Rakuten

E-commerce tracking firm AfterShip lands $66M funding round

E-commerce shipment tracking platform AfterShip has landed a $66 million Series B round of funding led by Tiger Global Management. The company previously raised a $2 million Series A1 in 2019 led by 10Fund and a $1 million Series A in 2014 led by China’s IDG Capital Partners, according to data compiled by Crunchbase.

Founded by Andrew Chan, the Hong Kong-based company provides e-commerce shipment tracking and has partnerships with over 700 carriers worldwide tracking over 6 billion shipments,...

https://www.freightwaves.com/news/e-commerce-tracking-firm-aftership-lands-66m-funding-round

Cryptocurrencies gaining traction as e-commerce payment option

A number of sellers are diving headfirst into cryptocurrencies as a form of payment for e-commerce purchases. The latest is Japanese e-commerce giant Rakuten.

In its year-end earnings report, Square (NYSE: SQ) said it had purchased approximately 3,318 bitcoins at a cost of $170 million. The company previously had purchased $50 million in bitcoin. The total of approximately $220 million represents roughly 5% of Square’s total cash, cash equivalents and marketable securities on hand as of Dec. 31,...

https://www.freightwaves.com/news/cryptocurrencies-gaining-traction-as-e-commerce-payment-option

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