News

B2B Payments
SellersFunding Launches B2B BNPL Platform for SaaS, Agency and Enterprise Vendor Partners
July 28, 2022

SellersFunding, the fintech provider for eCommerce brands, has rolled out a new B2B Buy Now Pay Later (BNPL) product, a press release said Thursday (July 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
FinTech IPO Index Sinks 3.3% as Economic Concerns Overshadow Earnings Season
July 28, 2022

The investing world is parsing the slew of earnings that are continuing to come from banks, from the payments networks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Grocery Roundup: Instacart, The Giant Company Shake Up Leadership
July 28, 2022

As economic headwinds get stiffer, companies that rely on grocery sales are navigating them with new leaders at the helm. Instacart, for its part, announced Friday (July 22) that CEO Fidji Simo has been named chair of the company’s board of directors, and Founder and...

B2B Payments
Supply Chain Firm Stord Debuts Commerce Platform
July 28, 2022

Supply chain company Stord has expanded its cloud supply chain offerings with Stord One Commerce. 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,...

Digital Banking
LendingClub Names Former Bakkt Exec Drew LaBenne as CFO
July 28, 2022

LendingClub has named Drew LaBenne as its new chief financial officer, the digital bank announced Thursday (July 28). 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...

Investments
Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects
July 28, 2022

Cryptocurrency fund Variant is committing $450 million to invest in builders of the user-owned web: a $150 million seed fund and a $300 million opportunity fund that will back “projects with demonstrated traction from our portfolio and beyond,” according to a Thursday (July 28) company...

B2B Payments
Dick’s Sporting Goods Partners With C2FO on Accelerated Payments
July 28, 2022

Dick’s Sporting Goods announced Thursday (July 28) that it has teamed up with working capital platform C2FO to offer early payments on approved invoices that will support the long-term success for minority-, veteran-, disabled- and female-owned businesses with streamlined access to capital. Get the Full...

Fintech Investments
Portage Hopes to Raise $1B For Late-Stage FinTechs
July 28, 2022

FinTech fund Portage is putting together a structured equity fund focusing on backing late-stage financial technology startups. 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...

International
EMEA Daily: Record Number of UK eCommerce Businesses Close; Russia Plans Amendments to Regulate NFTs
July 28, 2022

Wave of eCommerce Flops Behind Record 113,700 UK business closures in Q2 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...