Outvio, an Estonian startup that provides a white-label SaaS fulfillment solution for medium-sized and large online retailers in Spain and Estonia, has closed a $3 million early-stage financing round led by Change Ventures. Also participating were TMT Investments (London), Fresco Capital (San Francisco), and Lemonade Stand (Tallinn). Several angels also joined the round including James Berdigans (Printify) and Kristjan Vilosius (Katana MRP). This is the startup’s first institutional round of funding, after bootstrapping since 2018.
Online retailers usually have to use a number of different tools or hire expensive developers to create in-house shipping solutions. Outvio offers online stores of any …
Hepsiburada — Turkey’s giant online shopping platform considered the Amazon of its country — floats on the Nasdaq today, for a valuation likely to exceed $3.9 billion on current projections, especially with shares being marked up to $14 apiece (up from the previously predicted $12 pricing). Bu this isn’t the end of the journey for this break-out Turkish tech and e-commerce company, for long-time founder and chairwoman Hanzade Doğan Boyner – who started the business in 1998 no less, and still has overall control of the company – considers this closer to a growth round of funding, enabling her ambitious plans to mine Turkey’s …
At its Worldwide Developer Conference, Apple announced a significant update to RealityKit, its suite of technologies that allow developers to get started building AR (augmented reality) experiences. With the launch of RealityKit 2, Apple says developers will have more visual, audio, and animation control when working on their AR experiences. But the most notable part of the update is how Apple’s new Object Capture technology will allow developers to create 3D models in minutes using only an iPhone.
Apple noted during its developer address that one of the most difficult parts of making great AR apps was the process of …
If you ever bought power banks, water bottles, toys, or other daily goods on Amazon, the chances are your suppliers are from China. Analysts have estimated that the share of Chinese merchants represented 75% of Amazon’s new sellers in January, up from 47% the year before, according to Marketplace Pulse, an e-commerce research firm.
Chinese sellers are swarming not just Amazon but also eBay, Wish, Shopee and Alibaba’s AliExpress. The boom is in part a result of intense domestic competition in China’s online retail world, which forces merchants to seek new markets. Traditional exporters are turning to e-commerce, cutting …
So einfach geht Geldverdienen im Internet!Während der Corona-Krise überlegen viele Menschen, wie sie sich online etwas dazu verdienen können. BILD besucht Menschen in ganz Deutschland, die ihre persönlichen Tricks verraten, wie sie sich ein zweites Standbein mit einfachsten Mitteln aufgebaut haben. Carmen Zwosta aus Bamberg strickt, häkelt und knotet Makramee-Lampen – die verkauft sie über Ebay-Kleinanzeigen und ihren Web-Shop.
In North America, shoppers are increasingly turning to online orders to buy their products.
National postal services have seen a significant uptick in parcel volumes; so many that the number matches those sent during the Christmas surge — minus the wrapping paper. But although the pandemic has acted as a catalyst for online shopping, it’s part of a continuing trend.
The online sector has slowly been eating up the percentage of sales from retail stores. Virtual shopping’s total share of the global market has doubled between 2015 and 2019, with the U.S. Department of …
Walmart+, the retailer’s lower cost alternative to Amazon Prime offering same-day delivery of groceries and other items, is making its service more appealing with today’s launch of a new perk. The company says that starting on Friday, December 4, it will remove the $35 shipping minimum on orders from Walmart.com for its members. However, this doesn’t apply to the same-day orders of groceries or other items fulfilled by Walmart stores, but rather online shopping where orders are placed through Walmart’s traditional e-commerce channels.
That means there’s no longer a minimum order requirement on the next-day and …
Black Friday — the day that launched 1,000 other shopping holidays — may have lost its place as the “start” of the Christmas shopping season by now (it gets bigger and earlier with each passing year). But the day after Thanksgiving still pulls in a crowd of buyers looking for a bargain and remains a major bellwether for tracking how sales will progress in what is the most important period for the retail and commerce sector.
This year saw growth, but at the low end of the predicted range.
Adobe, which is following online sales in real-time at 80 of the top 100 retailers in …
You wait ages for foot scanning startups to help with the tricky fit issue that troubles online shoe shopping and then two come along at once: Launching today in time for Black Friday sprees is Xesto — which like Neatsy, which we wrote about earlier today, also makes use of the iPhone’s TrueDepth camera to generate individual 3D foot models for shoe size recommendations.
The Canadian startup hasn’t always been focused on feet. It has a long-standing research collaboration with the University of Toronto, alma mater of its CEO and co-founder Sophie Howe (its other co-founder and chief scientist, Afiny Akdemir, is also pursuing a Math PhD there) — and was actually founded back in 2015 to explore business ideas in human computer interaction.
But Howe tells us it moved into mobile sizing shortly after the 2017 launch of the iPhone X — which added a 3D depth camera to Apple’s smartphone. Since then Apple has added the sensor to additional iPhone models, pushing it within reach of a larger swathe of iOS users. So you can see why startups are spying a virtual fit opportunity here.
“This summer I had an aha! moment when my boyfriend saw a pair of fancy shoes on a deep discount online and thought they would be a great gift. He couldn’t remember my foot length at the time, and knew I didn’t own that brand so he couldn’t have gone through my closet to find my size,” says Howe. “I realized in that moment shoes as gifts are uncommon because they’re so hard to get correct because of size, and no one likes returning and exchanging gifts. When I’ve bought shoes for him in the past, I’ve had to ruin the surprise by calling him – and I’m not the only one. I realized in talking with friends this was a feature they all wanted without even knowing it… Shoes have such a cult status in wardrobes and it is time to unlock their gifting potential!”
Howe slid into this TechCrunch writer’s DMs with the eye-catching claim that Xesto’s foot-scanning technology is more accurate than Neatsy’s — sending a Xesto scan of her foot compared to Neatsy’s measure of it to back up the boast. (Aka: “We are under 1.5 mm accuracy. We compared against Neatsy right now and they are about 1.5 cm off of the true size of the app,” as she put it.)
Another big difference is Xesto isn’t selling any shoes itself. Nor is it interested in just sneakers; its shoe-type agnostic. If you can put it on your feet it wants to help you find the right fit, is the idea.
Right now the app is focused on the foot scanning process and the resulting 3D foot models — showing shoppers their feet in a 3D point cloud view, another photorealistic view as well as providing granular foot measurements.
There’s also a neat feature that lets you share your foot scans so, for example, a person who doesn’t have their own depth sensing iPhone could ask to borrow a friend’s to capture and takeaway scans of their own feet.
Helping people who want to be bought (correctly fitting) shoes as gifts is the main reason they’ve added foot scan sharing, per Howe — who notes shoppers can create and store multiple foot profiles on an account “for ease of group shopping”.
“Xesto is solving two problems: Buying shoes [online] for yourself, and buying shoes for someone else,” she tells TechCrunch. “Problem 1: When you buy shoes online, you might be unfamiliar with your size in the brand or model. If you’ve never bought from a brand before, it is very risky to make a purchase because there is very limited context in selecting your size. With many brands you translate your size yourself.
“Problem 2: People don’t only buy shoes for themselves. We enable gift and family purchasing (within a household or remote!) by sharing profiles.”
Xesto is doing its size predictions based on comparing a user’s (<1.5mm accurate) foot measurements to brands’ official sizing guidelines — with more than 150 shoe brands currently supported.
Howe says it plans to incorporate customer feedback into these predictions — including by analyzing online reviews where people tend to specify if a particular shoe sizes larger or smaller than expected. So it’s hoping to be able to keep honing the model’s accuracy.
“What we do is remove the uncertainty of finding your size by taking your 3D foot dimensions and correlate that to the brands sizes (or shoe model, if we have them),” she says. “We use the brands size guides and customer feedback to make the size recommendations. We have over 150 brands currently supported and are continuously adding more brands and models. We also recommend if you have extra wide feet you read reviews to see if you need to size up (until we have all that data robustly gathered).”
Asked about the competitive landscape, given all this foot scanning action, Howe admits there’s a number of approaches trying to help with virtual shoe fit — such as comparative brand sizing recommendations or even foot scanning with pieces of paper. But she argues Xesto has an edge because of the high level of detail of its 3D scans — and on account of its social sharing feature. Aka this is an app to make foot scans you can send your bestie for shopping keepsies.
“What we do that is unique is only use 3D depth data and computer vision to create a 3D scan of the foot with under 1.5mm accuracy (unmatched as far as we’ve seen) in only a few minutes,” she argues. “We don’t ask you any information about your feet, or to use a reference object. We make size recommendations based on your feet alone, then let you share them seamlessly with loved ones. Size sharing is a unique feature we haven’t seen in the sizing space that we’re incredibly excited about (not only because we will get more shoes as gifts :D).”
Xesto’s iOS app is free for shoppers to download. It’s also entirely free to create and share your foot scan in glorious 3D point cloud — and will remain so according to Howe. The team’s monetization plan is focused on building out partnerships with retailers, which is on the slate for 2021.
“Right now we’re not taking any revenue but next year we will be announcing partnerships where we work directly within brands ecosystems,” she says, adding: “[We wanted to offer] the app to customers in time for Black Friday and the holiday shopping season. In 2021, we are launching some exciting initiatives in partnership with brands. But the app will always be free for shoppers!”
Since being founded around five years ago, Howe says Xesto has raised a pre-seed round from angel investors and secured national advanced research grants, as well as taking in some revenue over its lifetime. The team has one patent granted and one pending for their technologies, she adds.
PayPal announced this morning that its customers can now use either PayPal or Venmo QR codes when checking out at over 8,200 CVS retail stores across the U.S. This is the first national retailer to integrate PayPal’s QR code checkout technology at point-of-sale, the company noted. The additional checkout option will also expand the number of ways customers can pay “touch-free” at CVS — a way to transact that’s become increasingly popular as the coronavirus outbreak continues to spread across the country.
CVS and PayPal announced their plans to cooperate on a point-of-sale solution back in July. At the time, they pegged the timeframe for the rollout as sometime in Q4 2020.
The QR code checkout process itself will pull the funds needed for the purchase from the customer’s existing PayPal or Venmo account balance, bank account, or from a debit or credit card, just as it would if the transaction was taking place online. Venmo users will additionally have the option to utilize their Venmo Rewards.
Image Credits: PayPal
The transaction does not include any fees, PayPal says. Plus, CVS’ ExtraCare Rewards Program members will still be able to redeem and apply savings using their ExtraCare account when using PayPal’s QR code checkout.
The entire transaction can be touch-free, as it involves QR code scanning as opposed to using a card that has to be swiped or inserted into a terminal or numbers punched into a keypad.
The new option arrives at a time when CVS says it’s seeing increased demand for contactless payments.
Since January, CVS has seen a 43% increase in touch-free transactions, according to data from Forrester. In addition, 11% of the U.S. population says they’re now using a digital payment method for the first time as a result of the pandemic, PayPal noted. The company’s own research also indicated that 57% of consumers said merchants’ digital payment offerings impacted their decisions to shop in their stores.
To use the new QR code checkout option, customers will first launch either their PayPal or Venmo app, click the “Scan” button, then select the “show to pay” option.
The new checkout experience was made possible through PayPal’s partnership with payments technology provider InComm, which distributed the PayPal QR code technology through its cloud-based software updates to make the feature available at point-of-sale.
While CVS is the first national retailer to rollout PayPal’s QR code checkout, PayPal said it has 10 other major retailers signed up for a similar rollout, including Nike, Tumi, Bed Bath & Beyond, and Samsonite, among others. It’s in discussions with well over 100 large retailers about the technology, as well.
“The launch of PayPal and Venmo QR codes in CVS Pharmacy stores will not only provide health-conscious customers with a touch-free way to pay at checkout, but also brings the safety and security of PayPal and Venmo transactions into the store with shoppers,” said Jeremy Jonker, PayPal Senior Vice President Head of Consumer In-Store and Digital Commerce, in a statement. “We are thrilled that PayPal and Venmo QR codes will help to maintain the safety of CVS customers and employees, especially in the essential pharmacy retail environment as we go into the winter months.”