Shop.co, a Dusseldorf, Germany, and San Francisco, CA-based AI-based provider of a browser extension for shopping across the Internet, acquired Zen Shopping, a San Francisco, CA-based mobile app to simplify shopping and identify savings on online purchases.
The amount of the deal was not disclosed.
Led by Jay Habib, CEO, Shop.co uses Artificial Intelligence and algorithms to give users a smart browser extension that provides one universal cart (that works on every shop in the US) to checkout everywhere, without registration or login.
The acquisition of Zen Shopping will give Shop.co the opportunity to expand its offering to provide shoppers with one cart across the entire web and all their devices. Shop.co plans to release a new mobile app in the near future to expand the product line and to serve all users on mobile devices. Its chrome extension is available in the Google store.
Led by Spanish Antonio Marzo, CEO, Zen Shopping provides technology that allows users to search and compare prices in over 100,000 stores and buy anything. Headquartered in San Francisco, the company has a wholly-owned subsidiary in Pune, India.
FinSMEs
11/02/2017