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The Information – Payments Startups Edge Out Shopify Rivals in VC Sweepstakes

The Information Payments Startups Edge Out Shopify Rivals in VC Sweepstakes — The Information Visit
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  • The Information – Payments Startups Edge Out Shopify Rivals in VC Sweepstakes

Spurred by record levels of online shopping, investors have rushed to back e-commerce software companies.

Spurred by record levels of online shopping, investors have rushed to back e-commerce software companies this year. As they did so, they shifted their bets to startups that process digital payments and power online checkout, such as Klarna and Rapyd.

Investment in e-commerce software companies—a group that includes firms working behind the scenes on payments or supporting websites, but not the online retailers themselves—rose 51% in the first half of this year from the figure for all of last year, to $12.4 billion, according to data from CB Insights.

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