In today’s top news, Amazon is looking to bring tCommerce to its consumers, the SEC has warned investors about SPACs being touted by celebrities, and Grab could be worth $40 billion if it goes public through SPAC.
Amazon is experimenting with tCommerce – making content accessible for shopping by allowing the purchase of goods directly from TV screens while watching programs. The goal over time is to connect the Amazon Video ecosystem to the Amazon Commerce ecosystem.
This week, the Securities and Exchange Commission warned investors about special purpose acquisition companies (SPACs) being touted by celebrities, warning that celebrity investing does not mean the SPAC is “suitable for all investors.”
Singapore’s grave could reach a valuation of up to $40 billion if talks with special purpose vehicle (SPAC) Altimeter Capital Management LP solidify into a deal. If an agreement is reached, it will break records as the largest SPAC merger to date.
African fintech startup Flutterwave has raised $170 million in a Series C funding round, bringing its total fundraising to $225 million since its founding five years ago. The company’s mission is to develop an optimized pan-African platform that “simplifies payments for everyone” on a continent with a highly fragmented payments ecosystem.
Craftsmen who are just starting out sometimes cannot afford quality work equipment. But access to installment plans can give them the flexibility to buy such products, says Anna Cole of workwear retailer Carhartt. In the Buy Now, Pay Later Tracker, Cole explains how flexible payment plans help workwear brands attract new customers earlier in their careers and get larger, more frequent orders.
Will the crypto market ever calm down? There’s a school of thought that says it will be. As Ken Lewis, CEO of precious metal trading company APMEX, told PYMNTS, cryptos are likely to become a widely used payment mechanism and are currently a valid part of portfolio construction and management.
Double-digit percentage point gains marked Coupang’s first day as a public company. Yes, initial public offering (IPO) markets have been buoyant. What could that say about the pull of e-commerce on the street – is this just a case of a rising IPO tide lifting all boats?