News

Investments
Zeller Bank Becomes Unicorn with Latest $100M Funding
March 04, 2022

Australian digital business bank Zeller raised $100 million in a Series B funding round that gave the startup a $1 billion valuation and brought its investment total to more than $181 million since June 2020. Get the Full Story Complete the form to unlock this...

IPO
eCommerce Firm ESW Weighing $4B IPO
March 04, 2022

eCommerce specialist ESW is weighing an initial public offering (IPO) that could value the firm in the neighborhood of $4 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Today in Retail: GameStop Beefs up Legal Team; Snipes Acquires Expressions to Expand US Footprint
March 04, 2022

Today in retail, Costco tries to control costs as inflation continues to rise, while Gap’s muted sales report doesn’t scare investors. Plus, Petco adds vet services through the acquisition of Thrive Pet Healthcare. Get the Full Story Complete the form to unlock this article and...

Retail
Last-Mile Delivery Firm Tortoise Turns to Mobile Vending Machines
March 04, 2022

With the quick rise in self-service adoption seen in the past couple of years, consumers increasingly seek out purchasing options that put them in the driver’s seat. Concurrently, with today’s labor challenges, restaurants and grocers are struggling to staff their stores and as such are...

B2B Payments
Sary Expands to Africa With Acquisition of Egyptian B2B Platform Mowarrid
March 04, 2022

Sary, the business-to-business (B2B) eCommerce marketplace based in the Middle East and North Africa, announced it has acquired Mowarrid, a B2B food and grocery marketplace in Egypt. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Russian Invasion Prompts Companies to Rethink IPOs
March 04, 2022

Businesses with planned initial public offerings (IPOs) are hitting the pause button to rethink their strategy in light of Russia’s attack on Ukraine, the Wall Street Journal (WSJ) reported on Friday (March 4). Get the Full Story Complete the form to unlock this article and...

B2B Payments
Cross-Border B2B Payments Account for 26% of UK and US Firms’ Annual Sales 
March 04, 2022

More and more, business-to-business (B2B) commerce is going online — and going global. The B2B space’s steady trend toward digitization is continuing and has accelerated over the two years of the pandemic.  Get the Full Story Complete the form to unlock this article and enjoy...

IPO
Indian Social Commerce Platform Meesho Going Public Early Next Year
March 04, 2022

Indian social platform Meesho is targeting early 2023 for its initial public offering (IPO), according to a Reuters report Friday (March 4) that cites a source familiar with the discussions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
Utah on the Verge of Adopting Comprehensive Privacy Law
March 04, 2022

Utah is on track to enact a comprehensive state privacy law, the International Association of Privacy Professionals (IAPP) reported Thursday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...