News

Banking
Citi to Shut Mexican Consumer, Small Business and Middle Market Banking Units
January 11, 2022

Citi will get out of the consumer, small business and middle market banking operations of Citibanamex to help focus more on other areas, the company announced Tuesday (Jan. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
BoA to End NSF Fees, Lower Overdraft Fee to $10
January 11, 2022

Bank of America will be debuting significant changes to its overdraft services, which will include plans to do away with non-sufficient fund (NSF) fees as of February and to cut overdraft fees from $35 to $10 as of May. Get the Full Story Complete the...

International
Ostrom Raises $5M to Go Green
January 11, 2022

The German energy supplier Ostrom is going green. 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 daily newsletter, PYMNTS Today. By completing this form, you...

International
EMEA Daily: Fly Now Pay Later Snags $75M for Global Expansion, UK Financial Regulator to...
January 11, 2022

In today’s top Europe, Middle East and Africa news, Fly Now Pay Later snags $75 million for global expansion and the U.K.’s financial regulator plans to review data markets amid competition concerns. Get the Full Story Complete the form to unlock this article and enjoy...

Bitcoin
Bitcoin Daily: Despite Ban Morocco Leads N African Countries in Crypto Trading
January 11, 2022

Cryptocurrency provider and aggregator Triple A says that almost 1 million people, or roughly 2.4% of Morocco’s population, currently own cryptocurrency, according to a Cointelegraph report Tuesday (Jan. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Workplace Platform Envoy Nets $111M in Series C Funding
January 11, 2022

Envoy, which is a workplace platform helping companies reopen safely, announced Tuesday (Jan. 11) that it has secured $111 million in Series C funding, bringing its valuation to $1.4 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
SMB Bank Platform Novo Raises $90M
January 11, 2022

Novo announced Tuesday (Jan. 11) it has raised $90 million in Series B funding, bringing the valuation of the small business banking platform to $700 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Eurazeo Invests $75M into D2C Medical Apparel Company Jaanuu
January 11, 2022

Eurazeo has announced an investment of $75 million in direct-to-consumer (D2C) design medical apparel company Jaanuu, according to a Tuesday (Jan. 11) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Real Estate SaaS Company Alasco Raises $40M in Series B Funding
January 11, 2022

Alasco, the cloud-based financial management platform for real estate projects, has raised $40 million in Series B funding, the Munich company announced on Tuesday (Jan. 11).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...