News

Social Commerce
Influencer Aggregator LTK Helps Creators Connect Consumers With Deals
July 06, 2023

Influencer marketing platform LTK has made it easier for creators to share deal opportunities with their fans. “As shoppers continue to find ways to shop smarter, the new Deals tab automatically pulls in product deals and sales curated by hundreds of thousands of LTK Creators to help...

Loyalty & Rewards
Revolut Launches Instant Cash Back Rewards in US
July 06, 2023

Revolut has launched a new in-app feature in the United States that provides instant cash back rewards. The financial app’s new Shops feature provides up to 3% instant cash back rewards at participating brands and retailers that are listed in the app, Revolut said in a Thursday (July...

Investments
Clair Secures $175 Million Investment for on-Demand Pay Solution
July 06, 2023

New York City-based FinTech Clair has raised $175 million in funding. The financing was led by Thrive Capital and included participation from Upfront Ventures and Kairos, Clair said in a Thursday (July 6) press release. Michael Presser, investing partner at Kairos, is also joining Clair’s board as an observer. Founded in 2019, Clair provides...

eCommerce
Jenny Craig’s eCommerce Revival Comes as D2C Supercharges Weight Loss Industry
July 06, 2023

Jenny Craig is poised for a digital comeback as the rise of direct-to-consumer (D2C) enables weight loss brands to find an audience in more targeted ways than ever. As Wellful, an omnichannel health and diet food company behind competing brand Nutrisystem, announced Wednesday (July 5), it has acquired Jenny Craig’s...

IPO
CAB Payments Goes Public Amid Tepid UK IPO Market
July 06, 2023

Great Britain’s CAB Payments raised $426 million upon becoming a public company Thursday (July 6). The firm, which had announced its initial public offering (IPO) plans last month, is a B2B foreign exchange and cross-border payments company. “Today marks the start of the next exciting chapter in the company’s...

Retail
BigCommerce Adds Localization Features to Multi-Storefront Platform
July 06, 2023

BigCommerce is adding new localization features to its Software-as-a-Service (SaaS) eCommerce platform. The upcoming features will allow global enterprise merchants to localize their checkout, merchandising, language and content, BigCommerce said in a Thursday (July 6) press release. “Language, currency and cultural differences should not be barriers to commerce, and...

Retail
TikTok Uses Brick-and-Mortar Shop to Promote ‘Community Commerce’
July 06, 2023

TikTok has spent a week running a brick-and-mortar pop-up shop for brands and creators. The shop is not open to the public; instead, it is showing prospective merchants and creators how they can sell online via the social media platform, TikTok said in a Wednesday (July 5) press...

Artificial Intelligence
Generative AI’s Future Will Be as the Ultimate Human Sidekick, Says Foundation Capital’s Iyengar
July 06, 2023

A Google survey found that approximately 40% of executives said adopting generative artificial intelligence (AI) is an urgent need. However, many of these same executives did not even know whether their companies were ready to adopt the technology. Sixty-two percent of executives said they do...

Banking
Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
July 05, 2023

A bankruptcy judge has reportedly approved the sale of SVB Financial Group’s investment bank to its managers. SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, bought Leerink Financial Partners in 2019 for $280 million, renamed it SVB Securities and can now sell the unit to...