News

Investments
Bazaar Raises $70M in Pakistan’s Second-Largest Funding Round
March 15, 2022

Bazaar Technologies, a B2B eCommerce startup based in Pakistan, has raised $70 million in what was the country’s second-largest funding round on record, according to published reports Tuesday (March 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Banks Worry Russia Will Target SWIFT System
March 15, 2022

Financial executives are expressing fears of Russian cyber attacks on SWIFT after several of the country’s biggest banks were removed from the payments messaging system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Strong 2021 Profits Drive Volkswagen’s Porsche Closer to IPO
March 15, 2022

A boost in group operating profits for Volkswagen AG is likely to be the catalyst that drives a fourth-quarter initial public offering (IPO) for its profitable high-performance sports car division Porsche, Bloomberg reported on Tuesday (March 15). Get the Full Story Complete the form to...

IPO
FinAccel Suspends IPO Plans Over Adverse Market
March 15, 2022

Buy now, pay later (BNPL) startup Kredivo’s parent FinAccel is suspending its $430 million initial public offering (IPO) over adverse market conditions, multiple news outlets reported on Tuesday (March 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Komodo Health Eyes IPO This Summer
March 15, 2022

Healthcare mapmaker Komodo Health has hired banks in preparation for an initial public offering (IPO) this summer, according to an Axios report Monday (March 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Ultrafast Grocery Acquisitions Continue Amid Category’s Demand for Consolidation
March 15, 2022

Because reaching scale is ultrafast grocers’ only hope of making the model work, the number of players currently making moves in the space around the world is unsustainable, and already there has been a significant amount of consolidation in this young category. Get the Full...

Retail
H&M Group Net Sales Up 23% in FY22 Q1
March 15, 2022

H&M Group on Tuesday (March 15) announced its net sales for the first quarter of fiscal 2022 were up 23% year over year, finishing the three-month period ending Feb. 28 at 49.166 million SEK ($5.12 million), although that number might change when the full earnings...

Retail
Katapult Says Strategic Investments, Pending Platform Upgrades Can Offset Eco Headwinds
March 15, 2022

It’s tough out there right now and economic uncertainty and rising prices are clearly making life difficult for retailers and consumers who have already endured two traumatic years of life under COVID. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Differentiation, Education, Amplification: Secrets of a D2C Toothpaste Startup
March 15, 2022

It is a quintessential David vs. Goliath fight, only in this case David is a clever personal products inventor and Goliath are the toothpaste titans of the multibillion oral care industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...