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...
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...
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...
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...
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,...
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...
In today’s top Europe, Middle East, and Africa news, New York private equity firm Sycamore Partners is considering a cash offer for U.K. fashion retailer Ted Baker, and Apple is fighting to delay the European Commission’s Digital Markets Act. Get the Full Story Complete the...
Today in B2B payments, Alibaba’s global president and CMO John Caplan departs, and embedded financial tools streamline expense management for small- to medium-sized enterprises across the EU. Plus, half of B2B payments will be sent by APIs by the end of next year, and Treasure...
Today in FinTech Ukraine, Mastercard is donating $2 million to support relief efforts in Ukraine, and Unchain Fund, which was created by blockchain activists, is aiming for the smooth transfer of humanitarian funds. Get the Full Story Complete the form to unlock this article and...
