News

Investments
Adding AI to the Construction Industry, Munich’s Conxai Raises $3M
January 10, 2022

Noting that the construction industry is one of the “least digitalized” industries, Munich-based Conxai has raised 2.7 million euros ($3 million) to harness artificial intelligence (AI) for the sector, EU-Startups reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Loyalty & Rewards
UK Rewards Programs Increase as McDonald’s Pilots Loyalty Scheme
January 10, 2022

Loyalty and reward schemes are very popular with United Kingdom customers and McDonald’s is the latest company to cash in on the growing trend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
ThankUCash Snags $5.3M for Cash Back, Deals and BNPL Services in Nigeria
January 10, 2022

ThankUCash has closed its fundraising seed round by raising $5.3 million to build a platform to bring Nigerian customers loyalty programs, deals and rewards services, according to a TechCrunch report Monday (Jan. 10). Get the Full Story Complete the form to unlock this article and...

Security & Fraud
38% of Payments Fraud Victims Learn About the Incident the Same Day
January 10, 2022

More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up from 71% in November, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,070 U.S. consumers....

B2B Payments
CBANC Debuts B2B FinTech Marketplace for CUs, Small Banks
January 10, 2022

Online banking and credit union community CBANC on Monday (Jan. 10) launched a new platform that features an online marketplace of products and solutions for financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
SoftBank Makes $146M Bet on AI Firm Qraft
January 10, 2022

SoftBank is investing $146 million in the South Korean artificial intelligence (AI) company Qraft Technologies Inc. to help it expand into the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
German Payments Startup Denario Raises $1.5M to Automate B2B Payments for SMBs
January 10, 2022

Berlin-based payments processor startup Denario has raised 1.3 million euros ($1.5 million) in a financing round, the company announced on Monday (Jan. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Corporate Accountants Tap Tech To Reduce Financial Statement Risk
January 10, 2022

While there’s a need for automation of manual tasks typically performed by junior accountants, there’s also demand for solutions for the sort of processes performed by accountants who’ve been in the industry for 15 to 20 years. Get the Full Story Complete the form to...

Investments
Investment App Groww Backed by Microsoft CEO
January 10, 2022

Indian investment app Groww announced this weekend that the head of one of the world’s biggest tech companies is in its corner. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...