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Cart-e Blanche: Navigating a Brave New E-Commerce World

Revolution

The Rise of the Rest-backed startup centralizes and consolidates the international shipping process by integrating directly into retailers’ shopping carts and, from there, quotes the best shipping rates, guarantees duties and taxes, provides end-to-end tracking, and manages compliance challenges. Stay tuned.

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Shopic lands $35M to bring its item-scanning ‘smart cart’ tech to more stores

TechCrunch

He’s the co-founder of Shopic , a startup that sells clip-on touchscreen hardware for shopping carts that identify items to display promotions while acting as a self-service checkout window. Hence, we developed Shopic’s unique smart cart solution.” Investors see potential. Image Credits: Shopic.

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Web building platform Duda snaps up e-commerce cart tool Snipcart

TechCrunch

Duda announced Wednesday that it acquired Canada-based Snipcart , a startup that enables businesses to add a shopping cart to their websites. The acquisition is Palo Alto-based Duda’s first deal, and follows the website development platform’s $50 million Series D round in June that brings its total funding to $100 million to date.

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ThriveCart, which sells tools to build e-commerce carts, raises $35M

TechCrunch

Often, first-time e-commerce entrepreneurs don’t know what they need to build an effective funnel and cart experience for their platforms. According to one source , the average cart abandonment rate across all industries is 69.57%. ThriveCart’s competitors include Gum Road and SamCart on the cart and checkout side.

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Remote-controlled delivery carts are now working for the local Los Angeles grocer

TechCrunch

Tortoise, the one-year-old Silicon Valley startup known for its remote repositioning electric scooters, has taken its tech and adapted it to delivery carts. Each customer, which includes Kosher Express, has two to three carts that can be used to make deliveries up to a three-mile radius from the store.

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Fintech Startup MoneyHash Gains Global Funding for Middle East and Africa Payments Platform

American Entrepreneurship

In addition, high fraud rates, cart abandonment, and failed transactions are three times more likely to occur when compared to global averages. Fraud rates and cart abandonment are over 20% higher than in developed markets, says Nader Abdelrazik, co-founder and CEO of MoneyHash.

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Arrow saves online shopping carts in Southeast Asia

TechCrunch

Even in markets where credit card penetration is high, shopping cart abandonment is still a major source of concern for online vendors. Bank transfers are also popular option for online purchases, but involve several steps, which increases the risk of cart abandonment.

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