Embedded FinTech startup Niro raised $3.5 million in a seed funding round led by Elevar Equity with participation from angel investors Kunal Shah, Nitin Gupta, Bala Parthasarathy, the Patni Family Office, R. Ramaraj and Aseem Dhru, according to reports. Get the Full Story Complete the...
The supply chain solutions firm DP World has launched CARGOES Finance, a financing solution and FinTech platform designed for small to medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Western Union, a global provider of cross-border and cross-currency payments, has bolstered its instant payment capabilities in Europe by joining the Single Euro Payments Area Instant Credit Transfer scheme (SCT Inst) as a direct participant, according to a Wednesday (Oct. 13) press release. Get the...
The U.K. Financial Conduct Authority (FCA) has handed down new guidance for regulated business sectors over the risks involved with remote and hybrid work environments in a Monday (Oct. 11) press release. Get the Full Story Complete the form to unlock this article and enjoy...
Third-party fulfillment is no longer cutting it for America’s largest grocers. Kroger, the largest pure-play grocer in the country, announced on Tuesday (Oct. 12) that it is partnering with United Kingdom-based grocery technology company Ocado Group to create several new automated warehouses on the East...
Luxury products group LVMH Moët Hennessy Louis Vuitton on Tuesday (Oct. 12) said its revenue rose 46% from 2020 in the first nine months of the year to 44.2 billion euros (more than $51 billion), including organic growth of 40% from January through September year...
Amid the accelerated shift to eCommerce over the past 18 months, apparel purchase behaviors have changed the most — 17% of all consumers are buying more of their clothing and accessories online than they did last year, according to PYMNTS data, including nearly 20% of...
Crafts retail chain Michaels is preparing to launch two different digital marketplaces to attract both creators and consumers, taking a page from Etsy’s playbook as the retailer continues to transition its business after going private six months ago. Get the Full Story Complete the form...
Fast fashion, once seen as a way for brands and consumers alike to stay on top of the latest trends, is facing a reckoning. As consumers become more environmentally conscious and secondhand apparel becomes more easily accessible while tangled supply chains are delaying product availability,...
