News

Investments
B2B Software VC Firm Elsewhere Announces $175M Fund
May 12, 2022

Venture capital firm Elsewhere Partners announced Thursday (May 12) it had closed Elsewhere Partners II, L.P., a $175 million fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
LatAm Payments and Banking Platform Dock Raises $110M
May 12, 2022

Dock, a payments and digital banking platform for Latin America, has raised $110 million in a funding round, which will go towards expanding internationally and adding new talent, a press release said. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Higher Dollar Limit, Swelling B2B Payments Support ACH Network’s Q1 Growth
May 12, 2022

The ACH Network experienced overall growth in the first quarter of 2022, in large part thanks to B2B payments and an increase in the Same Day ACH dollar limit, even with the end of government assistance programs tied to the COVID-19 pandemic. Get the Full...

Investments
African Cybersecurity and Anti-Fraud Firm Identitypass Raises $2.8M in Seed Funding
May 12, 2022

Lagos-based cybersecurity and anti-fraud startup Identitypass has secured $2.8 million in seed funding that it will use to grow its suite of products and expand its platform into new regions, the company announced Thursday (May 12). Get the Full Story Complete the form to unlock...

Retail
Today in Retail: Klarna Unveils Expert-Fueled Virtual Shopping Tool; Tapestry Exceeds Its Own Expectations
May 12, 2022

Today in retail, the footwear sector is getting increasingly contentious, while ACI Worldwide teams up with NORBr on eCommerce payment tools. Plus, Dillard’s avoids the limelight and focuses on running a profitable business, and Amazon announces Alexa upgrades as its stock tumbles to a two-year...

B2B Payments
B2B Vendors Want Payments to Disappear
May 12, 2022

Like the consumers who buy from merchants’ websites or eCommerce platforms, corporate clients making purchases from business-to-business (B2B) vendors value straightforward, streamlined transactions.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
62% of Consumers Are Satisfied With Their Bank’s Cross-Channel Integration
May 12, 2022

Cross-channel integration has become table stakes for financial institutions (FIs), as consumers expect to find it easy to transact, make payments and see transaction histories across accounts and channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fintech Investments
Today in FinTech: Italy to Germany; London to Brazil; Legacy Meets FinTech
May 12, 2022

In today’s FinTech news, the Italian bank Nets is buying German point of sale firm orderbird, while London financial services firm Ebury signs a deal for the Brazilian FinTech Bexs. Plus, Checkout.com is acquiring the French digital identity verification startup ubble. Get the Full Story...

IPO
Instacart Preps for IPO as Consumers’ Shift to Pickup Threatens Aggregators’ Future
May 12, 2022

Now might not be the best time for Instacart to be entering the public market. After years of leadup, the grocery aggregator announced Thursday (May 12) a confidential filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). Get the Full...