Shopify takes stake in Faire as part of new partnership
Shopify merchants will get access to Faire products while Shopify POS becomes Faire’s preferred provider.
Retail
UK-based Captain AI will relocate to Canada after closing $2.1 million USD to serve restaurants in North America
GreenSky, Techstars-backed Captain AI already caters to Pizza Pizza.
Waabi partners with Uber Freight to deploy its autonomous trucking tech
Waabi’s self-driving solution has already hit the road in Texas as part of 10-year agreement.
R|T: The Retail Times – Amazon is trying to control inventory deeper in the supply chain
Plus: Attabotics settles patent litigation with Urbx.
R|T: The Retail Times – Has the FTC taken the first step to break up Amazon?
Plus: Behind the scenes of Shopify’s Buy with Prime deal and Flexport’s ousting of CEO Dave Clark.
Attabotics, Urbx settle litigation over robotic storage patents
Following mutual resolution, both startups agree to no more public statements.
R|T: The Retail Times – Shopify and Amazon strike a deal
Plus: Benitago files for bankruptcy.
R|T: The Retail Times – TikTok to remove its Storefront integration, Instacart officially files for IPO
Plus: Hopper scores Air Canada partnership with embedded FinTech.
TikTok to remove ‘Storefront’ integration with Shopify and others, pushing merchants to use TikTok Shop
As one integration ends, Shopify adds another: USDC payments through Solana Pay.
R|T: The Retail Times – Instacart is planning an IPO for as soon as September
Plus: Amazon wants you to pay with your palm.
Hopper continues embedded FinTech push with Air Canada partnership
FinTech offerings now represent half of Hopper’s app revenue.
R|T: The Retail Times – Amazon reduces private-label operation as it battles costs, regulators
Plus: FinTech platforms are leaning more heavily on buy now, pay later.
R|T: The Retail Times – Shopify and Lightspeed bring positive earnings to pessimistic markets
Plus: Uber is finally making money after years of losses.
R|T: The Retail Times – Shopify adds new merchant tools, loses long-time VP
Plus: Shein makes an aggressive pitch to woo US Amazon sellers.
Shopify posts positive revenues in Q2 2023 for third quarter running
Ottawa e-commerce giant posts higher losses, but GMV grows.