News

Investments
Hotel Engine Propels to Unicorn Status With $65M Investment
December 02, 2021

Denver-based Hotel Engine, a travel tech company focused on making lodging management easier for businesses, raised $65 million in Series B funding, the company announced on Thursday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Mexican BNPL Platform Kueski Snags $202M
December 02, 2021

Mexican buy now, pay later (BNPL) firm Kueski on Thursday (Dec. 2) announced it had completed a $200 million equity and debt fundraising round that will help it expand the business, according to a Nasdaq report.  Get the Full Story Complete the form to unlock...

Retail
Dollar General Goes Upscale and to the ‘Burbs With Popshelf Stores
December 02, 2021

Not content to watch the lucrative home décor and improvement wave pass it by, budget retailer Dollar General plans a significant expansion of its upmarket Popshelf store concept, pushing into younger and wealthier suburban markets seeking higher basket values. Get the Full Story Complete the...

Regulation
Twitter’s Preemptive Privacy Revision Won’t Slow Lawmakers’ Efforts to Amend Section 230
December 02, 2021

It’s been a wild week at Twitter — or perhaps wilder than usual is a better way to frame it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
MercadoBitcoin.com Holding Company Snags $50M in Series B Funding 
December 02, 2021

Brazilian unicorn 2TM Group, the holding company for Latin American cryptocurrency exchange MercadoBitcoin.com on Tuesday (Nov. 30) announced the second end of a $50.3 million Series B fundraising round that also closed in July with a $200 million investment by SoftBank.  Get the Full Story...

Retail
iPhone Demand Flagging During Holiday Shopping Peak
December 02, 2021

Apple has alerted its component suppliers that it’s seeing slower demand for its suite of iPhone 13 phones, according to a Bloomberg report, in part because shoppers are planning to wait to update their smartphones when the company releases the next version of its flagship...

Banking
CFPB Lays Groundwork for Open Banking’s US Push
December 02, 2021

Open banking may have its roots across the pond, in the United Kingdom, but it’s fair to say the United States is quickly putting its own stamp on the practice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Thailand’s Central Group Nearing Selfridges Acquisition
December 02, 2021

Thai department store operator Central Group is moving closer to acquiring U.K. retailer Selfridges from Canada’s billionaire Weston family, three people familiar with the situation have told the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Paytm Gets First ‘Buy’ Rating Following Rocky IPO 
December 02, 2021

The Indian super app Paytm received its first buy rating this week, following a less-than-stellar debut last month on the country’s stock exchange.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...