News

Partnerships / Acquisitions
Thrasio Adds Product Development, Launch Capabilities to Acquisition Expertise
December 15, 2021

On Wednesday (Dec. 15), third-party aggregator Thrasio Holdings, Inc. — which boasts more than $1 billion in annual revenue and more than 200 brands under its stewardship — added product development and launch capabilities to its prowess as an acquirer. Get the Full Story Complete...

Retail
Lowe’s Predicts Lower Sales From Fall in Pandemic DIY Projects
December 15, 2021

Lowe’s had a disappointing sales outlook for investors this week, with the company bringing up concerns that the pandemic’s increase in DIY projects is now tapering off, CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Indian Payment Tech Platform Juspay Raises $60M to Invest in Product Development
December 15, 2021

India-based Juspay Technologies has raised $60 million in Series C funding in a round led by SoftBank Vision Fund 2, the company announced Wednesday (Dec. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Neiman Marcus Could Split Into Three Businesses
December 15, 2021

Neiman Marcus could split into three different businesses as part of a corporate restructuring that would separate its website from its brick-and-mortar stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Canadian Businesses Wait 41 Days to Get Paid
December 15, 2021

Canadian businesses are waiting longer than ever to realize the revenue from their sales. Today, the average days sales outstanding (DSO) reported by Canadian firms is 41 days, according to Accelerating The Time To Realized Revenue: Canada Snapshot, a PYMNTS and Mastercard collaboration that interviewed 100 Canadian corporate executives. Get the...

Partnerships / Acquisitions
Narvar Acquires Lumi to ‘Revolutionize Packaging’
December 15, 2021

Customer experience firm Narvar says it has acquired packaging firm Lumi in an effort to “revolutionize packaging as the new storefront.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
Google Rolls out eCommerce Storefronts for Creators
December 15, 2021

Similar to Shopify, Google has rolled out a U.S. beta launch of Qaya, a platform that helps creators develop web storefronts to sell their products and services, according to a Wednesday (Dec. 15) Google blog. Get the Full Story Complete the form to unlock this...

B2B Payments
34% of Real Estate B2B Payments Are Made by Check 
December 15, 2021

While digitization has been a nearly universal pursuit for company finance leaders over the past year, it has played out differently in various sectors. This reflects the fact that every industry has had its own set of challenges and pain points.  Get the Full Story...

Investments
Papaya Raises $50M to Improve Bill Payment
December 15, 2021

Consumer payments firm Papaya is looking to help people pay more of their bills — and pay them on time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....