News

Retail
Today in Retail: Chewy Hits 20M Active Members; Nike Files Complaint Against Adidas Over Patents
December 10, 2021

In today’s top retail news, Chewy surpassed 20 million active customers in the third quarter as it continues to build out a pet health platform, while Nike has filed a complaint with the U.S. International Trade Commission asking it to block imports of certain Adidas...

International
Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
December 10, 2021

Ireland’s competition watchdog announced Wednesday (Dec. 8) that is launching a full investigation into Synch Payments, a joint venture by AIB, Bank of Ireland, Permanent TSB and KBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Partnerships / Acquisitions
London FinTech Twig Acquires Used Clothing Marketplace Loopster
December 10, 2021

London-headquartered next-generation FinTech and banking app Twig Group acquired secondhand clothing marketplace Loopster for an undisclosed amount. 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...

Partnerships / Acquisitions
Bottomline Technologies Exploring Possible Sale
December 10, 2021

Payment and invoice management platform Bottomline Technologies Inc. is looking into a potential sale and is working with Deutsche Bank AG on its options, people with knowledge of the situation told Bloomberg on Thursday (Dec. 9). Get the Full Story Complete the form to unlock...

Investments
Data Platform Spend Matters Closes Investment Deal from Copley
December 10, 2021

Proprietary tech-enabled data platform Spend Matters closed an investment deal with private investment firm Copley Equity Partners for an unspecified amount, according to a press release on Friday (Dec. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
53% of Companies Plan to Automate Their Invoice Delivery Systems 
December 10, 2021

Digitizing business-to-business (B2B) payment processes that have long been manual is no easy task, but this action is becoming more necessary for companies operating globally. Organizations continue migrating toward digital channels and are beginning to incorporate newer technologies to assist their accounts payable (AP) and accounts...

Investments
Inrupt Raises $30M to Expand Global Footprint 
December 10, 2021

User data platform Inrupt has raised about $30 million in its Series A financing round, giving Worldwide Web inventor Tim Berners-Lee and technologist John Bruce fresh capital for global expansion.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Tribal Credit, Bitso, Stellar Collab for Latam X-Border B2B Payments
December 10, 2021

Business-to-business (B2B) payment and financing platform for emerging markets Tribal Credit is teaming up with Latin American crypto exchange Bitso and the Stellar Development Foundation to develop a new platform to facilitate cross-border B2B payments, according to a press release. Get the Full Story Complete...

Retail
As ‘Smash and Grab’ Spate Continues, Retail CEOs Turn to Congress for Help
December 10, 2021

Aside from it being their busy season, what do the CEOs of AutoZone, Best Buy, Dick’s Sporting Goods, Target and over a dozen other mega-retail leaders have in common?   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...