ABC News
(NEW YORK) If you have Instagram or Facebook, you’ve likely run into advertisements on your social media feed for everything from beauty products and clothing to household items from small boutiques.
Sometimes, sellers promise a lot at low prices, but for many consumers, it’s hard to tell if those items are worth the buy.
Still, with branding and unbeatable prices, it’s often tempting to purchase those products and see for yourself.
In October, the Federal Trade Commission revealed an increase in complaints from people who say they lost money purchasing items through some social media ads. The spike in complaints happened at the height of the COVID-19 pandemic, according to the FTC.
PayShepherd secures $700,000 to expand its contractor billing solution across Canada, US
Calgary-based FinTech startup PayShepherd has raised a $700,000 CAD pre-seed round to meet growing demand for its contractor billing software.
The round, which represents PayShepherd’s first external funding, was led by James Lochrie of Thin Air Labs and Accelerate Fund III (which is managed by Yaletown Partners with the support of the A100). It also saw participation from Tribune Capital, Strategic Equities Group, Stagecoach Partners VC, Neil and Pam Danroth, as well as Gordon Cameron, partner at McCarthy Tetrault.
“We’ve all been in our users’ shoes at some point in our careers, so the technology we’ve built is for them.”
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