Wednesday, November 3, 2021

AlleyWatch

AlleyWatch

Accrue Savings Raises $4.7M to Help Consumers Save For Purchases Through Incentives Provided by Brands

Posted: 03 Nov 2021 05:57 AM PDT

The behavioral shift to online purchases during the pandemic led to a meteoric rise in the use of Buy Now, Pay Later solutions ($97B in 2020), which has garnered significant attention. So much so that, just yesterday, the House Subcommittee of Financial Services held a hearing focused on the risks and benefits of BNPL. According to Credit Karma, 34% of those who have used BNPL have fallen behind on one or more payments. Accrue Savings is an innovative new offering launching today that's pushing consumers towards more prudent spending through incentive-based savings tied to specific purchases rather than incurring point-of-sale debt as with BNPL. Consumers using Accrue are given FDIC-insured accounts and are rewarded for meeting savings milestones in the form of cash rewards from brands, building a pipeline of future purchases for participating brands while creating brand loyalty. Friends and family are also able to contribute towards the savings plan. AlleyWatch caught up with Accrue Savings CEO and Founder Michael Hershfield to learn more about the problem the historical disconnect between technology and savings that Accrue addresses, the company's strategic plans, launch, and recent funding from investors that include Twelve Below, Box Group, Groundup, Good Friends, Red Sea Ventures, Center Street Partners, and many seed investors including Scott Belsky, Gokul Rajaram, and many other NYC angels and operators.

Abound Nabs Another $36.7M for its Marketplace for Independent Retailers

Posted: 03 Nov 2021 02:57 AM PDT

Independent retailers rarely have enough time to source products for their stores in addition to managing their day-to-day responsibilities. Instead, discovery happens when distributors visit the store with products in-hand or when someone from the retailer's side is able to attend tradeshows. Emerging brands are seeking retail shelf space but don't have the huge sales staff necessary to visit retailers one by one. Abound is an online wholesale marketplace that connects retailers to brands Retailers are given a relationship-building platform that lets them access a curated selection of products from vetted brands spanning various product categories like Accessories, Baby & Kids, Beauty, Food & Drink, Home, and Jewelry while getting flexible payment and return terms; the brands are able to secure retail placements through the platform; at scale. Founded in 2017, the platform now features over 400,000 products available to 40,000 active retailers in the US and the UK. AlleyWatch caught up with Abound Cofounder and CEO Bill Shope to learn more about the inspiration for the business, the company's future plans, and latest round of funding from investors that include D. E. Shaw, PointState Capital, Left Lane Capital, RiverPark Ventures, and All Iron Ventures.

The AlleyWatch Startup Daily Funding Report: 11/2/2021

Posted: 02 Nov 2021 08:27 AM PDT

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 11/2/2021 featuring funding details for Marker Learning, Scope Security, and much more.

The AlleyWatch October 2021 New York Venture Capital Funding Report

Posted: 02 Nov 2021 07:27 AM PDT

Another $2.7B pumped into NYC startups in October (up 191% from 2020) as the tech ecosystem puts the pandemic in the rear-view mirror! Aggregate statistics for all NYC funding deals by stage of funding (Early, Series A, Series B, and Late) including mention of notable rounds for October 2021.
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

guest post needed

Hi I hope you're doing well. I'm reaching out to discuss the possibility of publishing articles on your website. Along with guest ...