Envolve Tech, a retail tech company from Wales, has entered the US market. The Newport-based company has launched an office in New York. The expansion follows after raising over 800,000 euros last year.
The United Kingdom
London fintech company Checkout.com has raised 450 million dollars (370 million euros) in a Series C round. The company is now valuated at over 12 billion euros and is looking to expand its business further abroad.
Post Office and other carriers in the United Kingdom are warning that any parcel containing gifts or goods that are being sent to an EU country must have a customs declaration form attached to it. This is the result of the Brexit, which became fully operational on the first of January.
OnBuy, a major online marketplace from the United Kingdom, has started an aggressive global expansion plan. The company wants to launch into more than 140 countries by the end of 2023. The plans follow after securing 5.5 million euros in a Series A funding round last June.
Thrasio, a large acquirer of Amazon FBA businesses, has announced a commitment of 200 million pounds (220 million euros) to complete acquisitions of ecommerce companies in the United Kingdom. It has also announced the acquisition of Maximo Fitniss, its 11th acquisition in the UK.
Paul Marchant, CEO of Irish fast-fashion retailer Primark, doesn’t agree with claims that the coronavirus has made shoppers move permanently to online shopping. He calls people claiming there’s an inevitable and permanent shift to ecommerce “wrong and naïve”.
Engineering distributor group Troy UK has launched a new B2B2C platform. The platform, called Troy Commerce, allows members to procure products from the Order hub, but also enables them to design their own ecommerce stores.
Heroes, a company from the United Kingdom, has raised 65 million dollars (55 million euros) in a round led by Fuel Ventures and 360 Capital Partners. The company acquires, operates and scales small and medium-sized ecommerce brands that sell on Amazon.
Bookshop.org is a new initiative that wants to support local independent booksellers. After a successful launch in the US earlier this year, the platform has now launched in the United Kingdom.
The usage of PayPal in Europe is highest in the United Kingdom. That country counted more than 330,000 daily active PayPal users last year.
Royal Mail has launched a new service, called Parcel Collect, across the United Kingdom. Its postmen and postwomen will now not only deliver parcels on their daily round, but also collect them as well.
About four in ten Brits (39 percent) have signed up for a paid subscription scheme or delivery pass, which means they pay a monthly fee to get free delivery and other extras. And among these schemes, Amazon Prime is the most popular paid subscription service.
DPD UK has revealed that over 3,000 parcel shops from Collect+ will be added to its network of pick-up points. The deal will expand the network to over 6,000 stores nationwide.
Nowadays, the average shopper in the United Kingdom spends 83 pounds (about 91.5 euros) per month online. Last year, this was 75 pounds (82.7 euros). The coronavirus outbreak has for sure contributed to this 11 percent year-on-year increase.
Dutch shipping software provider Sendcloud will be available in the United Kingdom starting today. The British expansion is a logical next step in the company’s mission to offer its service across Europe. Previously, Sendcloud also expanded to Germany and France as well as other markets.