Temasek backs London startup Farfetch, an online shopping site for high-end boutiques

Singapore state fund Temasek Holdings led investors who pumped in US$ 110 million in a London-based startup endeavor Farfetch, which sells clothing for high-end boutiques.

Temasek's partners consisted of China venture firm IDG Capital Partners, existing investor Vitruvian Partners and French investment company Eurazeo.

This latest investment, initially reported in The Business of Fashion, brings the overall capital raised by Farfetch to some US$ 304.5 million in near 6 years, and raises its assessment to US$ 1.5 billion.

Farfetch now ranks along with money transfer operator Transfer Wise and music discovery app Shazam as the best-backed tech start-ups in London, said the Financial Times.

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PayPal Credit will lend you money for online shopping in the UK

Another challenger to standard credit cards has actually emerged in the UK with the intro of PayPal Credit, a way to spread out payments for online purchases.

The payments giant will allow consumers to apply for credit, under which purchases of 150 ($212) or more will be interest-free for four months, then subject to the standard variable interest rate, which is currently 17.9%. Limits will be set person by person.

Some sellers, such as Blacks, Dyson and Samsung, have their own individual instalment provides with PayPal Credit.

 

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Shopping online most likely won't save you money

If you’re a bargain hunter, it’s common to spend time researching costs prior to making purchases. You wouldn’t want to buy a cleaning device at your regional Lowes store just to find a lower rate provided on Lowes.com. I discovered in a current study that merchants offline and online prices are the very same more than 70% of the time. For More information about online shopping visit gigleague.com.

That’s excellent news for customers, who put on t need to worry about price contrasts when choosing whether to use a seller s site or check out a local store. They can pick rather based on other elements like convenience and product availability.

 

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