Jifiti News
10 articles
growth-positive
IKEA invests $22.5m in Israeli retail financing co Jifiti
Ingka Investments, the owner of IKEA stores, has invested $22.5 million in Jifiti, an Israeli fintech company. The investment gives Ingka Investments a minority equity stake in Jifiti, which facilitates white-labeled point-of-sale financing solutions. The investment recognizes the value that Jifiti brings to the industry and will contribute to IKEA Financial Services. Ingka Group and Jifiti have been collaborating for years, with Jifiti facilitating IKEA Retails and consumer financing services. The goal is to expand Jifitis platform to facilitate in-store and e-commerce point-of-sale financing for IKEA customers worldwide. The investment is expected to fuel Jifitis technological and international growth and have a positive impact on the buy now, pay later (BNPL) industry.
Investment
i2c Inc. and Jifiti Simplify Consumer Financing for Major Retailer in France
Mastercard Delves Deep Into POS Financing With Fintech Jifiti
growth-positive
Jifiti joins Mastercard BNPL ecosystem
Jifiti has announced the expansion of its partnership with Mastercard to scale its point of sale installments offering. This will provide more options for consumers at checkout. The partnership aims to bridge the gap between merchants, consumers, and lenders by offering a minimal-integration platform. Jifitis technology supports the growth of point-of-sale financing, which is growing 20% a year in the U.S. and is predicted to grow to $2.52 trillion globally in 2022. Retailers can capitalize on this consumer demand by offering financing programs through Jifitis platform, which is fully integrated using Mastercard’s API technology.
PartnersExpand
growth-positive
Israel's Jifiti signs strategic partnership agreement with Mastercard
Israeli fintech startup Jifiti Inc. has expanded its partnership with Mastercard to enable point-of-sale financing. Jifitis technology allows banks and retailers to offer immediate credit using Mastercard, providing a white label solution for banks to compete with point-of-sale loan providers. The company has already implemented its technology in U.S. and European banks and has raised $7.1 million in financing rounds. Point-of-sale financing is predicted to grow globally to $2.52 trillion in 2022. Jifitis platform is fully integrated with Mastercards API technology, making it easy for lenders and retailers to offer loan products at the point of sale.
PartnersCustomersInvestment
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Jifiti to collaborate with Mastercard
Mastercard has entered into a cooperative agreement with Israeli startup Jifiti to market Jifitis consumer financing solution. Jifitis technology allows stores to offer customers the option to buy products on time payments without going through the stores cash registers management system. The agreement will make Jifiti a key link in any consumer financing deal by Mastercard in its physical and ecommerce business. Jifiti works with retailers such as IKEA and Nebraska Furniture Mart. The system also enables couples to buy remaining gifts on their wedding registry on installments. Mastercard will market Jifitis solution to all its retail store partners and treat Jifiti as a preferred partner. Mastercard is likely to invest in Jifitis upcoming financing round. The agreement will be implemented for the first time in IKEA stores in the US.
PartnersInvestment
growth-positive
Jifiti Makes Greeting Cards Even More Thoughtful
American Greetings has launched its proprietary gift market solution on Americangreetings.com in partnership with Jifiti. Users can now select a gift from leading retailers and attach it to a digital greeting card. The recipient can modify the gift before it is shipped. Jifitis gift market allows users to browse through top-selling gifts and filter them by retailer, gender, age, and budget. The purchase takes place within the greeting card flow without leaving the site. This partnership aims to create a more personalized and meaningful digital experience for American Greetings members.
Customers
growth-positive
Jifiti's new Messenger chatbot API will find you a gift even when you're out of ideas
Jifiti, a startup specializing in digital gift-giving, announced that their new chatbot API was approved by Facebook Messenger. This approval opens up opportunities for Jifiti to integrate their gift-giving process with Facebook Messenger chatbots. Jifitis core technology optimizes gift-giving by eliminating barriers such as correct sizing and shipping information. They have partnerships with companies like IKEA and Evite, and their new API could give them access to more brands in Facebooks ecosystem. Jifiti closed a Series A funding round of $3.3 million led by Liberty Media.
PartnersInvestment
growth-positive
Jifiti Raises $2.5 Million For Gifting App Which Combines Thoughtful Shopping With The Convenience Of A Gift Card
Jifiti, a startup focused on thoughtful gifting, has raised $2.5 million in seed funding. The investment comes from Simon Property Group, Schottenstein Stores Corp., and the Jesselson Group. Jifitis mobile app allows users to browse through brick-and-mortar retailers inventory and purchase gifts through the app. The gift is then sent to the recipient through an in-app notification or email, and the recipient can redeem the gift in-store or online. Jifiti recently completed a successful test of its product in three Simon-owned malls and will be featured in over 100 more Simon malls by the holiday season. The company currently works with around 25 retailers and has plans for further expansion and product initiatives.
InvestmentPartners
Digital gifting-service co Jifiti partners with Evite
