News

B2B Payments
CFOs Adapt Business Models to Real Time Metrics, Data
February 01, 2022

The role of the chief financial officer has changed over the last 10 years. It’s no longer just about financial statements and the generally accepted accounting principles (GAAP). Instead, it involves developing and managing operations and growth strategies. Get the Full Story Complete the form...

Investments
Wayflyer Valued at $1.6B After $150M Series B Funding Round
February 01, 2022

Irish eCommerce platform Wayflyer has become a unicorn — a private company with a valuation of at least $1 billion — after it raised $150 million in a Series B funding round that will help with hiring, product development and global growth, according to a...

Delivery
Delivery Startup Jokr Reportedly Looking to Drop NYC Biz
February 01, 2022

Delivery startup JOKR, which aims to bring food and essentials to NYC doorsteps in 15 minutes, is reportedly scouting buyers for its city operations due to the exorbitant costs of doing business there, The Information reported, citing sources with insider information. Get the Full Story...

Retail
Tractor Supply Adds Accountants, Purchasing Pros in Bid to Lower Costs
February 01, 2022

With inflation on the rise, rural lifestyle retailer Tractor Supply Company has ramped up its cost-cutting efforts even as it celebrated continued net sales growth in its most recent earnings report last week, according to a Wall Street Journal report Tuesday (Feb. 1). Get the...

Payment Methods
Ripple, Modulr, Partner on Easier Payments
February 01, 2022

Payments platform Modulr and blockchain payments firm Ripple have joined forces to offer seamless payments to customers in Europe and the UK. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Keo World Nets $500M To Expand B2B Supply Financing in Mexico
February 01, 2022

Keo World, the BNPL FinTech, has announced a seven-year debt facility of up to $500 million from Hayfin Capital Management, an asset management firm, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Platforms May Not Worry About EU’s Prohibition on Price Parity Clauses
February 01, 2022

In “The Prohibition of Price Parity Clauses and the Digital Markets Act,” Martin Peitz of the University of Mannheim explains the challenges of analyzing price parity clauses and how the European Union decided to harmonize the different approaches adopted by national competition authorities by including...

Investments
Composable Commerce Firm Elastic Path Raises $60M
February 01, 2022

Composable commerce firm Elastic Path nailed $60 million in a growth financing round from BlackRock-managed funds and accounts, with existing investors joining the round led by Sageview Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Delivery
First New National Carrier in 50 Years Targets eCommerce’s Middle- and Last-Mile Problems
February 01, 2022

If the pandemic has shone a light on anything, it’s that logistics and shipping, the middle mile and the last mile, haven’t exactly kept pace with the heady rise of eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited...