News

IPO
India’s Delhivery Files for Nearly $1B IPO
November 02, 2021

The Indian supply chain startup Delhivery has filed for an almost $1 billion initial public offering (IPO) with the Securities and Exchange Board of India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Google Invests in Robot Delivery Company Nuro
November 02, 2021

Google was a surprise investor in autonomous driving platform Nuro during a recent $600 million Series D fundraising round that will help the company accelerate commercialization of its robotic delivery services, according to a Forbes report on Tuesday (Nov. 2). Get the Full Story Complete...

Investments
Blood Pressure Monitoring Firm Aktiia Nets $17.5M in Series A Funding
November 02, 2021

Swiss health-tech startup Aktiia raised $17.5 million in a Series A funding round, according to a Tuesday (Nov. 2) report from UK Tech. Venture capital firm Draper Esprit led the funding round, which also received participation from 415 Capital, Redalpine Venture Partners, Verve Ventures and...

Investments
GI Partners Bets on Healthcare FinTech Rectangle
November 02, 2021

The healthcare FinTech Rectangle Health has received a recapitalization from GI Partners, a private investment firm with healthcare technology and payments investing experience.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

eCommerce
China eCommerce Retailers Cautiously Optimistic About Singles Day
November 02, 2021

China’s eCommerce leaders are turning a cautiously optimistic eye toward Singles Day on Nov. 11, touted as the biggest shopping day in the world, despite the specter of slowing economic growth and increasing scrutiny by Chinese regulators about their operations, CNBC reported Tuesday (Nov. 2)....

IPO
Coffee Companies Perk up at Opportunity to Break Big on Public Market Following Dutch Bros.’...
November 02, 2021

Coffee companies have seen Dutch Bros.’ success on the public market, and they are taking note. Seven weeks after the drive-thru coffee chain went public via initial public offering (IPO), a rousing success by most accounts, Black Rifle Coffee Company (BRCC), a coffee company focused...

Partnerships / Acquisitions
Singapore-Based Cash Rewards App ShopBack Buys BNPL hoolah 
November 02, 2021

Singapore’s cash rewards app ShopBack has received the go-ahead from shareholders of hoolah for a 100% acquisition of the buy now, pay later (BNPL) company, according to a Tuesday (Nov. 2) press release issued by ShopBack. Financial details were not disclosed.   Get the Full...

Cross-border Payments
EasyTransfer, Tencent Offer Chinese Students Platform for Overseas Tuition Payment
November 02, 2021

China’s more than 700,000 students studying abroad each year can make overseas tuition payments within three minutes as part of a collaborative effort between EasyTransfer and Tencent Financial Technology, according to a Tuesday (Nov. 2) press release. Get the Full Story Complete the form to unlock this...

Partnerships / Acquisitions
Klarna to Buy PriceRunner as BNPL Moves Deeper Into Commerce, Financial Services
November 02, 2021

Klarna announced on Tuesday (Nov. 2) that it will acquire U.K.-based price comparison service PriceRunner for 1.06 billion Swedish crowns ($124.36 million) in a deal that expands the functionality for users of Klarna’s buy now, pay later (BNPL) service. Get the Full Story Complete the...