The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week!
PayPal launches loans in Canada for small business owners(BETAKIT)
PayPal has announced it is now offering loans ranging between $5,000 and $100,000 to select small business owners in Canada.
Commercetools raises $145M from Insight for Shopify-style e-commerce APIs for large enterprises(TECHCRUNCH)
The funding comes at the same time that commercetools is getting spun out by REWE, a German retail and tourist services giant that acquired the startup in 2015 for an undisclosed amount.
Fast-fashion ecommerce startup Styched raises angel funding(YOURSTORY)
The Bengaluru-based startup plans to use the funds to grow its team, open hubs across the country and abroad, for product and marketing initiatives, and to enhance the customer experience.
Blueground raises $50 million for extended-stay lodging(SKIFT)
Blueground, a real estate company that provides extended-stay lodging for stays of a month or longer, has raised $50 million in a Series B round.
Lightspeed to bolster Asia-Pacific presence with acquisition of Australia-based Kounta(BETAKIT)
Lightspeed POS has entered into an agreement to acquire Australia-based Kounta Holdings, a cloud-based POS solution provider for hospitality SMBs.
Whole foods and dairy startup NutriMoo raises $1M funding(VCCIRCLE)
The company will use the funds for market expansion and invest in product and backward linkages, NutriMoo said in a statement.
YellowHeart allows musicians and concert organizers to take more control of resold tickets(TECHCRUNCH)
YellowHeart can allow a musician, concert venue or other “event initiator” to set up rules for how their tickets are resold.
Snap launches dynamic ads to draw more advertisers(FINANCIALPOST)
Snap Inc. said it is introducing dynamic advertising that automatically create ads and target audiences in real-time, as the parent company of photo messaging app Snapchat looks to compete for digital ad dollars.
Amazon expands Counter in-store package pickup service to thousands more retail locations(GEEKWIRE)
Amazon is expanding a program that turns physical retail stores into package pickup centers, a move that further grows the company’s logistics network and creates another option for customers to retrieve orders.
Samsung enters mobile POS market with exclusive Canadian launch(BETAKIT)
Samsung Electronics Canada is making its point of sale technology available exclusively in Canada.
