News

International
Kenyan B2B Distribution Firm MarketForce Expands to Nigeria
October 08, 2021

MarketForce, a Kenyan company providing B2B distribution for retail clients, is expanding in the wake of a recent funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Digital B2B Payments Evolution Headed Toward Virtual Wallets, Predictive Analytics
October 08, 2021

B2B payments have been a long-term laggard compared to their consumer counterparts, as many old-school paper checks and disconnected legacy software systems contribute to payment delays that can take weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
African FinTech Finclusion Raises $20M for Enterprise Development
October 08, 2021

Finclusion Group, which works with online monetary and credit score providers using artificial intelligence (AI)-driven methods across Africa, recently raised $20 million for enterprise development across the continent, according to a Euro Journal report Friday (Oct. 8).  Get the Full Story Complete the form to...

Retail
C-Stores Face Looming Problem With Lack of Drive-Thrus and Curbside Pickup
October 08, 2021

Aiming to meet so many of consumers’ routine needs, the convenience store model is something of a double-edged sword. On the one hand, this mission provides a whole host of sales opportunities every day. On the other, the more goods and services the store provides,...

Investments
Colombian FinTech Movii Closes $15M Series B
October 08, 2021

Colombian FinTech Movii raised $15 million in a Series B funding round led by Square and Greg Kidd’s investment fund Hard Yaka, according to reports on Friday (Oct. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
FinTech-Centered SPACs, Platform IPOs Dominate October’s First Week
October 08, 2021

Special purpose acquisition companies (SPACs) continued to dominate the listings landscape in the past week, with particular focus firms on FinTechs and real estate combinations. Platform firms, too, continue to grab their share of headlines. Get the Full Story Complete the form to unlock this article...

Retail
Chinese Tourism Spending Down During Week-Long National Holiday
October 08, 2021

Chinese consumers spent about 1.64 billion yuan ($252.3 million) on luxury goods at nine duty-free shops in southern island province Hainan in the first six days of the week-long National Day holiday that ended on Thursday (Oct. 7), according to a CNBC report. Get the...

Retail
Adidas Leans on Partnerships for Fresh Revenue Amid Strategic Realignment, Crimped Supply
October 08, 2021

A series of collaborations and partnerships are setting Adidas up to follow through on its digital and direct-to-consumer (D2C) growth ambitions, meeting consumers where they are instead of waiting for the feet to find them. Get the Full Story Complete the form to unlock this...

Retail
AMZN vs WMT Weekly: Logistics Take Center Stage Ahead of Bring-It-to-Me Holidays
October 08, 2021

Walmart’s last-mile delivery network got a stamp of approval this week from rival retailer The Home Depot, which signed on be the first retail client to use the box store chain’s white-label delivery-as-a-service platform, called Walmart GoLocal.  Get the Full Story Complete the form to...