News

eCommerce
Google Could Give Tipping Point to India’s Open Commerce Digital Network
June 01, 2022

Bit by bit, in India, the open network gains adherents, with Amazon firmly in the crosshairs. 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
Walmart, Gap Unveil Gap Home Kids Line
June 01, 2022

Walmart and Gap on Wednesday (June 1) launched Gap Home Kids, an online-only line of more than 200 products across bedding, bath, pillows, throws, rugs and window treatments priced from $20 to $79, according to a company blog post. Get the Full Story Complete the...

B2B Payments
Bonfire Ventures Raises $231M for B2B Software Startups
June 01, 2022

Bonfire Ventures, which helps B2B software companies raise money during their seed stage, has closed a $168 million seed funding round and a $63 million second-opportunity fund, putting its total fundraising since 2017 at more than $1 billion, according to a company press release Tuesday...

B2B Payments
FinTech Cardlay Announces Integration With Concur Expense
June 01, 2022

Danish B2B FinTech Cardlay said it has integrated its Payment Cloud solution with Concur Expense, the company announced Wednesday (June 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Today in Retail: Victoria’s Secret Shift Not Catching on With Shoppers Yet; Belk and Conn’s...
June 01, 2022

Today in retail, eobuwie takes the shoes out of traditional shoe stores across Poland, and payment declines are on the rise as inflation increases. Plus, eCommerce is changing real estate-related decisions, the era of plug-and-play eCommerce solutions might be over and Payoneer teams up with...

Investments
Huuva Raises $5.22M for Virtual Restaurant Platform
June 01, 2022

Finnish delivery kitchen startup Huuva has raised more than $5.2 million in an investment round, saying it will use the money to expand across Central Europe, add 100 new employees and increase its neighborhood-first focus, according to a Tech Funding News report Wednesday (June 1)....

eCommerce
The No. 1 Reason Consumers Lose Trust in Online Merchants: Stolen Personal Data
June 01, 2022

How much consumers trust the grocers and retail merchants with which they shop online correlates with how long they have used those merchants’ services, according to “Satisfaction In The Age Of eCommerce,” a PYMNTS and Riskified collaboration based on a survey of 2,153 U.S. consumers....

International
EMEA Daily: EU, UK Look to New Crypto Regulations
June 01, 2022

In today’s top stories from Europe, the Middle East and Africa (EMEA), the European Supervisory Authorities said cryptocurrency exchanges that break money laundering rules should have to forfeit their licenses. Plus, the British government said the Bank of England should take over the management of...

B2B Payments
Capital One Debuts B2B Software Business
June 01, 2022

Capital One Financial Corp. has launched Capital One Software, an enterprise B2B software business that will offer cloud and data management solutions for B2B companies that work in the cloud, according to a Wednesday (June 1) press release. Get the Full Story Complete the form...