News

Investments
Metrics Drive Early-Stage Funding Amid VC Funding Drought
July 21, 2022

Startups seeking seed and Series A funding are facing the leanest money landscape in more than 10 years and now have to show metrics that illustrate a strategy that leads to revenue and profits.   Get the Full Story Complete the form to unlock this article...

Investments
Economic Gloom Puts M&A Market Back Into Value Mode
July 21, 2022

When overvalued companies deflate in a wave, as we’re seeing now, that’s either heralding bad times ahead or an oncoming era of growth, depending on whether you’re buyer or seller. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
South Korea Is an eCommerce Eden for Those Fluent in Local Payments
July 21, 2022

Among the most mobile-centric nations on earth, South Korea is a ripe opportunity for eCommerce merchants provided they learn the terrain — namely, payments localization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
Cannabis Firms See Prices Rise Ahead of Senate Hearing on Decriminalization
July 20, 2022

American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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...