News

Investments
Nigerian B2B Payments Startup Duplo Raises $1.3M
February 15, 2022

Duplo, a Nigeria B2B payment digitization startup, has raised $1.3 million in pre-seed funding, and announced it will take part in accelerator Y Combinator’s winter batch, according to published reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Louis Vuitton Shows Pricing Power Amid Strong Demand for Luxury Goods
February 15, 2022

Fashion brand Louis Vuitton is joining other high-fashion competitors in raising its prices Wednesday (Feb. 16) because of increased manufacturing and transportation costs, a spokesperson for French luxury goods company LVMH in China told Reuters. Get the Full Story Complete the form to unlock this...

Investments
Logistics Startup Veho Raises $170M Amid ‘Permanent Shift Toward Residential Delivery’
February 15, 2022

Next-day delivery startup Veho has raised $170 million in an early-stage funding round that valued the San Francisco-based firm at $1.5 billion, the company announced in press release Tuesday (Feb. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Former FTC Head: Congress Must Protect Data Privacy
February 15, 2022

A former chairman of the Federal Trade Commission (FTC) is urging Congress to enact consumer privacy legislation. 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...

Retail
From Grill Academies to New Stores and More D2C, Weber Moves to Dampen Inflation Headwinds
February 15, 2022

In its short six-month life as a public company, outdoor grill maker Weber has faced challenges and investor pressure not seen in its 70-year existence. Hit with rising freight costs and inflation that’s running at generational highs, the suburban Chicago manufacturer’s stock has fallen 35%...

Banking
TD Bank on Tapping APIs and Partnering With FinTechs to Serve Commercial Clients
February 15, 2022

Serving the different needs of commercial banking clients can be a challenge for even the biggest financial institutions. In The Next-Gen Commercial Banking Tracker, TD Bank’s Paul Margarites explains how leveraging outside software applications and tapping partnerships with innovative FinTechs is proving valuable in meeting...

International
Canada’s Trudeau Gets Banks’ Help in Protests
February 15, 2022

Justin Trudeau, Canada’s prime minister, is using his emergency powers to cut the flow of money to the trucker protests opposed to his vaccine mandate, Bloomberg reported Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
DeFi Protocol Wonderland May Draw SEC Probe for Use of PCV
February 14, 2022

The status of decentralized finance (DeFi) could finally be weighed in on by the U.S. Securities and Exchange Commission (SEC), according to a report from CoinDesk Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
February 14, 2022

Online shoppers are likely to find ‘mystery packages’ on Facebook Marketplace that are actually situations where the shopper pays for a box of unknown goods which have been stolen from porches or shoplifted, according to a Monday (Feb. 14) report from the Greeley Tribune. Get...