Toronto-based FinTech company Clearco has secured $60 million in a Series D funding round, as part of a recapitalization effort. The funding was led by Inovia Capital and Founders Circle Capital, both of which are long-term investors in Clearco, the FinTech said in a Wednesday (Oct. 4) press release. Additionally, Clearco...
Rebooted as a direct-to-consumer (D2C) brand, Jenny Craig will now benefit from the widespread expansion of its audience beyond just the locations it can service within reach of brick-and-mortar locations. Following the weight loss brand’s acquisition and relaunch by Wellful, an omnichannel health and diet...
Blackbird Labs raised $24 million to scale its restaurant loyalty and membership platform. The company announced the Series A round, led by a16z crypto, with participation from new backers Amex Ventures and QED Investors, Wednesday (Oct. 4) on X, formerly Twitter. Today we are excited...
Kraaft has raised $3.7 million to bring its construction-sector messaging app to new industries. According to a report Wednesday (Oct. 4) by EU Startups, the French company will use the funds to develop its product and expand into new geographies and markets. “Eighty percent of the world’s population...
Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. The funding round, announced Wednesday (Oct. 4), was led by Dawn Capital along with a number of Sweden’s other FinTech players. “Brite will use the fresh funding to accelerate its geographic expansion, strengthen its presence...
Meta has begun its rollout of generative artificial intelligence (AI)-powered features for ad creatives in its Ads Manager. The features aim to help advertisers create and optimize their ad campaigns, the company said in a Wednesday (Oct. 4) press release. The global rollout of these...
The continued buildout of Nike’s digital channels and direct-to-consumer (D2C) sales, as well as the brand’s inextricable ties to an ecosystem, are helping buck pressures on discretionary spending. The company reported fiscal first-quarter earnings results last week that showed Nike Direct revenues reached $5.4 billion,...
On Monday (Oct 2), Oddity Tech reported third-quarter results that showed revenue growth of 29% to 31% and attributed this to repeat sales in its Il Makiage and Spoiled Child brands. In June, PYMNTS reported that the Israeli firm, founded in 2018 by siblings Oran...
Uber’s package delivery service is now also a package return service. The delivery/ride-hailing giant announced Wednesday (Oct. 4) that it wants to help customers avoid the hassle of returning goods in the mail via its Uber Connect program. According to a news release, Uber Connect...
