Retail and eCommerce highlights this week include: KeyBank selects BlueSnap for expanded payment gateway options to support global eCommerce. OKEO, a digital payment service provider for European entrepreneurs and businesses, announced their successful go-live on the cloud banking platform, Mambu. DotCMS has partnered with Raak Creative to offer an additional variety of options for Raak clients’ content management system needs. Dukkantek says demand surges for digital transformation services to improve business processes as it seals $10m funding.
KeyBank selects BlueSnap for expanded payment gateway
BlueSnap, a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimise digital payments will be a provider for KeyBank’s US gateway functionality. BlueSnap’s payments orchestration platform will be available for the bank’s middle market and institutional clients in the eCommerce space. With BlueSnap, KeyBank can offer its clients more robust payment options with additional functionalities.
With one integration and contract, businesses can sell in more than 200 regions with access to local card acquiring in 47 countries, 100+ currencies and 100+ global payment types, including popular eWallets, automated accounts receivable, world-class fraud protection and chargeback management, built-in solutions for regulation and tax compliance, and unified global reporting.
OKEO delivers seamless multi-currency payments on Mambu
OKEO, a digital payment service provider for European entrepreneurs and businesses, completed a successful go-live on the new cloud banking platform, Mambu. OKEO helps customers save time and money by providing access to modern and professional banking services. Mambu’s composable platform enables OKEO to offer multi-currency foreign exchange payments, at rates up to five times better than traditional banks, and delivery times ranging from minutes to a maximum one business day, irrespective of the currency chosen.
Founded in 2019 in Vilnius, Lithuania, OKEO is an all-in-one payments platform designed to maximise cost efficiency and empower businesses with greater control over their finances. The fintech provides fully-fledged business IBAN accounts and online banking with an intuitive interface that allows teams to manage their profiles, set permissions and limits, and carry out payment transactions.
To build their new multi-currency product, OKEO examined the wider core banking market to find the most flexible, scalable and secure solution. In particular, they prioritised a configurable cloud-native platform that is designed for easy implementation and fast deployment, and can facilitate regulatory processes and integrations to the European payment schemes. OKEO selected Mambu and following a nine-month implementation, has successfully launched its new offering.
Currently OKEO is building a Single European Payments Area (SEPA) instant payments service on Mambu, and will be adding it to the storefront within the next few months, enabling customers to process their Euro payments across the European Economic Area in seconds.
dotCMS partners with Raak Creative to expand services to Pacific region
dotCMS, a leading content management system, has partnered with Raak Creative to offer an additional variety of options for Raak clients’ content management system needs. Founded in 2014, Raak Creative works with developers and designers to help companies grow their business by creating striking, fully integrated, and well-crafted websites. Imagine working with developers who understand design. Designers who care about the user. Raak is a team that wants to grow your business.
Based in Melbourne, Australia, Raak serves ‘best-of-breed’ eCommerce businesses all over the world. Partnering with Raak Creative allows dotCMS to grow its partner ecosystem to better serve eCommerce companies globally.
Remaining agnostic for its clients, Raak Creative has added dotCMS to its stack of headless content management systems offered to clients looking to digitally transform their website.
Dukkantek seals $10m funding round for digital retail in MENA
Store management platform Dukkantek has scaled across the MENA region as SMB retailers adopted their tech for customer services, business processes and faster growth. In supporting this growth, Dukkantek announced an oversubscribed $10m pre-series A funding round as it powers the digital ecosystem for 13 million SMB retailers across the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia and is looking for more opportunities in North Africa.
The funding round was led by BECO with significant participation from Rocketship and Colle Capital. Other strategic investors in the round included Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital. The funding round follows their $5.2m seed round in October 2021, taking their total funds raised to $15.2m.
Dukkantek was founded in January 2021. Originally conceived as a service aimed at retailers in the grocery sector, the merchants on the platform now span 70 different verticals, with clothing and electricals particularly prominent alongside food and drink. It has already attracted more than thousands of customers for its suite of services empowering traditional merchants with end-to-end digital technology that improves all business processes. It enables these retailers to run their bricks and mortar stores more efficiently and productively and to make the leap into eCommerce.
