News

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...

CFPB
CFPB Opens Inquiry Against ‘Junk Fees’
January 26, 2022

The Consumer Financial Protection Bureau (CFPB) launched an initiative to reduce “junk fees,” a move the agency said will save consumers billions of dollars each year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
UK InsurTech Laka Nets $12M for eMobility Solution
January 26, 2022

London-based cyclist InsurTech startup Laka has secured more than 10.6 million pounds ($12 million) to advance its insurance model, EU-Startups reported Wednesday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
SumUp Seeks Fresh Capital at $22B Valuation
January 26, 2022

London-based global payments service provider SumUp could launch a fundraising round that would value the company at about 20 billion euros (about $22 billion), Bloomberg reported Wednesday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
25% of CFOs Update Forecasts on a Weekly Basis
January 26, 2022

Chief financial officers (CFOs) and corporate treasurers view cash management as a pressing challenge, but only a fraction of them are using technology to improve the process. Amid successive waves of digital innovation, cash forecasting has in many ways remained unchanged. Get the Full Story...