News

Retail
Hybrid Robot/Human Picking Can Ease eGrocers’ Labor Challenges
October 29, 2021

Online grocery has come a long way in the past 20 months, but as adoption grew more quickly than anyone could have anticipated in early 2020, the limitations of the leading fulfillment methods became increasingly clear. Findings from PYMNTS’ report, The Bring-It-to-Me Economy, created in...

Partnerships / Acquisitions
Pawn Shop FirstCash Closes $1.17B Deal for First Finance to Drive BNPL
October 29, 2021

Global pawn shop FirstCash is closing a deal to acquire the virtual lease-to-own firm American First Finance (AFF) to make traction in the buy now pay later (BNPL) space, according to a press release. Get the Full Story Complete the form to unlock this article...

IPO
Furniture Retailer Arhaus Prepares for $2.3B IPO
October 29, 2021

The home furnishings retailer Arhaus has launched its initial public offering (IPO), which could raise $355 million and value the Ohio company at $2.3 billion, according to published reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Blockchain App Bridge Alchemy Raises $250M, Powers Adobe NFT
October 29, 2021

Startup Alchemy, a developer platform for blockchain and Web3, raised $250 million at a $3.5 billion valuation and is powering Adobe’s non-fungible token (NFT), according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Egypt-Based B2B eCommerce Firm Kuzlo Raises Pre-Seed Funding
October 29, 2021

Egyptian B2B eCommerce startup Kuzlo announced Friday (Oct. 29) it has raised an undisclosed amount in a pre-seed fundraising round that is now closed, according to a Tech in Africa report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Swedish FoodTech N!CK’S Snags $100M for Worldwide Growth 
October 29, 2021

Sweden-based FoodTech N!CK’S, which makes healthy snacks and ice cream, on Thursday (Oct. 28) announced it has wrapped up a $100 million Series C fundraising round that will fuel increased European and North American growth, product portfolio expansion and doubling its store count in 2022,...

IPO
Nubank IPO Filing, Valuation Spotlights Heady Neobank Growth Expectations  
October 29, 2021

Through the pandemic, amid a heady pace of FinTech-related listings activity on U.S. exchanges, Nubank is, to quote an old movie, readying for its closeup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
EBANX Acquires Brazilian Payment Firm Juno 
October 29, 2021

The Latin American payment FinTech EBANX has acquired the Brazilian eCommerce billing and banking firm Juno.  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...

B2B Payments
One-Stop ‘Uber Networks’ Will Drive Consumerization of Business and ‘Just-in-Time’ Payments
October 29, 2021

In today’s “always on” economy, consumers demand instant gratification in all areas, and their personal finances are no exception. Whether it’s buying a coffee, paying bills or accessing credit, consumers want it to be simple, fast and efficient. Get the Full Story Complete the form...