News
Chinese digital consumers are the most avid online shoppers, with 83 per cent reporting purchasing a product online in the past month, according to GlobalWebIndex’s report. The percentage is surprisingly even across all age, gender and income breaks. To read more, click here.
Hello Soda, a Manchester, UK-based international big data and text analytics company, raised £5.5m in equity and debt funding.
NVM Private Equity (NVM) made the investment alongside an additional £1.5m venture debt facility from Clydesdale and Yorkshire Bank’s Growth Finance team. to read more, click here.
WPP, which reduced its full-year forecast Tuesday following a disappointing Q3, said it had invested mre than $7 billion on Google and Facebook this year as the No. 1 and No. 3 destinations for its clients’ media spend. To read more, click here.
Getting a first-time user to install an app isn’t easy. And getting that user to make a purchase within the app is even harder—and a lot costlier.
In fact, mobile app marketing and retargeting company Liftoff analyzed user data for a year, and found that the average cost to acquire a user who makes a purchase via an app is $64.96.
To read more, click here.
International money transfer business Remitly will add $115 million to its coffers through what would be the largest investment in a Seattle company in the last year. Leading the funding round is Naspers, a South African multinational media and Internet company, through its PayU subsidiary. To read more on Remitly's new raise, click here.
A comprehensive, data-driven look at global financial technology investment trends, top deals, active investors, and corporate activity. To download the report, click here.
CommuterClub, a London, UK-based provider of financing for commuters to buy rail travel cards, raised £2.3m in funding. According to reports, the round was led by Indian financial services firm Wadhawan Global Capital (WGC), with participation from existing investors including Peter Jackson, Gavin Casey, Chris Adelsbach and Andy Murray. If you would like to read more on CommuterClub's raise, click here.
Advanced digital technology could give UK manufacturing a huge boost and create hundreds of thousands of jobs, a new report claims.
The independent review, chaired by the head of Siemens UK, highlights the benefits of robotics, 3D printing and artificial intelligence.
To read more, click here.
Marketplaces help demand and supply connect and transact, and in return, they extract some value from the transaction. One of the biggest levers that marketplaces have to acquire and retain demand is pricing. When the supply is still scaling and the low price — high demand flywheel hasn’t yet kicked in, pricing is typically hacked and has no correlation with reality.
To read more, click here.
The CEO of Nvidia, Jensen Huang, today boldly announced fully autonomous vehicles will be on the road in “no more than four years.” This may shock some, but there’s an ever-expanding list of companies in agreement. At this point, anyone who doesn’t see driverless cars as imminent is in denial. To read more on how autonomous cars will be taking over the roads, click here.