Online car dealer Carvana has acquired augmented reality software startup Car360 to accelerate technology offerings within the e-commerce platform’s 360-degree photo feature and digital tours of used cars. Carvana currently offers a 360-degree digital tour of a car’s features and imperfections, but with Car360’s app-based photo capture and AR-powered vehicle imagery experience of car interior and exteriors, customers […]
Parking solutions company Parkmobile, the biggest provider of mobile parking tools in North America, has gone through a recapitalization and received an additional investment from BMW Group. This makes BMW, which has been a minority investor since 2014, the sole outside investor and majority shareholder in the Atlanta-based company. “Having a world-class company like BMW […]
After picking up a $500 millon credit facility last year to fund more nontraditional consumer loans, fintech startup LendingPoint kicked off 2018 by acquiring point of sale finance platform LoanHero. LendingPoint uses a technology-based data algorithm to look deeper into a potential customer’s credit profile, usually “Subprime” borrowers with a score below 700, to provide their loan options in under […]
Fête, an Atlanta-based mobile-based social planning and invitations startup, has been acquired by Evite. Fête’s technology will help power Evite’s new text-based invitation offering, through which 40,000 mobile invitations are being sent on a daily basis. Though financial terms of the deal were not disclosed, Fête co-founder Sanket Shah says the team was “very pleased […]
Payments solutions giant TSYS has acquired payments technology and merchant-acquiring company Cayan for $1.05 billion in cash. The acquisition will help Columbus, Georgia-based TSYS grow their client base for merchant acquiring in the small and medium-sized business (SMB) market, a major focus for their strategic goals moving forward. Boston-based Cayan currently provides their products, which […]