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Shop.com adds more merchants in time for shopping season

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Shop.com has added 24 new merchant partners to its already vast offering of online brands. The latest merchants include Barnes and Noble, RedEnvelope, FTD.com and Target.

As Shop.com continues to add to its always-growing list of partners, consumers can find everything from beauty products and luxury knitwear to hunting and camping gear and sports fan merchandise, and take care of all of their shopping needs at a one-stop destination on the web.

Shop.com’s CPC (Cost-Per-Click) program allows consumers to purchase directly from hundreds of partner stores. Through Shop.com’s CPO (Cost-Per-Order) program, consumers can browse and purchase items using the site’s proprietary universal shopping cart, OneCart.

Originally posted on December 18, 2008 @ 12:44 pm

CoolProducts.com launches people-driven online store

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A group of social media entrepreneurs have publicly launched CoolProducts.com, a new people driven online store.

The site was created for shoppers to express their individuality and gain access to great gift ideas from thousands of national merchants in one easy place. Its product inventory was generated by a social network of participants. Product finders have been working all year to suggest products from merchants all over the web.

Cool Products is useful when visitors are looking to buy someone an interesting or unique present. The service makes it easy to save the best ideas to a Profile that can be shared with others. Anyone can join and suggest or vote on products. Individuals who recommend popular product ideas are compensated with a portion of commissions earned.

Originally posted on November 9, 2008 @ 4:40 pm

ShopIt raises $2.5 million in funding to carry company until 2010

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Peer to peer social commerce provider Shopit has raised $2.5 million in Series B funding from new investors Emerson Ventures of Toronto, Canada.

Shopit will leverage its new funding to speed the development of its own advertising network and continue to roll out products and partnerships that facilitate commerce in communities all over the internet.

“In turbulent economic times, we are very pleased to have this backing from our investors, as it will enable us to continue our leadership in this exciting space,” said Matt Hill, CEO of Shopit. “This new funding will carry the company well into 2010, despite our plans to be profitable in mid 2009.” The financing commitment establishes a basis for which the company will prosper in a market where others may not, as pre-revenue or pre-profit companies.

Shopit is actively hiring more employees in the areas of advertising, sales and technology and is looking for talented and ambitious “go-getters” for its Los Angeles based headquarters.

Originally posted on October 21, 2008 @ 5:16 pm

Online mobile payment startup secures $5 million seed funding

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Paymo, Inc. has raised $5 million in seed financing. Paymo is the first company to address the needs of online merchants for a global micro-payments solution for digital content and services. The financing round was provided by prominent angel investors in the U.S. and Europe and will be used to accelerate product development and marketing.

Paymo connects online merchants with the world’s more than 3 billion mobile phone users, enabling purchases of digital content and services to be charged to the mobile phone bill. The Paymo network is built on a unique connectivity architecture and technology platform that makes it possible for web and mobile merchants everywhere in the world to increase digital content sales by reaching any consumer with a mobile phone in any country.

[Here’s a demo of Paymo]

Originally posted on July 31, 2008 @ 12:51 pm