Stockholm-based FinTech company Treyd has secured a $12 million extension of its Series A funding, bringing its total investment to $25 million. This funding will be used to expand existing markets, enhance the core product offering and work toward achieving profitability, the company said in a Thursday...
Indian supply chain finance platform KredX has joined forces with Mastercard to streamline B2B digital payments. The collaboration will integrate Mastercard’s commercial card service with the KredX platform, eliminating complexities associated with B2B payments made via cards, the companies said in a Thursday (Sept. 7) press release emailed to...
Dutch FinTech Adyen is set to begin offering banking services in the United Kingdom. The company announced in a Thursday (Sept. 7) press release that it obtained a banking license from British regulators, replacing an earlier temporary permission. “The authorization builds on Adyen’s global end-to-end...
Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce. The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat & Al Hindi Exchange and is the first of its kind introduced by a money transfer firm in Jordan. The store...
As direct-to-consumer (D2C) coffee brands look to capture the loyalty of Generation Z, Chamberlain Coffee is finding that the more work they remove from the brewing process, the more these young consumers will keep coming back. In an interview with PYMNTS, Liz Ahern, chief marketing officer of the...
LHV Bank has implemented an upgraded loan system for its small and medium-sized business (SMB) lending division. The U.K. licensed bank has partnered with cloud-native platform Tuum to transition to a cloud-based banking system, LHV Bank said in a Thursday (Sept. 7) post on LinkedIn. This move is aimed at...
The global perfume market is expected to grow to $69.25 billion by 2030. This promising trend has piqued Richemont’s interest, leading the company to invest more in the luxury fragrance sector and establish a beauty division. According to Richemont, the company is significantly increasing its investment...
At the end of last month, Victoria’s Secret proudly highlighted the concept of “less is more,” emphasizing its smaller format stores and streamlined inventory. American Eagle Outfitters (AEO) is now making a similar assertion, albeit for a straightforward reason: the growing resonance of its intimates line,...
ChatGPT creator OpenAI said it will host “hundreds” of experts at its first developer conference this fall. The artificial intelligence (AI) company’s “DevDay” is scheduled for Nov. 6 in San Francisco, OpenAI said in a Wednesday (Sept. 6) blog post. “The one-day event will bring hundreds of developers...
