News

Retail
Grocery Roundup: Hy-Vee Debuts Fitness Showrooms; eGrocery Gets Specific
September 09, 2021

Soon, consumers could be adding treadmills to their grocery lists. Supermarket chain Hy-Vee, which operates 280 stores across the Midwest, announced Wednesday (Sept. 8) that it is partnering with exercise equipment brand Johnson Fitness & Wellness. The retailer will feature fitness showrooms at select stores,...

B2B Payments
B2B Payments Today: Suplias Keeps African Shops Open; Streamlining the eInvoicing Process 
September 09, 2021

Today in B2B payments, FourQ and Pagero team up to simplify eInvoicing around the world, and Ocrolus gets into cash flow credit. Plus, Suplias transforms the business model for small shopkeepers across Africa, and Wells Fargo launches AI-powered receivables offering.  Get the Full Story Complete...

Investments
Latvian Lending Marketplace Mintos Expands Beyond Loans to Offer Investments 
September 09, 2021

After six years of operating as a peer-to-peer (P2P) lending marketplace, Mintos CEO and Co-founder Martins Sulte said that it made sense for the company to transition into a full-fledged investment firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Target-Owned Shipt Expands Same-Day Nationwide Delivery Service
September 09, 2021

Same-day grocery and retail delivery platform Shipt is launching its biggest expansion in three years, adding close to 1,000 store locations and widening its reach to include more than two million households. Get the Full Story Complete the form to unlock this article and enjoy...

Partnerships / Acquisitions
eCommerce Marketplace Packable Nets $1.5B Value in SPAC Merger
September 09, 2021

Third-party online marketplace Packable, which operates across a half dozen eCommerce platforms, including Amazon, Walmart, eBay and Google Shopping, on Thursday (Sept. 9) announced it would merge with Highland Transcend Partners I Corp in a deal valued at $1.5 billion, according to a press release...

B2B Payments
SmartRent, AppFolio Property Manager Announce Integration
September 09, 2021

SmartRent, a company that provides smart home/building automation, said it will now integrate with the cloud-based property management tool AppFolio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Sea Ltd. Will Raise Record-Setting $6.3B in Capital
September 09, 2021

eCommerce and gaming company Sea Ltd. hopes to raise $6.3 billion in the largest fundraising effort in Southeast Asia’s history, the second major fundraising effort in less than a year for the $185 billion firm, which is hoping to accelerate its global expansion efforts. Get...

Investments
Danish SaaS Firm Corti Nets $27M to Bolster AI Capabilities
September 09, 2021

Danish startup Corti on Thursday (Sept. 9) announced the completion of a $27 million Series A funding round. Led by Vaekstfonden – The Danish Growth Fund and Chr. Augustinus Fabrik, the round also received participation from current investors Hearcore, Id Invest and byFounders. Get the...

Retail
GameStop Strategy Focuses on eCommerce, Fulfillment
September 09, 2021

GameStop, the world’s biggest video game retailer, is focusing its strategy on eCommerce and fulfillment after adding new C-suite talent scooped up from Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...