One year after its heady $1.7 billion initial public offering (IPO), fashion rental and resale company Rent the Runway is facing a far more humbling reality after its stock has plunged 90% since its debut. Get the Full Story Complete the form to unlock this...
Two weeks after a widely reported furor over reports of a policy that threatened to fine users for sharing what the company determined to be misinformation, PayPal has issued a statement clarifying its position on “appropriate behavior” and fines. Get the Full Story Complete the...
Macroeconomic headwinds reportedly may begin weighing on the B2B payments sector. 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, PYMNTS Today. By completing...
British money transfer firm Wise has received $300 million pounds (about $347.1 million) via a syndicated debt facility from the United Kingdom branch of California’s Silicon Valley Bank (SVB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Boost Mobile is entering the financial service sector with the launch of OmniMoney, a tool that offers underbanked consumers a free digital money account and debit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Pay solutions firm CloudPay has raised $50 million in a new round of funding as the London-based company looks to meet a demand for integrated payroll and payment services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Spend management solution Airbase has added automated procurement features that are designed to support the purchasing processes of mid-market and larger companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
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, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
In the past week, observers of global retail trends have received the latest statistics from Eurostat, which show that retail sales in the EU fell 0.2% in August for a 1.3% year-on-year decline. A more significant decrease was observed in the eurozone, where the figures...