News

Fintech Investments
TimePayment Closes on $375M Credit Facility for Equipment Financing
August 31, 2022

Boston-based FinTech TimePayment announced the closing of a new $375 million revolving credit facility Tuesday (Aug. 30), which will strengthen its capital position and support the continued growth of its sales financing for specialty equipment sellers. Get the Full Story Complete the form to unlock...

Digital Banking
Grab- and Singtel-Backed GXS Launches Digital Bank in Singapore
August 31, 2022

GXS Bank, which is backed by Southeast Asian super app provider Grab and Asian communications technology group Singtel, has launched a digital bank for consumers and businesses in Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
SWIFT Launches AI Tool to Predict Cross-Border Payment Problems
August 31, 2022

Financial messaging services provider SWIFT is introducing a new predictive data intelligence capability that determines potential problems with cross-border transactions before payments are sent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Fintech Investments
M&A Exits Dim for FinTechs as IPOs Drop 38%
August 31, 2022

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Regulation
California QSRs Push Back Against Wage Bill
August 31, 2022

California’s fast food restaurants are pushing back against a bill that passed in the state Senate Monday (Aug. 29), mandating new standards for fast food workers’ wages, schedules and working conditions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
SeatGeek Raises $328M Following Canceled SPAC
August 31, 2022

Mobile ticketing platform SeatGeek has raised $238 million from private investors after canceling plans to go public. 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...

Retail
Beneath Walmart’s Top Toy List, a Retail Price, Inventory and Payment War Is Brewing
August 31, 2022

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Investments
Topi Raises $45M to Support Growing Hardware-as-a-Service Trend
August 31, 2022

Berlin-based FinTech topi has raised $45 million in a second equity investment round for its platform, which enables merchants to offer computers, monitors, smartphones, printers and other products to their business customers on a subscription basis.  Get the Full Story Complete the form to unlock...

Retail
Bed Bath & Beyond: Layoffs, Closures Coming to Boost Profitability
August 31, 2022

Struggling home goods retailer Bed Bath & Beyond will lay off 20% of its workforce and close more than 150 stores in a bid to improve profitability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...