Retail and eCommerce highlights this week include: Sales enablement software provider, sales-i, announced a strategic partnership with Naveo Commerce, an end-to-end eCommerce, OMS and fulfilment technology provider. e.fundamentals, the digital shelf analytics provider announced a partnership with PepsiCo’s to power its eCommerce growth in Europe.
TruNarrative launch new Identity Verification and Anti-Money Laundering product, TruPortal, to professional services market. Copado Closes $96 Million Investment led by Insight Partners and Salesforce Ventures tol accelerate innovation and adoption. Fast-growing linen brand Piglet has opted for Brightpearl as the brand begins the next chapter in its expansion and success story.
Sales-i teams up with Naveo Commerce to deliver sales insight
Sales enablement software provider, sales-i, announced a strategic partnership with Naveo Commerce, an end-to-end eCommerce, OMS and fulfilment technology provider. Naveo Commerce will provide users with a view of customer accounts and key purchasing behaviours through sales-i’s software.
The sales-i software provides businesses to identify and take advantage of cross and up-selling opportunities. It gives them the confidence to make more accurate, data-driven decisions on sales strategy that are supported by real-time analytics.
The two companies will work with thousands of growing businesses across UK and internationally to develop eCommerce and sales strategies.
PepsiCo chooses e.fundamentals to support eGrowth in Europe
e.fundamentals, the digital shelf analytics provider has announced a partnership with PepsiCo to supports its eCommerce growth in Europe. The strategic partnership is designed to support PepsiCo with critical digital shelf performance analytics technology. The contract is expected to deliver intelligence for PepsiCo’s brands in 10 different countries from across European e-retail partners. The countries include France, Germany, Spain and the UK. The partnership enables PepsiCo to use retailer category eCommerce analytics data to optimise their search positioning and product visibility. This will be important for retailers like Amazon, Tesco and Carrefour.
TruNarrative launch new Identity Verification and Anti-Money product
RegTech firm TruNarrative has expanded its product line-up with new Know Your Customer (KYC) and Anti-Money Laundering (AML) solution TruPortal. The platform is designed specifically for low-volume users.
Established in 2016, TruNarrative’s orchestration and decisioning solution is trusted as a critical supplier by top-tier financial institutions, banks, payments services, and ecommerce businesses.
TruNarrative’s customers benefit from the latest AI-driven Onboarding, Risk Rating and Transaction Monitoring technology for Behavioural & Account Monitoring, Fraud Prevention, and Anti-Money Laundering (AML). Delivered through their cloud-based Software-as-a-Service (SaaS) Risk & Financial Crime platform, TruNarrative offers close to 100 pre-integrated third-party data sources covering 50+ countries.
Businesses are obliged to verify, investigate, and monitor their customer base for fraud prevention and anti-money laundering purposes. This is required to adhere to evolving compliance requirements including tightening regulation, including the 5th and 6th EU Anti-Money Laundering Directive.
TruPortal gives businesses access to a host of checks, including Credit-Reference Agency-derived Identity Verification; PEP (Politically Exposed Persons) & Sanctions checks; and automated Document Verification for multiple document types including UK & EU Driving Licenses, Passports, and Identity Cards. In addition, TruPortal incorporates an extensive Business Verification suite, including Company Verification; Director, Ultimate Beneficial Owner (UBO), and Shareholder information. This is in addition to Anti-Money Laundering & Adverse Media checks, and Business Credit Reports.
The company aims to make Know-Your-Customer (KYC) & Know-Your-Business (KYB) due diligence checks simple, quick and easy to perform. TruPortal facilitates compliance with the regulatory obligations around client verification and anti-money laundering.
Copado Closes $96 Million investment Series B funding
Copado, a DevOps platform enabling digital transformations has closed $96 million in Series B funding. This brings the total funds invested in the company to $117 million. The financing was co-led by Insight Partners and Salesforce Ventures. Additional investment came from Lead Edge Capital, ISAI Cap Venture (Capgemini and ISAI joint fund), and Perpetual Investors. Copado will use the new funding to expand its leading enterprise DevOps platform and fuel international growth.
Copado enables digital teams to move fast, with quality and governance required to safely connect and master a multi-cloud network. In the past 12 months, the company has grown from nearly 200 to over 1,000 customers. These customers rely on its DevOps platform to build, deliver and monitor up to 50% more value from their cloud investments. The company recorded 120% growth in annual recurring revenue (ARR) and plans to double again in 2021. Copado also more than doubled its workforce, with over 220 employees worldwide.
Piglet selects Brightpearl to support international growth
Linen brand Piglet selected Brightpearl to support its global expansion plans. Piglet gains access to Brightpearl’s specialist operations platform that supports the brands international eCommerce growth strategy. The firm now joins an extensive family of brands selecting Brightpearl to integrate with their Shopify-powered e-commerce store, in order to benefit from an integrated all-in-one solution that supports the seamless management of a growing multi-location operation.
Piglet selected Brightpearl despite competition from firms like TradeGecko and Netsuite. Brightpearl’s world-beating suite of integrations, retail specialism and advanced fulfilment features made it a snug fit to support the brand’s ambitious international growth plans.
With Brightpearl integrated into the business infrastructure, Piglet will benefit from full visibility, alongside centralised inventory and order management. The solution also provides real-time product and financial reporting, and a platform built for scalability. In addition, Brightpearl’s platform addresses the firm’s key considerations around warehouse management and demand planning. It enables automation of Piglet’s operational processes – eliminating time-consuming manual processes and cumbersome workflows in a single stroke.