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Global buy now, pay later BNPL company Zip Co Limited has finalized its 89 million euro acquisition deal for BNPL firm Twisto Payments, a move th
stanley hrnek at gives Zip access to to all 27 member states of the European Union EU . The acquisition of Twisto demonstrates our commitment to global growth and follows our Coalition of Founders model, where we back strong leaders with a shared vision and deep cultural alignment, Zip Co-Founder and Chief Executive Officer Larry Diamond said in
stanley cupe a press release on Monday Nov. 15 .See also: Zip Co Snaps Up BNPL Firms Twisto Payments And Spotii HoldingsFounded in 2013 and headquartered in Prague,
stanley italia Twisto has served close to 1 million customers and 22,000 merchants 鈥?including KFC, Pizza Hut, Secret Escapes, Gap, New Balance, Delivery Hero, Takeway, Yves Rocher and Under Armour. Twisto is among the leading BNPL firms in Central Europe, per the release.The companys omnichannel payments platform enables customers to control how and when they pay for purchases using installment options. Twistos European Payment Institution License gives Zip inroads to all of the European Union, which is the second-largest eCommerce market in the world.In the EU, BNPL transactions increased 292% between 2018 and 2020, according to data from Kaleido Intelligence.Read more: Zip Expands BNPL Offering With Physical Zip CardTwisto Founder and CEO Michal Smida said joining the Zip team speeds its strategic expansion plans to have a larger presence in Europe. Combining ou Acql CFPB Fines Bank of America Over Mortgage Lending Data Submissions
Apple has announced its purchase of Spotsetter, a social search engine that uses big data information about locations around users to make personalized recommendations about places to go and see.According to reporting by TechCrunch, the acquisition is mainly a move to grab up the technology and the skill of the companys founder鈥攅x-Google mapmakers Stephen Tse and Johnny Lee.聽 Spotsetter could be built on to of the current map functionality on iPad and iPhones and offer a feature that competitor Google currently does not offer in its own map program.The specific financial detail of the purchase at this time, but TC reports that investors are happy. Spotsetters investors so far include Rahul Prakash, 2020 Ventures, Javelin Venture Partners and AngelPad.To make its real world-based recommendations Spotsetter literally combs the wider Internet and users personal Internet of Social
stanley website Media. It uses a patent-pending algorithm to pull content from social networks like Facebook, Twitter, Instagram and Foursquare, as well as venue content from over 30 review sites and lists from trusted sources like Yelp, Zagat, the
stanley cup New York Times, Michelin, and TripAdviser.Until last week, Spotsetters future was widely expected to go into the wearable game, programming for GoogleGlass and the much speculated about iWatch.聽 Apple reportedly closed the deal quickly; once it became apparent competitors in the marketplace were emerging. Whats Hot i
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