News

IPO
POS ResTech Firm Toast Eyes IPO up to $717M
September 13, 2021

Boston-based point-of-sale firm Toast Inc., which focuses on restaurant technology, is contemplating a U.S. initial public offering (IPO) of up to $717 million, driving its value to $16.5 billion, according to a Monday (Sept. 13) Bloomberg report. The 10-year-old company intends to sell 21.7 million...

IPO
Latin American Blank-Check Company MELI Kaszek Pioneer Corp Going Public 
September 13, 2021

MELI Kaszek Pioneer Corp is going public as part of a plan to buy a Latin American tech company, according to a company statement, a Bloomberg report on Monday (Sept. 13) said.  Get the Full Story Complete the form to unlock this article and enjoy...

Partnerships / Acquisitions
SpotOn Acquires Enterprise POS Provider Appetize to Expand Ability to Scale 
September 13, 2021

Retail and restaurant point-of-sale (POS) system provider SpotOn has raised $300 million in Series E funding, which will be used to acquire digital and mobile commerce platform Appetize while raising its own valuation to $3.15 billion. Get the Full Story Complete the form to unlock...

Payment Methods
Square Sellers Can Accept Payments With Cash App Pay
September 13, 2021

Sellers on Square can now accept payments through Cash App Pay, a new contactless payment method for online and offline transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
As Ant Reconfigures Loan Business, China’s SMBs Could See Credit Headwinds 
September 13, 2021

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Risk Management
Moody’s, BitSight Team On Cybersecurity Risk Platform
September 13, 2021

Moody’s Corporation and BitSight announced a collaborative effort aimed at helping the companies’ customers identify and quantify cybersecurity risk and potential for financial exposure, according to a Monday (Sept. 13) press release. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Digital Checkout Platform Sprinque Lands $2M From Investors
September 13, 2021

Amsterdam’s digital checkout platform Sprinque recently brought in €1.7 million (more than $2 million) in a fundraising round led by Volta Ventures, Force Over Mass, several angel investors and payments industry executives. Get the Full Story Complete the form to unlock this article and enjoy...

International
DBS, SWIFT Partner to Offer Cross-Border Payment Tracking  
September 13, 2021

DBS Bank, in conjunction with SWIFT Global Payments Innovation, is offering up-to-the-minute online tracking for cross-border payments, the company announced in a Monday (Sept. 13) press release.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Big Tech Compliance Tracker: China Demands ‘Walled Gardens’ Opened; Fortnite Still Banned From South Korea...
September 13, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. 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 newsletter,...