News

Partnerships / Acquisitions
FreshBooks Acquires FastBill to Boost Growth in Canada
October 07, 2021

Cloud-based financial software platform FreshBooks, which is headquartered in Toronto, announced on Thursday (Oct. 7) that it will acquire the German FinTech FastBill, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Grocery Roundup: Aldi Goes Cashierless; Jokr Adds Alcohol
October 07, 2021

Self-service is evolving beyond the kiosk. Essen, Germany-based global discount grocery chain Aldi announced Friday (Oct. 1) that it is testing out computer vision checkout at one of its locations in the Netherlands. Get the Full Story Complete the form to unlock this article and...

Investments
Klasha Snags $2.4M for African Cross-Border Commerce
October 07, 2021

San Francisco-based cross-border technology company Klasha on Thursday (Oct. 7) announced it has raised $2.4 million in seed funding that it plans to use to build the necessary technology infrastructure for cross-border commerce in Africa, according to a TechCabal report. Get the Full Story Complete...

Partnerships / Acquisitions
Instacart Acquires Catering Software Company in Push to Compete With Restaurant Aggregators  
October 07, 2021

The bring-it-to-me economy is expanding across all of consumers’ food needs. Restaurant-cooked meals and raw groceries make up a relatively limited portion of all food consumed, with hybrid categories such as meal kits, heat-and-eat meals and catered foods also accounting for a significant percentage. Noting...

Investments
Till Payments Raises $80M for Worldwide Growth
October 07, 2021

Australian FinTech Till Payments announced Thursday (Oct. 7) it wrapped up a $110 million AUD ($80 million) round of Series C fundraising that it plans to use on its North American operations, global consolidation and new payments technology services. Get the Full Story Complete the...

B2B Payments
From Pallets to People: Fast B2B Digital Payments Retain Best Products and Top Talent
October 07, 2021

With workforces dispersed around the country and the world, and work arrangements increasingly skewed toward temps and contractors, the need for businesses to be able to connect with their people has never been greater — or more challenging. Get the Full Story Complete the form...

B2B Payments
Plate IQ Launches B2B Payments Platform For Hospitality Industry 
October 07, 2021

Hospitality-focused accounts payable (AP) automation platform Plate IQ debuted The VendorPay Network, a full-service payments platform aimed at connecting businesses and vendors, according to a Thursday (Oct. 7) press release. Through the B2B platform, businesses can send and track payments to vendors via ACH, virtual...

eCommerce
55% of Millennials Interested in Buying Big-Ticket Items Online  
October 07, 2021

The report “Digital Platforms: How Consumers Shop and Pay for Big-Ticket Purchases,” a PYMNTS and Rightpoint collaboration, found that as the economy continues to improve, as much as 64% of the more than 2,900 consumers queried intend to make big-ticket purchases through the next 12...

Investments
Rebel Foods Cloud Kitchen Raises $175M for $1.4B Valuation
October 07, 2021

Indian cloud kitchen Rebel Foods on Thursday (Oct. 7) announced the end of a $175 million fundraising round that values the company at $1.4 billion, up from $800 million last year, according to a TechCrunch report. Get the Full Story Complete the form to unlock...