News

B2B Payments
What’s Not to Love? Fast and Reliable Electronic Payments Win Favor With B2B Customers
April 05, 2022

As electronic payments become more prevalent, many companies are starting to discover that they complement their efforts to foster closer relationships with their B2B customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Lightning Labs Raises $70M to ‘Bitcoinize the Dollar’
April 05, 2022

Bitcoin developer Lightning Labs said Tuesday (April 5) it has raised $70 million in a Series B funding round, while also launching Taro, a protocol designed to expand the worldwide reach of bitcoin and Lightning by turning it into a multi-asset network that brings stablecoin...

Retail
Today in Retail: PayPal Increases Credit Card Cash Back to 3%
April 05, 2022

Today in retail, paper couponing is bouncing back to join digital savings programs, while lower grocery budgets mean shoppers are shying away from name brands. Plus, Sonic Automotive adds a retail hub location in Raleigh, North Carolina, and retailers are pushing forward with “store of...

Investments
Ashton Kutcher-Backed Cybersecurity Firm Coro Secures $80M in Funding
April 05, 2022

Coro, the Ashton Kutcher-backed cybersecurity firm, has raised $60 million following 300% year-over-year growth for three consecutive years, the New York-based company announced Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Gensler Says SEC Plans to Regulate Crypto Exchanges, Sharing Power With CFTC
April 05, 2022

The Securities and Exchange Commission (SEC) is planning a series of changes that could aggressively step up its regulation of the cryptocurrency industry, most notably in the oversight and functioning of both centralized and decentralized exchanges. Get the Full Story Complete the form to unlock...

Loyalty & Rewards
Kora’s Student Virtual Card Offers Cash-Back Rewards
April 05, 2022

College student-focused FinTech Kora on Tuesday (April 5) launched the Kora Rewards program, a partnership with digital advertising platform Cardlytics that allows Kora users to earn automatic cash-bank rewards up to 10% for shopping with their virtual KoraCard at thousands of brands. Get the Full...

Investments
Bitcoin Co. Nets $2M in Seed Round
April 05, 2022

Bitcoin Co., an app that offers rewards, banking and exchange services, closed a $2.1 million seed round, the Dallas-based company announced Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Parallel Finance Raises $5M at $500M Valuation
April 05, 2022

Decentralized lending and staking protocol Parallel Finance raised $5 million in an extended funding round that gives the company a $500 million valuation, according to a press release on Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Amenitiz Closes on $30M Funding for SaaS Billed as ‘Shopify for Hotels’
April 05, 2022

Barcelona-based Amenitiz, developer of a software-as-a-service solution designed to streamline the administration of hotels and bed and breakfasts (B&Bs), has closed a $30 million Series A funding round, Eight Roads, the lead funder, announced Tuesday (April 5). Get the Full Story Complete the form to unlock this...