Retail Technology News: Catch Up on Last Week’s Missed Stories at the Retail Technology Innovation Hub

Asda, one of the Big Four supermarkets in the UK, has announced a full store roll-out of Retail Insight’s Inventory Insight solution to enhance on-shelf availability and improve the in-store experience for its customers. With over 800 locations across the country serving 18 million customers weekly, Asda aims to tackle the issue of inaccurate inventory and boost stock accuracy throughout its store network.

In another development, Max Retail, a marketplace for independent retailers and brands to sell excess inventory, has secured a $15 million Series A funding round led by Nosara Capital. This investment will enable Max Retail to expand its sales channel network and provide solutions for retailers to increase inventory turns and maximize cash recuperation on unsold goods.

Meanwhile, Zilch, a Buy Now Pay Later specialist, has reached a significant milestone of four million registered customers within just 44 months of its launch. The company, known for its ad-subsidized payments network, has generated over $500 million in savings for its customers and continues to add over 100,000 new customers monthly.

On the technology front, Pixevia, an AI retail technology company, has raised €1.5 million in new funding to support its expansion plans in the US and Europe, particularly in the DACH region. The investment will also facilitate the integration of new venues such as sports arenas, university campuses, and airports into Pixevia’s autonomous retail technology platform. With a total funding of €4.1 million to date, Pixevia is poised for growth and innovation in the retail tech sector.