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Merchants dropped over fake reviews and ratings are rushing to sell on the brick-and-mortar giant’s online site to reach U.S. consumers. Ever since Amazon.com Inc.
According to the Wall Street Journal, retail giant Walmart announced that it will acquire two fintech startups including Even Responsible Finance, which Walmart already uses to offer its employees early wage access, and ONE Finance, a neobank.
Here’s What’s Driving Latin America’s Rank As The World’s Fastest-Growing Region For Venture Funding
For Latin American startups, 2021 was an extraordinary year on the funding front. Venture and technology growth investors poured an estimated $19.5 billion into the region, per Crunchbase data. That’s more than triple prior year levels, which were themselves record-setting.
While the overall retail industry struggled amidst the global pandemic, eCommerce sales managed to reach unprecedented heights. In 2020, retail eCommerce sales grew by 27.6%, reaching a total of $4.28 trillion worldwide.