Anil Aggarwal and Jonathan Weiner built a $100 million payments conference in less than three years. Now they are looking to replicate the same success in the retail and e-commerce industries.
The two long-time business partners and entrepreneurs, who started the Money20/20 financial technology conference business, have raised $2.5 million for Shoptalk, a new conference business aimed at hosting discussions about what comes next in commerce. Retail industry veteran Don Kingsborough, formerly of PayPal and currently of Capital One, is also a co-founder. Investors include Commerce Ventures and Primary Venture Partners. The first Shoptalk conference will take place on May 16 at the Aria in Las Vegas, with a goal of 2,000 attendees.
While there are existing events targeting brick-and-mortar and online retailers, Aggarwal and Weiner are looking to broaden the scope of what’s discussed to include on-demand and sharing economy services, among other trends.
“[T]oday’s consumers expect a wide range of new integrated, on-demand and personalized products, services and experiences,” Aggarwal said in a statement. “It’s far more than just the incremental shift to omnichannel that dominates today’s dialogue.”
In 2012, Aggarwal and Weiner co-founded the Money2020 payments conference, which has quickly become a go-to event for executives at financial institutions big and small. They sold it last year to London-based i2i Events Group, in a deal valued at a minimum of $100 million and possibly more with earn-outs, according to a person familiar with the deal. They sold two previous businesses to Google and TSYS respectively, for more than $250 million combined. Weiner left Google early last year, where he had been business development head for Google Wallet following the TxVia acquisition.
The pair will be focused full-time on Shoptalk, while continuing to allot some time to Money20/20 and to Oak HC/FT, where they are venture partners.
This article originally appeared on Recode.net.