On-demand delivery platform Cartwheel has partnered with Square and The Restaurant Marketing and Delivery Association to offer a new delivery option for restaurants.
Square posted a 45% increase in revenue, but lower-than-expected bitcoin revenue dampened analysts’ enthusiasm for the Q3 results.
Some large buy-now, pay-later providers are dropping fees for late payments, and they could be digging themselves into a hole.
Square will acquire buy-now, pay-later firm Afterpay in a $29 billion stock transaction.
An improving economy and a $170 million investment in Bitcoin drove payment provider Square’s revenue up 266% and profits up 79%.
Foodetective has raised $2 million in seed funding to help it expand its multichannel restaurant commerce platform to new markets, including the United States.
Global payments technology provider Stripe has raised $600 million in a new funding round at a $95 billion valuation, making it the most expensive startup in the U.S.
As cryptocurrencies gain in popularity, more e-commerce brands and payment platforms are incorporating the coins into their payment systems.
Payment services provider Square posted 101% net revenue growth in 2020 over 2019 and 45% growth in net profit as it benefited from large growth in its Cash App division.
