News

International
Today in the FinTech Ukraine Daily: Amazon Offers Employment Support for Refugees; Credit Union Refugee...
March 24, 2022

Amazon.com has launched an employment support program for refugees of the war in Ukraine, the eCommerce giant announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Investments
Shorooq Partners Launches $150M Seed Fund
March 24, 2022

Shorooq Partners, a United Arab Emirates-based early-stage venture capital firm that serves the Middle East, North Africa and Pakistan region, has launched the second edition of its seed stage-focused fund of $150 million, the firm announced Wednesday (March 23). Get the Full Story Complete the...

B2B Payments
Today in B2B: Finance Chiefs Say Digitization Improves Working Capital; Economic Uncertainty Is a Top...
March 24, 2022

Today in B2B payments, B2B platform Sary expands into Pakistan, and Nigerian B2B logistics platform Kwik raises $2 million for enhanced last-mile offerings. Plus, nearly 5 out of 5 executives considered the COVID-19 pandemic to be a business challenge, and digitization is seen as one...

Ridesharing
Lyft Teams With Spin to Offer Scooter Transportation
March 24, 2022

Lyft and Spin are teaming up to offer scooter transportation in 60 U.S. markets with an initial rollout in Nashville, Tennessee, followed by 13 additional cities in April, according to a press release on Thursday (March 24). Get the Full Story Complete the form to...

Global Payments
Currencycloud Debuts Tool for off-Hour FX
March 24, 2022

Visa-owned cross-border payments platform Currencycloud has launched a tool called Weekend FX, designed to give clients the ability to offer competitive foreign exchange (FX) rates after markets close on Friday evenings, according to a Thursday (March 24) press release. Get the Full Story Complete the...

Investments
Markd Closes $100M Debut VC Fund for InsurTechs
March 24, 2022

InsurTech venture capital firm Markd on Thursday (March 24) closed its $100 million debut fund for early- and growth-stage startups “with the potential to propel the digital transformation of the insurance industry,” according to a company press release. Get the Full Story Complete the form...

Investments
German FinTech Kadmos Closes $9.1M Seed Round
March 24, 2022

Berlin-based FinTech Kadmos has closed an 8.3 million euro (about $9.1 million) seed funding round, the startup announced Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Mobile Payments
Mobile Devices Are Tool of Choice for One-Third of Consumers’ Online Shopping
March 24, 2022

When consumers make online purchases of food items, retail products, groceries or travel services, a growing share of them are doing it on mobile devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Today in Retail: Traeger Stock Sinks After Lower Sales Predictions; Ollie’s Expects to Benefit from...
March 24, 2022

Today in retail, Oxford Industries’ CEO said consumers are willing to pay full price when they find a brand that makes them happy, while Instacart is creating micro-fulfillment warehouses for instant deliveries. Plus, Movado Group announced a 15.5% net sales growth in its fiscal 2022...