News

Partnerships / Acquisitions
Intuit Agrees to Acquire Mailchimp for About $12B
September 13, 2021

Intuit — which makes TurboTax, QuickBooks, Mint and Credit Karma — announced an approximately $12 billion cash and stock deal to acquire small- to medium-sized business (SMB) customer engagement and marketing platform Mailchimp, according to a Monday (Sept. 13) press release. Get the Full Story...

Regulation
Report: Georgetown Privacy Professor Bedoya is Biden’s FTC Commissioner Nominee
September 13, 2021

President Joe Biden will nominate Georgetown University law professor and privacy law expert Alvaro Bedoya as a Democratic commissioner on the Federal Trade Commission, according to a Bloomberg report that cited a person familiar with the situation. Get the Full Story Complete the form to...

Investments
Robinhood: SEC Won’t Ban Payment for Order Flow
September 13, 2021

The Securities and Exchange Commission will investigate, but not ban, a practice known as payment for order flow, the legal chief for the Robinhood trading app said Monday (Sept. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Canada’s VersaBank Plans New York IPO
September 13, 2021

VersaBank, Canada’s first financial institution to operate without a branch, is launching a public offering of shares in the U.S. and Canada, and is filing an initial public offering (IPO) on the Nasdaq Global Select Market (Nasdaq) in New York City under the ticker VBNK....

Investments
Turkish Grocery Delivery App Getir Adds More Investment Capital
September 13, 2021

Getir, the Turkish grocery delivery app, has now topped $1.1 billion in fundraising with new capital from one of its existing investors, according to a Bloomberg report on Monday (Sept. 13) that cited people with knowledge of the matter. The unnamed investor will reportedly increase...

Retail
Today in Retail: Mastercard Projects Good Tidings for Retailers this Holiday; Amazon Overshadows Sporting Goods...
September 13, 2021

In today’s top retail news, Mastercard is predicting retail sales during the holiday shopping season will increase by over 7% year over year, while Amazon remains the leader when it comes to sporting goods, hobby, music and book sales. Also, retail and restaurant management software...

Partnerships / Acquisitions
Live Nation Moves Into Latin America With $444M OCESA Acquisition
September 13, 2021

The world’s biggest concert promoter Live Nation is acquiring a 51% interest in the Latin American live entertainment organizer OCESA, owner of Ticketmaster Mexico, for $444 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
SpartanNash Leverages Retail Arm to Optimize Distribution Business  
September 13, 2021

While grocery stores around the world are rapidly getting a digital upgrade alongside the industry’s omnichannel shift, innovation looks very different in the back office. Payments are becoming digitized more slowly, and automated solutions for labor-intensive processes are just beginning to emerge, enabling businesses across...

B2B Payments
B2B Payments Today: China’s Edict Could Cause SMB Headwinds; Visma Eyes 2023 IPO
September 13, 2021

Today in B2B payments, MonetaGo is fighting financing fraud and Visma could go public in 2023. Plus, the Chinese government forces Ant to reconfigure its loan business, Papaya Global lands $250 million for cross-border payments and Billogram grabs $45 million to expand its digital invoicing...