News

Loyalty & Rewards
Consumers Want to Buy Crypto, Spend Using Points From Rewards Programs
December 16, 2021

As digital adoption has accelerated over the past two years, so too have consumer expectations concerning the growing number of loyalty programs they now encounter. The change marks the front end of a shift that’s forcing companies to evolve obsolete programs that not long ago...

Security & Fraud
Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges
December 15, 2021

Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes.  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....

Investments
Indian FinTech Uni Raises $70M at $350M Valuation
December 15, 2021

Buy now, pay later (BNPL) startup Uni has brought in a huge Series A round for $70 million, according to a Wednesday (Dec. 15) report from the Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Noname Security Becomes First API Security Unicorn With $135M Funding Round
December 15, 2021

Israel-based API security company Noname Security on Wednesday (Dec. 15) locked down $135 million in a Series C fundraising round at a $1 billion valuation, making it the first API security unicorn — a private company with a valuation of at least $1 billion. Get...

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...