News

Investments
Finexio Raises $10M for ‘Payments-as-a-Service’ Growth
January 05, 2022

Accounts payable (AP) Payments-as-a-Service (PaaS) platform Finexio has completed an oversubscribed $10 million funding round that gives the company the money it needs to meet digital AP B2B payments services demand, according to a Wednesday (Jan. 5) press release. Get the Full Story Complete the...

Delivery
Walmart, FedEx Sign Deal with General Motors for Electric Delivery Vans
January 05, 2022

Walmart and FedEx plan to add several thousand electric delivery vans to their fleets over the next few years, the two companies announced Wednesday (Jan. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
B2B eCommerce Platform Udaan Plans IPO After $250M Fundraise
January 05, 2022

Indian B2B eCommerce platform udaan is planning to launch an initial public offering (IPO) in 18 months now that it has wrapped up a $250 million funding round that came through a $200 million convertible note, Business Standard reported Wednesday (Jan. 5). Get the Full...

Delivery
For Walmart and Amazon, the Fridge is the New eGrocery Frontier
January 05, 2022

It seems that, when it comes to getting their groceries, consumers’ willingness to sacrifice privacy for convenience may go well beyond what many grocers have imagined thus far. Walmart just announced a major expansion to its program that delivers groceries right to consumers’ refrigerators, a...

Partnerships / Acquisitions
Cash Stream Protocol Zebec Joins Visa Program
January 05, 2022

Zebec, the first continuous and programmable cash stream protocol on the Solana blockchain, announced Wednesday (Jan. 5) it was joining the Visa Fintech Fast Track Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Payment Orchestration Platform CellPoint Digital Raises $25M
January 05, 2022

Global payment orchestration platform CellPoint Digital raised $25 million from Toscafund and its private equity arm, Penta Capital, according to a press release on Wednesday (Jan. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
SMB HR, Payroll Startup Justworks Readies for IPO at $2B Valuation
January 05, 2022

Human resources and payroll startup Justworks is selling 7 million shares priced between $29 and $32 apiece in an initial public offering (IPO) that could give the company $224 million at the top of the range at an estimated valuation of $2 billion, according to...

Cross-border Payments
Payments Orchestration Smooths Cross-Border eCommerce Transitions
January 05, 2022

An unstoppable eCommerce train can find itself delayed at border crossings, so to speak, by expanding into new regions without first making sure their payments stack is good to go, too.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
25% of B2B Payments Are Made by Check
January 05, 2022

While digitization has been a nearly universal pursuit for chief financial officers (CFOs) in recent years, it has played out differently in various sectors. This reflects the fact that every industry has its own set of challenges and pain points. Get the Full Story Complete...