News

Delivery
Instacart Latest to Implement Fuel Charge on Orders to Help Shoppers
March 21, 2022

Instacart, in a bid to help with the rising gas costs, is introducing a temporary fuel surcharge, a company press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
In the Digital World, Community Banks Must Avoid ‘Rocks in Shoes’
March 21, 2022

As the pandemic ebbs, as branches reopen and omnichannel banking becomes the norm, community banks must beware a looming threat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
Finra Guidance Sees Compliance Execs as More Advisory Than Supervisors
March 20, 2022

The Financial Industry Regulatory Authority has said it’ll only take actions against chief compliance officers who don’t carry out specific supervisory responsibilities designated by the firm — not in matters where they’re just playing an advisory role, The Wall Street Journal reported Thursday (March 17)....

Investments
Profishop Nets $35M to Expand Its B2B Supply Storefront
March 20, 2022

Profishop, which sells equipment for business and industry directly from manufacturers, has announced $35 million in new funding, which it plans to use to expand, Yahoo reported last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
US Banks Took In $645M in Equity Capital Market Fees This Year, Down From $5.3B...
March 20, 2022

Big U.S. investment banks have taken a $4.6 billion revenue hit from the freeze on equity raisings, a Financial Times report said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
National Bank of Egypt, Others Launch Nclude Venture Fund Aimed at Young Innovators
March 20, 2022

Egypt’s largest national banks, Banque Misr, National Bank of Egypt and Banque du Caire, have launched a new venture fund called Nclude, the banks announced Sunday (March 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Today in FinTech: Changes Coming to WeChat Pay; Binance Seeks Brazilian Bank; Monite Automates SME...
March 20, 2022

In today’s FinTech news, Tencent could be faced with spinning WeChat Pay into its payments subsidiary, while crypto exchange Binance looks to acquire a bank in Brazil in order to enter the market in the country. Plus, German FinTech Monite offers a one-stop-shop for automating...

IPO
PropTech Startup Knock Cancels IPO, Lays Off 46% Of Staff
March 18, 2022

PropTech startup Knock, which offers financing for shoppers to buy new homes before selling their old ones, on Friday (March 18) announced that it’s scrapping its planned initial public offering (IPO) at a $2 billion valuation and instead laying off 46% of its 250 employees,...

IPO
Footwear Retailer Belle Preps for $1B Hong Kong IPO
March 18, 2022

Chinese footwear and fashion brand Belle is looking to go public on the Hong Kong markets with an initial public offering that could be worth $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...