News

eCommerce
Aggregators Compete for Global on-Demand Grocery Dominance
May 10, 2022

Around the world, top restaurant aggregators are competing to be consumers’ go-to not only for cooked meals but also for groceries. 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: Vroom Names New CEO; Simon Property Group CEO Dismisses Kohl’s Buyout Rumors
May 10, 2022

Today in retail, Peloton is facing the daunting prospect of a turnaround along with a transition to an app-based model, while inflation has consumers rethinking their subscription services. Plus, Designer Brands launches Warehouse Reimagined, an immersive, experienced-based retail concept. Get the Full Story Complete the...

B2B Payments
Treasurers Turn to Automation to Tackle Demands of Global Commerce
May 10, 2022

The marketplace’s digital transformation has given rise to new eCommerce ecosystems that highlight the need for payment mechanisms that are secure while matching the real-time imperatives of seamless customer service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
eCommerce Fulfillment Tech Startup Byrd Raises $56M
May 10, 2022

eCommerce fulfillment startup Byrd recently closed a $56 million Series C fundraising round that it will use to continue its growth around the world and expand into other countries, according to a Tech Funding News report Tuesday (May 10). Get the Full Story Complete the...

Investments
SoftBank’s Vision Fund Suffers Amid Tech Stock Slide
May 10, 2022

SoftBank’s Vision Fund, a $100 billion pool of money designed to fund tech startups, is suffering from the market’s tech selloff, the Wall Street Journal reported Tuesday (May 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
SYNQA Rebrands as Opn, Raises $120M
May 10, 2022

Payment and embedded FinTech solutions firm Opn has raised $120 million in a Series C+ funding round, the Tokyo-based company announced Monday (May 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payment Methods
The Data Point: Real-Time Payments Are the Norm at Nearly 9 in 10 Big Businesses
May 10, 2022

Real-time payments (RTP) are a long time coming and still in very early days, but the wrangling of regulators, banks and other stakeholders is fast approaching a real-time singularity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Peloton’s ‘Exhausting’ Turnaround Faces Uphill Shift From Bikes and Treadmills to App
May 10, 2022

Shares of Peloton slumped to a new low Tuesday morning (May 10) after the embattled connected fitness company posted a $750 million loss and said the pace of new subscriber growth fell 50% last quarter. Get the Full Story Complete the form to unlock this...

Investments
SaaS Platform Paddle Valued at $1.4B Following $200M Series D
May 10, 2022

British Software-as-a-Service (SaaS) payments infrastructure platform Paddle has raised $200 million in a Series D funding round that values the company at $1.4 billion, according to a company press release website Monday (May 9). Get the Full Story Complete the form to unlock this article...