News

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...

Retail
Designer Brands Unveils Immersive ‘Warehouse Reimagined’ Concept
May 10, 2022

Designer Brands Inc., the parent company of shoe retailer DSW Designer Shoe Warehouse, joined the immersive, experience-based retail trend with the debut of its Warehouse Reimagined retail store format, according to a Tuesday (May 10) company press release. Get the Full Story Complete the form to...

CFPB
CFPB’s Opinion on Fair Lending Rules Could Extend to AI
May 10, 2022

The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when canceling loans or changing terms and not just during the application process. Get the Full Story Complete the form to...

Payment Methods
Payoneer Announces Launch of Payoneer Checkout
May 10, 2022

Commerce tech company Payoneer will now offer payment acceptance for direct-to-customer (DTC) webstores with its new service Payoneer Checkout, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...