News

Investments
LatAm Grocery Delivery Platform Calii Raises $22.5M Series A
January 24, 2022

Grocery delivery startup Calii raised $22.5 million in a Series A funding round, bringing its fundraising to date to almost $35 million, as it strives to grow its position in the Latin American (LatAm) food delivery sector. Get the Full Story Complete the form to...

Retail
FedEx, Microsoft Unveil ‘Logistics-as-a-Service’ to Meet Better Shopping and Shipping Demand
January 24, 2022

If FedEx gets it right, an average of 110 million packages will be delivered in the U.S. every day this year — that’s more than 40 billion parcel deliveries on an annualized basis. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Paya to Expand B2B Offering With Transcard Partnership
January 24, 2022

Payments processor Paya has launched a partnership with Transcard, a company offering payment technology for financial institutions (FIs), according to a Monday (Jan. 24) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Digital Banking
Possible Chime IPO Spotlights Digital Banking’s Allure, Heated Competition
January 24, 2022

Digital bank Chime is reportedly prepping for an initial public offering (IPO) at a date to be determined. 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...

Delivery
NYC Mayor Adams: Third-Party Food Delivery Apps Must Now Be Licensed
January 24, 2022

Starting Monday (Jan. 24), third-party food delivery apps will have to be licensed to operate in New York City, Mayor Eric Adams and Department of Consumer and Worker Protection (DCWP) Commissioner Peter A. Hatch said in a press release on Sunday (Jan. 23). Get the...

Retail
Colgate-Palmolive Seeks Higher Margins, New Markets via Tooth Whitening Tool Sold Through Dentists
January 24, 2022

Health and beauty stalwart Colgate-Palmolive is growing into a new market — and following in the footsteps of its Hill’s Science Diet pet food line sold through veterinarians — with Colgate Illuminator, a teeth-whitening tool sold through dentists. Get the Full Story Complete the form...

Investments
Indian Food Delivery Giant Swiggy Raises $700M at $10.7B Valuation
January 24, 2022

Indian food delivery giant Swiggy raised $700 million and doubled its valuation to $10.7 billion, Reuters reported on Monday (Jan. 24), citing unnamed sources with insider information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Why are Activists Suddenly Swarming Kohl’s and Other Retailers Now?
January 24, 2022

With as many as two additional activist bids coming in for Kohl’s over the weekend, in the wake of last week’s scathing critique from Macellum and an earlier broadside from Engine Capital in December, it is hard not to conjure up the familiar closing cant of auction houses...

B2B Payments
Lockstep on Harnessing the Power of Virtual Cards to Improve AP Efficiency
January 24, 2022

More than 60% of finance professionals say their businesses have suffered vendor payment and invoice processing delays after going remote. In the B2B Digital Payments Tracker, Matthew Shanahan of automated collections software provider Lockstep, explains how virtual cards help remote AP departments gain efficiencies.