News

Investments
Vori Raises $10M for Grocery Store Inventory Management
August 03, 2022

Digital B2B grocery supply chain-focused inventory management platform Vori has wrapped up a Series A funding round totaling $10 million that the company will use to improve talent acquisition, expand its United States operations and broaden its product offerings. Get the Full Story Complete the...

Investments
Bizongo Raises $25M to Help SE Asia Manufacturers Automate Supply Chains
August 03, 2022

Packaging materials platform Bizongo has raised $25 million to help Southeast Asia-based manufacturers automate their supply chains, access working capital and increase their clientele across the region, according to a Tech Funding News report Wednesday (Aug. 3). Get the Full Story Complete the form to...

Retail
CVS Q2: ‘Digital First Approach’ Drives Boost in Convenience, Community Health
August 03, 2022

CVS Health said its “digital first strategy” is driving increases in its online customer base and visits to its MinuteClinic as the nation’s largest retail pharmacy chain repositions itself as a community health destination. Get the Full Story Complete the form to unlock this article...

Payment Methods
Indonesia Lifts Ban on PayPal Use
August 03, 2022

Consumers in Indonesia can now begin using PayPal after the payments company registered in that country as an electronic systems operator. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Under Armour Confident in Long-Term Prospects After Q1 Struggles
August 03, 2022

Under Armour struggled to meet its revenue and sales targets in the first quarter of fiscal year 2023, but the sportswear retailer is confident in its long-term prospects and sticking to projections for the full fiscal year, considering the three-month period that ended June 30...

Retail
Ulta Beauty Launches Emerging Tech Fund to Boost in-Store and Online Innovation
August 03, 2022

Cosmetics and skincare retailer Ulta Beauty is looking to improve its online and in-store experiences via the launch of a new $20 million innovation fund that will investment in emerging technology startups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
CarParts.com Benefits From Drivers Keeping Cars Longer
August 03, 2022

More drivers are keeping their cars longer due to increasing interest rates and a precipitous drop in the stock of new cars, which is helping auto parts eCommerce retailer CarParts.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Credit Fair Raises $10M in Extended Seed Round to Grow Embedded Finance Platform
August 03, 2022

Embedded finance startup Credit Fair raised $10 million in a debt and equity seed extension round it will use to grow its platform to advance financial inclusion across India, develop new technology and improve customer experience at the point of sale (POS). The new monies will also...

Payments Innovation
Supreme Golf on Leveraging Payments Orchestration to Prevent Payment Declines
August 03, 2022

When payment gateways go down, transaction declines go up and customers' frustrations and defections aren't far behind. In the latest "Payments Orchestration Playbook," Ryan Ewers, COO at digital tee-time platform Supreme Golf, tells PYMNTS how important orchestration is in keeping declines to a minimum and...