Stripe is making another acquisition to expand the services it offers alongside its core payments product. The company is acquiring Recko, which has built a platform that lets businesses track and automate payments reconciliation. Recko is based out of Bangalore, India, and significantly this will be Stripe’s first acquisition in the country.
Boxed, an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, announced a partnership with 786 Holdings Limited to deliver e-commerce software and services technology to the Middle East and North Africa. The partnership is expected to initially launch in the Kingdom of Saudi Arabia and subsequently in the UAE, Egypt, Oman, Qatar, Bahrain, Turkey and Kuwait.
Cloud database Snowflake has launched the Media Data Cloud, a collection of advertising and customer data-related services that include first party identity resolution from Experian, data clean room from Habu, AI-based insights from DataRobot, privacy solutions from LTI, and Unified IS 2.0 and data activation from The Trade Desk. What’s special is these can all execute within Snowflake. Previously, users would have needed to export the data from Snowflake, process it, and re-import the results.
Changes in marketing channels and data access have made advertising measurement more important, and challenging, than ever. Taking advantage of growing interest in the topic, Bain Capital is selling Kantar Group’s audience measurement division, Kantar Media, to global investment firm H.I.G. Capital for “approximately $1 billion”. Kantar Media accounts for 4,500 of Kantar Group’s 25,000 employees.