Consolidated eCommerce

European parking technology company EasyPark Group plans to acquire Atlanta-based payment facilitator ParkMobile, the two companies announced Tuesday. According to the announcement, ParkMobile leads the mobile parking app market in North America with more than 22 million users across 450 cities. Stockholm-based EasyPark Group operates in 2,200 cities across 20 countries. This acquisition marks the […]

Square announced this week that its industrial bank, Square Financial Services, has begun operations.

A lack of megamergers resulted in lower total investment in the payments space during 2020, but the number of deals remained high – indicating that the space is still attractive to investors. In fact, the payments sector dominated investment in fintech during the past year.

GiveSignup announced on Wednesday that it had closed its Series A funding round, raising a total of $3.2 million. The event and donation platform for nonprofit organizations was created by payment facilitator RunSignup.

Restaurant industry payment facilitator Toast is contemplating an IPO, according to a report in the Wall Street Journal. An offering could value the company at as much as $20 billion.

Like so many companies that provide online and digital solutions for businesses, Shopify saw sharp growth this past year in the number of merchants on its platform. And as the company’s merchant base grew, so did its payments revenue.