Lightspeed Commerce Inc - LSPD STOCK NEWS

Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a productive second quarter of 2021, with over $67 million in loans originated. The company achieved a record committed backlog of $143.5 million in debt investments. Notably, Horizon received $38 million in loan prepayments, enhancing its fee and interest income. The portfolio included significant loans to companies in technology and life sciences sectors, including $22.5 million for a commercial space station project. Overall, the company expects continued growth in the second half of 2021.

Lightspeed (NYSE: LSPD) has completed the acquisition of NuORDER for approximately $206.9 million in cash and shares. This strategic move aims to enhance Lightspeed's global distribution network, connecting over 3,000 brands with retailers, including Canada Goose and Converse. NuORDER processed over $11.5 billion in orders recently and reported revenues exceeding $20 million, growing at a rate of over 30% year-over-year. The acquisition is expected to simplify product ordering and deliver critical insights into product performance.

Ascent360 has launched an integration with Lightspeed, enhancing retailers' ability to use point-of-sale and e-commerce data. This integration allows businesses to collect and analyze customer data effectively, enabling better segmentation and personalized marketing efforts. With ready-to-send campaigns and improved reporting, retailers can optimize customer engagement and retention. The integration is available in the Lightspeed app store, offering a seamless one-click access for users. This collaboration aims to unlock customer data potential and drive significant business growth.

On June 7, 2021, Lightspeed (NYSE: LSPD) announced its plans to acquire Ecwid and NuORDER, two leaders in digital commerce, for approximately $500 million and $425 million respectively. The acquisitions aim to enhance Lightspeed's offerings, providing customers with better supply chain management and opportunities in the digital economy. Ecwid's revenue is over $20 million, growing at over 50% year-over-year, while NuORDER has facilitated over $11.5 billion in orders. The deals are expected to close by September 30, 2021, pending regulatory approvals.

On June 3, 2021, Lightspeed (NYSE: LSPD) announced the resignation of board member Manon Brouillette, effective June 11, 2021. Brouillette is stepping down to assume the role of Chief Operating Officer and Deputy CEO at Verizon Consumer Group. Lightspeed's CEO Dax Dasilva commended her contributions and expressed confidence in her future success. The company aims for a minimum of 33% female representation on its board by the August 2022 annual meeting, following Brouillette's departure. Lightspeed continues to support global merchants with its comprehensive commerce platform.

XTM, Inc. (OTCQB: XTMIF), a fintech company based in Miami and Toronto, has integrated its Today™ Mobile app with Lightspeed (TSX: LSPD), enhancing electronic wage access for employees of Lightspeed's merchants. This integration allows for seamless instant payout of employee wages and gratuities, eliminating fees and improving cash flow for businesses. CEO Marilyn Schaffer highlighted potential growth with top-tier golf courses expressing interest in the service. This collaboration aims to simplify the payroll process for businesses in the retail and hospitality sectors.

BriteCo jewelry insurance has partnered with Lightspeed (NYSE:LSPD), offering a free automated appraisal system for retail jewelers. This integration allows jewelers to quickly generate appraisals and receive insurance quotes in under five minutes. With access to a database of over 200,000 price points, the system aims to streamline operations and enhance customer service. The partnership targets the digital transformation needs of jewelers, providing a modern solution amidst the prevalence of outdated methods. BriteCo’s platform allows consumers to obtain insurance quotes instantly via their smartphones.

Lightspeed (NYSE: LSPD) announced its integration with Google tools to enhance local retail shopping. This partnership allows independent businesses to manage Google Local Inventory Ads, Smart Shopping Campaigns, and Google My Business through the Lightspeed platform at no extra cost. This comes amidst a significant year-over-year growth in local shopping interest, with searches for 'local businesses' increasing by over 80%. The integration aims to simplify operations for small and medium-sized businesses, facilitating a seamless online-to-offline shopping experience.

Lightspeed (NYSE: LSPD) announced a partnership with the U.S. Small Business Administration to assist independent restaurants in accessing the $28.6 billion Restaurant Revitalization Fund. This initiative aims to expedite grant applications for hospitality merchants affected by the pandemic. The SBA will prioritize funds for minority-owned businesses until May 25, with potential awards ranging from $1,000 to $5 million per location. Lightspeed's technology enhances the application process for its customers, facilitating online and contactless solutions in the evolving hospitality landscape.