News

Investments
Oxyzo Financial Services Snags Largest Indian Startup Series A at $200M
March 23, 2022

Oxyzo Financial Services, the lending division of New Delhi-based business-to-business (B2B) commerce startup OfBusiness, raised $200 million in the largest Series A funding round for an Indian startup, according to a report in The Economic Times Wednesday (March 23). Get the Full Story Complete the...

B2B Payments
Mobile Solutions Help Truckers Ditch Fleet Checks, Focus on Driving
March 23, 2022

When truckers roll into a warehouse, they might find that they must pay $150 to get their trailers unloaded. If they don’t want to front that expense themselves, they would typically call dispatch to be issued a fleet check. In the meantime, they sit around...

Security & Fraud
5 Takeaways on Pandemic Fraud From the FBI 2021 Internet Crimes Report
March 23, 2022

SIM swaps, employment schemes, business email compromise, tech support fakes, auction fraud, romance scams — fraud comes in many forms, and 2021 was a banner year for it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Delivery
Last Mile Delivery Providers Employ Technology to Manage Fuel Costs
March 23, 2022

Last mile delivery is complicated and expensive, especially when it involves direct-to-consumer deliveries. This means going to different places every day, often receiving incorrect information from consumers about their location and where to put the package, and finding and retaining delivery drivers at a time...

Social Commerce
Food Companies See Social Commerce Drop off After Instagram Algorithm Change
March 23, 2022

Food businesses that have relied on Instagram to build, maintain and grow their followings have been hit hard by recent changes in the social media app’s algorithm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
EU Lawmaker: Europe Should Benefit From AI Rules
March 23, 2022

Europe’s proposed artificial intelligence (AI) rules should try to benefit from the technology instead of hindering it, an EU lawmaker told Reuters this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Macy’s Adds More Backstage Stores as Bargain Hunting Business Booms
March 23, 2022

In a move touted to put “luxury and off-price under the same roof,” Macy’s fast-moving plan to open three dozen off-price Backstage locations within existing stores over the next three months is not only a reflection of the times but a statement on a changing...

Retail
Petco Unveils Long-Term Health and Wellness Strategy
March 23, 2022

Petco Health and Wellness Company, Inc. on Wednesday (March 23) is rolling out its long-term strategic plan to catch Chewy in the increasingly competitive pet health and wellness sector as part of its 2022 Investor Day, a five-hour session that looks at what the company...

Investments
Stilt Raises $114M Series A in Debt and Equity Funding
March 23, 2022

Stilt, a financial services startup focusing on assisting immigrants, raised $14 million in a Series A equity funding round and a $100 debt facility for loans to customers, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...