Today Capital One announced it has acquired AmeriCommerce, an “e-commerce solutions provider” which competes with online shopping cart providers such as Shopify.
A Capital One spokesperson told VentureBeat by phone that the company is “trying to more focus on digital tools for small businesses. We’re very excited about the future of that,” the spokesperson said.
Capital One declined to discuss the nature of the deal, and would not share whether the deal involved an exchange of cash, equity, or both.
A statement from AmeriCommerce describes that “By joining Capital One, we’ll become part of a team that’s passionate about innovation, collaboration and empowerment of consumers and businesses. We see a huge opportunity for our beloved customers and business owners to better manage and grow their businesses.”