Ireland

Irish ecommerce financier Wayflyer has renewed a 300 million dollar (276.7 million euros) debt line. It is currently deploying 2 billion dollars (1.84 billion euros) to more than 3,000 ecommerce business globally.

PDD Holdings has opened an office in the Irish capital Dublin. It concerns the head office, according to international news outlets, but the company itself vehemently denies this. PDD is the owner of the Chinese online platform Pinduoduo and the international ecommerce comet Temu, recently launched in six European countries.

Fashion platform Zalando is going to launch a fashion assistant powered by ChatGPT on the website and app. It will start with a beta version, which will be available to selected customers in Germany, Ireland, the United Kingdom and Austria by Spring.

Just months after expanding to Germany and Ireland, Canadian ecommerce investor Clearco is cutting 25 percent of its staff. This comes down to 125 employees. The company points to ‘the current macroeconomic environment’.

Chinese fashion retailer Shein is looking to expand in Europe. At the same time, the company’s value has fallen around 30 percent. Shein has been under scrutiny about its labor conditions and environmental impact.

The Fortia Group assists Amazon merchants looking to sell their ecommerce business. After one year of operations they have closed 7 takeovers, the highest being valued over 16 million euros. CEO Emmett Kilduff: “We are on track to complete 30 deals in 2022.”

Shipping platform Shippo has entered Ireland with the opening of its new research and development center in Dublin. This is the company's first office in Europe, while it already offers its services in France, Germany, Italy, Spain and the UK. It wants to expand further internationally.

Swedish fintech company Klarna has launched its 'buy now, pay later' service in Ireland today. Consumers can now pay in three interest-free installments at online retailers across the country. This expansion follows other news around Klarna, such as the company becoming the leading provider in its market.

Booste, a Polish financing platform for ecommerce merchants, has raised 12 million euros in a Series A funding round. The fintech company will use the money to expand its services to the United Kingdom, Ireland, and the Netherlands.

Scurri, a delivery management platform from Ireland, has secured 9 million euros in a new funding round. The software provider wants to use the money to accelerate its growth in the United Kingdom.

Wayflyer, an Irish company that offers financing to ecommerce companies, has raised 62 million euros. The funding comes just 14 months after the startup launched its first product. Wayflyer wants to enter multiple new markets in the coming months.

SmartRoutes, an Irish provider of delivery route planning software, has plans to expand its operations across Europe and the United Kingdom. It also plans to double its team for the second year in a row to meet the demand for its service.

Asendia, the joint venture of La Poste and Swiss Post, has acquired eShopWorld. Asendia has been the majority shareholder of this ecommerce software solution since 2017.

One in two consumers in Ireland say they do the majority of their online shopping with small and medium-sized enterprises from Ireland. But a slightly bigger share of people, 51 percent, place most of their online orders at international retailers.

StoreShippers, a same-day-delivery service that collects and delivers from store, has launched its services in Ireland. The Dutch logistics company is now active in 7 countries across Europe.