It’s Friday, the week is nearly done, so let’s kick back and reflect on another eventful week for the retail systems space. Here’s your briefing on the most important stories from the past five days, including Scalapay, Target, Amazon and Majid Al Futtaim/Carrefour City+.

1. Scalapay bags $155 million Series A at a $700 million valuation

Buy now, pay later (BNPL) venture Scalapay has raised $155 million in equity funding, at a $700 million valuation, as part of a Series A investment round led by Tiger Global.

Along with Klarna’s recent $46 billion valuation, this underscores just how hot the BNPL market is right now, given that Scalapay was only founded in 2019 and $155 million is a serious amount of money for a Series A round.

2. Majid Al Futtaim opens Carrefour City+ just walk out store

Majid Al Futtaim, which owns and operates shopping malls, retail, and leisure establishments in the Middle East, Africa and Asia, has announced the launch of checkout free store, Carrefour City+.

A first for Carrefour worldwide and opening this week in Mall of the Emirates, this taps AiFi powered artificial intelligence technology. 

Store access and shopping payment is enabled via the MAF Carrefour app. Once inside Carrefour City+, every item picked up by customers is automatically added to a digital shopping basket and the purchase is completed by walking out. 

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