News

Bitcoin
Bitcoin Daily: BitWage Debuts New Bitcoin Payroll Functions; Bitcoin Millionaires See Double-Digit Percentage Drop In...
January 26, 2022

BitWage, which makes bitcoin payroll services, has debuted a new platform to help people get paid in bitcoin, a report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Payment Methods
LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
January 26, 2022

In a Q4 LendingClub earnings call, CEO Scott Sanborn laid out the company’s vision for 2022, to keep building its on-balance-sheet loan portfolio and moving more into mobile-first, cloud-based platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Digital Banking
Today in FinTech: Walmart’s Hazel Rebrands With Acquisitions; WEX Launches Toll Management With Bestpass
January 26, 2022

In today’s FinTech news, Walmart’s Hazel buys two startups with an eye on developing a personal finance super app, while WEX teams with Bestpass to launch a toll management tool. Plus, Brazilian financial services super app Inter snaps up Usend to bolster its U.S. footprint....

Investments
Tuum Notches $16.9M for its Next-Generation Banking Network
January 26, 2022

Estonia-based FinTech Tuum, formerly Modularbank, announced a 15 million euro ($16.9 million) funding round, according to Sifted. 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...

B2B Payments
Provi, SevenFifty Team to Launch B2B Alcohol eMarketplace
January 26, 2022

Alcohol eCommerce companies Provi and SevenFifty are joining forces to make a new combined marketplace for the alcoholic beverage industry, a press release said Tuesday (Jan. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Banks and Businesses Say Fraud Isn’t a Problem — Until It Happens to Them
January 26, 2022

Most people think their relatively paltry sum of money isn’t enough to make them the target of fraud, especially when there are so many other bigger and more obvious targets out there. And that attitude is music to the ears of hackers, who are increasingly...

Investments
Philippines’ B2B Platform GrowSari Raises $45M From KKR
January 26, 2022

Business-to-business (B2B) platform GrowSari raised $45 million from global investment firm KKR in an extended, oversubscribed Series C funding round, according to a press release on Wednesday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Today in Retail: Mattel, Disney Expand Licensing Agreement; Online Sales Can’t Keep up With Rising...
January 26, 2022

Today in retail, Mattel and Disney sign a licensing agreement that includes Princess and Frozen product lines, and Oscar de la Renta won’t be the last luxury clothing brand to get into the resale market. Plus, Walmart eyes super app status with pair of FinTech...

Investments
HealthTech Infermedica Raises $30M
January 26, 2022

Infermedica, a digital health company specializing in artificial intelligence-powered preliminary diagnosis and triage solutions, has raised $30 million in a Series B funding round, the company announced Wednesday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...