News

Retail
Amazon, Google Hear Consumers, Crank Up Volume of Voice Commerce Touchpoints
September 19, 2022

The chorus supporting expansion of voice commerce and smart home applications has gotten considerably louder in 2022 as Amazon specifically brings Alexa deeper into connecting consumers with sellers via an ongoing introduction of new tools and capabilities. Get the Full Story Complete the form to...

B2B Payments
Swedish Last-Mile Delivery Firms Instabox, Budbee Intend to Combine
September 19, 2022

Two Swedish-founded last-mile delivery companies — Instabox and Budbee — have announced that they intend to join forces under a new holding company that is to be called Instabee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Congress Calls Bank CEOs to Capitol Hill for Consumer, Compliance Hearings
September 19, 2022

The leaders of the country’s seven biggest commercial financial institutions will head to Washington, D.C., this week to face two Congressional hearings to review consumer protection and compliance issues, enforcement actions and recidivism, and trends and developments in the industry. Get the Full Story Complete...

Retail
Slumping D2C Mattress Firm Purple Receives Bid to Go Private
September 19, 2022

Struggling mattress maker Purple Innovation could soon be going private. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Retail
Report: Instacart IPO Would Shun Weak Markets to Reward, Retain Employees
September 19, 2022

Instacart will reportedly forgo raising fresh capital in its expected initial public offering (IPO) and instead back a plan that would see most of its listing funded with shares sold by employees. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Retail Tech Platform Swiftly Reportedly Hits $1B+ Valuation After Latest Fund Raise
September 19, 2022

Retail technology platform Swiftly has raised $100 million in a new funding round, bringing its valuation to more than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
DOZR CEO Says BNPL Doubles Net Terms for Construction Rental Marketplace Buyers
September 19, 2022

Cash flow is a significant challenge in the construction industry. Contractors often must cope with 30- to 60-day payments and holdbacks of as much as 40% until the completion of the job. Get the Full Story Complete the form to unlock this article and enjoy...

IPO
US 8-Month Tech IPO Drought Is Longest in This Century
September 18, 2022

The declines in the U.S. stock market that started early this year have scared off investors in technology startups and led to the longest stretch without a tech initial public offering (IPO) in this century. Get the Full Story Complete the form to unlock this...

Artificial Intelligence
FinTech Kyriba Debuts AI-Powered Cash Management Platform
September 18, 2022

Software-as-a-service FinTech Kyriba has added an artificial intelligence cash-management tool to its array of cloud-based finance and information technology tools, the company announced last Thursday (Sept. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...