News

Bitcoin
Bitcoin Daily: Ledn Debuts Bitcoin Mortgage Platform; Arculus Partners With Bitcoin 2022 to Provide Crypto...
December 15, 2021

Ledn, a crypto lending firm, has pulled in $70 million in fundraising, according to a press release. 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...

Cross-border Payments
Western Union Teams With Ukraine, CIS Institutions on Cross-Border Payments
December 15, 2021

Western Union will be working with major Ukraine financial institutions and across the Commonwealth of Independent States (CIS) to boost cross-border payments, according to a Wednesday (Dec. 15) press release.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Ebanx Pays $229M for Transfer Service Remessa
December 15, 2021

Brazilian FinTech Ebanx announced on Wednesday (Dec. 15) that it had paid $229 million to acquire international money transfer service Remessa Online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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....