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Ewmd Possible Chime IPO Spotlights Digital Banking s Allure, Heated Competition
A logistics startup based out of Paris called Cubyn has raised about $13.5 million 鈧?2 million in a Series B funding round, according to a rep stanley termoska ort.Cubyn handles storage and shipping for merchants of all sizes. A merchant signs on with the stanley cupe company and gives them all of their different sales channels, like eBay, Shopify and Amazon. Then the merchant sends inventory to Cubyn, where it is stored in a warehouse.聽When someone places an order, it is auto packed and shipped using whatever carrier is the quickest and most affordable. We want to make affordable, world-class logistics accessible to every single e-merchant, whatever their size, said Cubyn Co-founder and CEO Adrien Fernandez Baca. Our typical customer is an e-merchant who sells across sales channels. Size can go from 500 to 50,000 orders shipped per month. Cubyn began as just a pickup and delivery service, but the firm aims to use its new capital to also offer first mile solutions that encompass the entire shipping process, from start to finish. The company claims that its services are 30 percent cheaper than its competitors. Most direct competitors are the traditional, third-party logistics players who missed the eCommerce revolution and lack technology intelligence, says Baca. We are 30 percent cheaper, with simpler, multi-channel integrations and higher delivery quality. Less direct competitors are the fulfillment offer of marketplaces. They do offer a good logistics experience at a good price, but on stanley hrnek ly for orde Eeff Today In Payments: Klarna Rolls Out CSS Tool To Help European Retailers Save; Stripe Unveils Identity Verification Tool
The Stripe Connect platform has gotten a major vote of confidence from G kubki stanley eneral Catalyst Partners. 聽The fi stanley cup rm is set to invest $10 million for market-changing business and apps built on the Stripe API.Stripe has recently struck deals with some major tech and social media players including聽Twitter, Facebook and Apple and the new fund is widely expected to push the development platform further.It not often that we see the formation of an important new application platform there are only a few in each decade. Facebook, Google, Apple, Salesforce, Microsoft. When it works, it a massively potent force. In Stripe Connect, we see the potential to build entirely new classes of services that enable busines stanley cup ses to better leverage their payments capabilities and data, Hemant Taneja, managing partner at General Catalyst, commented to Finextra. The GC Stripe Platform Fund is geared primarily toward seed-stage startups. Baremetrics, which provides analytics on Stripe data for software-as-a-service businesses, nabbed the first $500,000 cash infusion.