News

IPO
Digital Platforms Give Boost to IPO Index as Weekly Gains Top 3%
June 09, 2022

Two weeks of gains in this stock market kind of feels like a winning streak. 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,...

Investments
FinTech Backbase Raises $128M to Boost Consumer-Focused Engagement Banking
June 09, 2022

Engagement banking platform Backbase has raised almost $128 million in growth equity from FinTech specialist private equity firm Motive Partners, which it will use to bolster its position in the space, according to a company press release Thursday (June 9). Get the Full Story Complete...

Investments
Klar Raises $90M to Advance Consumer Digital Finance in Mexico
June 09, 2022

Digital financial services startup Klar raised $90 million in a funding round to build out its platform and further innovate to develop tailor-made solutions for consumers in Mexico. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
Amazon Adds Virtual Try-On for Shoes
June 09, 2022

The world’s largest retailer is using artificial intelligence (AI)-based innovation to drive eCommerce sales, as Amazon on Thursday (June 9) debuted Virtual Try-On for Shoes, an interactive mobile experience that allows customers to visualize how a pair of shoes will look on them. Get the...

Investments
Trunkrs Raises $16M to Boost Delivery Sustainability
June 09, 2022

Same-day and next-day delivery startup Trunkrs raised 15 million euros (about $16 million) in a Series B funding round to elevate its position in the Benelux and accelerate the sustainability of the package delivery chain, according to a Thursday (June 9) press release. Get the...

Retail
Today in Retail: Tommy Bahama, Lilly Pulitzer Get Sales Bumps; Walmart Picks 1,200 Open Call...
June 09, 2022

Today in retail, 60% of UAE shoppers use their smartphones while shopping in stores, and Amazon is expanding its Luxury division to five European countries. Plus, Five Below is ready to capitalize on other retailers being bumped from the market, Target is leaning on grocery...

Regulation
Today in TechREG: CFPB’s ‘No-Action Letters’ May Raise Questions; WhatsApp Has One Month to Comply...
June 09, 2022

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) removed Upstart from its list of approved “no-action letters” (NALs). The NALs provided regulatory immunity, but it was the company, not the agency, that requested the removal. Get the Full Story Complete the form to unlock...

Investments
UAE’s ADQ Launches $100M Tech Fund in Jordan
June 09, 2022

The United Arab Emirates’ ADQ has launched a $100 million technology-focused venture capital fund with the Jordanian Ministry of Digital Economy and Entrepreneurship (MoDEE), according to a company press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
Payroll Demands Could Boost Business Case for Real-Time Payments
June 09, 2022

We’re moving towards the day when all payments – corporate payments especially – will be done instantly. 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...