For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle In Oportun shares soared 32.5%. The company this week announced preliminary results that showed expected revenue ranges of $248 million...
TikTok owner ByteDance would reportedly rather shut down the social media platform than sell it. That’s what the firm plans to do if it is unsuccessful in its legal efforts to fight legislation that would ban TikTok from app stores in the United States if it is not...
The Federal Trade Commission (FTC) is taking action against doxo, saying the bill payment company misleads consumers and tacks on junk fees. The agency filed a federal court complaint alleging that doxo violated the FTC Act, the Restore Online Shoppers’ Confidence Act and the Gramm-Leach-Bliley Act, the FTC said in a Thursday (April 25) press...
Trying to balance inflationary pressures and the need to allow themselves at least some indulgences, shoppers are trading up on beer but not springing for premium wine and spirits. Heineken reported Wednesday (April 24) that beer sales were up in its first quarter fiscal 2024,...
Web provider GoDaddy has introduced a smaller point-of-sale (POS) tool for small businesses. Smart Terminal Flex, announced Thursday (April 25) is designed to fit inside an apron pocket while still helping businesses operate with more efficiency. The tool, the company said in a news release, is “ideal...
As consumers demand more immersive, captivating eCommerce journeys, many are increasingly interested in adopting extended reality — augmented reality (AR) and virtual reality (VR) — to improve their shopping experience. Take Perfect Corp., a company providing AR try-on options for the beauty and fashion industries....
Brazilian FinTech QI Tech has achieved unicorn status after extending its Series B round. With this extension, the firm raised additional equity with current investor General Atlantic and Across Capital, QI Tech said in a Thursday (April 25) press release. This announcement comes six months...
In a recent edition of PYMNTS Intelligence’s ongoing How We Will Pay Report, “Multitasking Consumers Want to Shop — and Work — at the Same Time,” we examined how the ubiquity of connected devices and apps has altered how U.S. consumers spend their time. The...
Best Buy has launched a retail media partnership with consumer technology publication CNET. The collaboration is designed to help brands reach larger audiences of “high intent” shoppers at a time when many consumers are demanding digital integration in their in-store journey, according to a Thursday (April 25) press...
