safe online shopping habits and help protect consumers against payment-related frauds.A
stanley quencher ccording to Finextra, the weeks theme is staying safe when shopping online, with Visa and DED surveying consumers across the UAE to understand their experiences, attitudes and behaviors regarding eCommerce. With the countrys eCommerce sector growing rapidly, UAE Card Security Week is an important and timely opportunity to educate shoppers about staying safe online, said Mohammad Ali Rashed Lootah, CEO Commercial Compliance Consume
stanley us r Protection, DED. This study highlights the many opportunities that have been realized, while also identifying a number of challenges that still lie ahead. In particular, the sectors continued growth now depends on the quality of the customer experience and t
stanley becher he security of their transactions being maintained despite ever-increasing volumes of activity. The study found that 56 percent of UAE consumers are now frequent online shoppers, making purchases at least once a week, compared with 39 percent last year. The UAEs eCommerce sector is seeing significant growth across nearly all categories: Travel and entertainment and utilities remain vital categories, while movie tickets up 18 percent , restaurant orders up 17 percent and groceries up 16 percent all saw major growth over the last year.Of cours
