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.
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.
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.
Retailers in Ireland are migrating online as the outbreak of the coronavirus has fueled ecommerce in the Western European country. Online sales are now a significant part of the retail offering for thousands of Irish companies.
Ecommerce platform provider xSellco, which operates Repricer.com, has acquired Lucid Interactive, the company behind RepricerExpress. As a result, an enhanced version of Repricer.com has been launched today.
Czech online optician Lentiamo is expanding in Europe again. The ecommerce company has now launched its online store in Ireland. From now on, Irish shoppers can order contacts, spectacles and sunglasses in the online Lentiamo shop.
Buymie, a grocery delivery start-up from Ireland, has signed a multi-year partnership agreement with Lidl Ireland. The two companies have been working together since 2019. Buymie also raised 2.2 million euros in funding.
Google has acquired Pointy, a startup that helps physical retailers with showcasing their products online. Pointy has been a partner of Google for years, for the search engine's "See what's in store" section that is shown on business profiles on Google search.
An Post has opened its new Dublin Parcel Hub, a 15 million euros investment in automated parcel processing. The logistics center is 50,000 square meters big and should significantly increase An Post's parcel processing capacity.
Just 69 percent of small and medium-sized enterprises in Ireland have a website. And only 32 percent of these online companies sell products or services online. By not selling online, SMEs are losing their share of the Ireland's €12.3 billion ecommerce market.