News

B2B Payments
Today in B2B Payments: Basis Vectors Add CommerceV3 to Increase Digital Commerce; Vendavo Adds Market...
July 20, 2022

Today in B2B payments, corporate clients want more digital solutions from their banks while Grasim is building a B2B eCommerce platform. Plus, B Capital closes early-stage Ascent II fund after $250 million in fundraising.  Get the Full Story Complete the form to unlock this article...

Ridesharing
Lyft Shuts Car Rental Unit, Cuts About 60 Jobs
July 20, 2022

Lyft has laid off about 60 people and announced it was ending its program that let people rent its cars on its app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
TreviPay Launches Networks for Large, Small and Mid-Sized Businesses
July 20, 2022

B2B payments and invoicing firm TreviPay has launched specialized networks geared toward businesses of every size. 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...

Retail
Macy’s Adding Small-Format Market By Macy’s, Backstage Locations in Fall
July 20, 2022

Macy’s on Wednesday (July 20) announced it’s opening four small-format stores outside its traditional mall locations, including Market by Macy’s — which features curated fashion collections — and a combo Market by Macy’s and Macy’s Backstage discount retail location. Get the Full Story Complete the...

Investments
ByteDance’s Valuation Drops 25% From Last Year to Under $300B
July 20, 2022

ByteDance has traded in recent weeks at valuations beneath $300 billion, a 25% drop since last year, showing the strain tech companies are under in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fintech Investments
Visa Considers Taking Stake in FinTech Airwallex
July 20, 2022

Visa is reportedly in talks to contribute to a funding round for FinTech startup Airwallex, according to people familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Sudanese FinTech Bloom Nets $6.5M
July 20, 2022

Sudan-based Bloom has raised $6.5 million in seed funding round, the FinTech announced in a press release Wednesday (July 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Delivery
More Delivery Layoffs on the Horizon as Just Eat Eyes French Restructure
July 20, 2022

Just Eat may eliminate 350 jobs in France due to “difficult market dynamics” in the country, although the plan, which would involve firing permanent delivery staff in 26 cities across France, is still being negotiated with unions. Get the Full Story Complete the form to...

B2B Payments
Voices of the CFO: Competing for and Retaining Talent
July 20, 2022

When it comes to recruiting and keeping talent in an organization, chief financial officers (CFOs) do more than provide data about the salaries the market offers or handle payroll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...