News

B2B Payments
Deal Syndication Platform HUBX Raises Additional Funds
October 27, 2021

HUBX, the deal syndication platform for banks and brokerage firms, now has new backing from ACF Investors’ Delta Fund and Mandalore Partners, in addition to existing investors Barclays and Basinghall Partners, according to a press release on Wednesday (Oct. 27). Get the Full Story Complete...

Retail
NRF Says Holiday Retail Sales Will Set Records
October 27, 2021

The National Retail Federation on Wednesday (Oct. 27) predicted 8.5% to 10.5% growth in retail sales in November and December 2021 compared to the same time a year ago, with projections ranging from $843.4 billion to $859 billion across the U.S. during the holiday shopping...

CFPB
In First Official Testimony, CFPB’s Chopra Targets ‘Big Tech’ as Needing More Oversight
October 27, 2021

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eCommerce
VTEX Teams With Stripe to Offer Digital Payment Options for eCommerce Retailers
October 27, 2021

Online software-as-a-service (SaaS) commerce platform VTEX has joined forces with online payments infrastructure company Stripe to offer online payment processing capabilities through Stripe, according to a Wednesday (Oct. 27) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Global Payments
Velo Labs, Inception Collaborate on Cross-Border Payments
October 27, 2021

The cross-border settlement FinTech Velo Labs has launched a partnership with Inception, a Thai firm specializing in cross-border remittances in Southeast Asia.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

IPO
Paytm IPO Target Jumps to $2.4B+ After Stock Dilution
October 27, 2021

Digital financial services firm Paytm is boosting its initial public offering (IPO) to Rs 18,300 (more than $2.4 billion) after Ant Financial, SoftBank and other existing investors said they would dilute more of their shares, according to a report on Wednesday (Oct. 27) in The...

Investments
Extend Grabs $40M for Development, Expansion
October 27, 2021

FinTech startup Extend has raised $40 million in a Series B round, the company announced Wednesday (Oct. 27). 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...

B2B Payments
Basware Gives Oracle ERP Users Easy Access to eInvoicing  
October 27, 2021

Finnish eInvoicing provider Basware says it has created a “recipe” that lets users of the Oracle Fusion Cloud ERP connect easily to the Basware platform.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Digital Banking
UK Bank Monzo Seeks to Raise $411M on Possible $4.1B Valuation
October 27, 2021

The British digital bank Monzo has begun talks in hopes of raising at least $411 million (£300m) with eyes on a possible valuation of $4.1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...