Today in retail, SoftBank sells $1 billion in shares of eCommerce platform Coupang while brand aggregator Flummox raises $12.9 million to invest in its portfolio. Plus, Walmart invites innovators to apply for its ninth annual Open Call event, Amazon’s share of eCommerce hits an all-time...
As DoorDash continues to fight against perceptions that its model is harmful to local businesses, the company announced Monday (March 14) a new accelerator program, this time with the goal of supporting small consumer packaged goods (CPG) businesses owned by people from marginalized groups. Get...
B2B FinTech cash management platform Treasure Financial on Monday (March 14) unveiled Treasure Cash within the Treasure Reserve portal, which the company says can bring businesses up to 15 times more on idle cash with 10 times higher FDIC insurance, no market risk and daily...
Standard Chartered Plc., a London-based global financial services company, said its Kenyan branch will focus on the East African nation’s retail sector, Bloomberg reported Monday (March 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Building out new services to meet customers’ shopping and payment preferences can be time-consuming and costly, leading many businesses to spend more than they can afford. A faulty product launch or frictions within their business-to-business (B2B) or other internal processes can severely hamper businesses’ abilities...
Brand aggregator Flummox has raised $12.9 million (11.8 million euros) in a round led by Fasanara Capital, the Swiss company said in a news release Monday (March 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It’s belt-tightening time, pretty much for everyone. 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 our daily newsletter, PYMNTS Today. By completing this form, you agree...
The Federal Trade Commission (FTC) on Friday (March 11) charged Denver-based HomeAdvisor, Inc., with “a wide range of deceptive and misleading tactics” by selling home improvement project leads to service providers, including small business owners, since at least the middle of 2014. Get the Full...
German express delivery startup Gorillas finalized the closing of its first acquisition deal for the French delivery start-up Frichti for undisclosed terms, according to multiple media reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
