News

Investments
SaaS Firm Mirakl Nets $555M to Expand eCommerce Offerings
September 21, 2021

Software-as-a-Service (SaaS) firm Mirakl has raised $555 million in a Series E funding round led by Silver Lake, per a Tuesday (Sept. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Finicity CEO: Safeguarding Data Is ‘Foundational To Accelerating Innovation’
September 21, 2021

The intersection of open banking, data aggregation, personal consent and privacy protections were at the cornerstone of the testimony given by Finicity CEO Steven Smith before the U.S. House Committee on Financial Services FinTech Task Force on Tuesday (Sept. 21). Get the Full Story Complete the form to unlock this article...

International
Salesforce Ventures Backs Indian FinTech Razorpay
September 21, 2021

Salesforce Ventures, the investment arm of U.S. cloud-based software company, has invested an undisclosed amount in Razorpay, Livemint reported Tuesday (Sept. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
AvidXchange Eyes $20B Need for Supplier Invoice Finance
September 21, 2021

Accounts payable (AP) automation is but part of the equation in the drive to modernize B2B. 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...

eCommerce
New Report: APIs Proving Their Value as eCommerce Firms Seek Foreign Expansion
September 21, 2021

Enabled by ever-better digital services and the siren song of new customers in foreign markets, businesses are still dealing with cross-border payments pains, for which remedies now exist. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Today In Retail: Grover Imports Tech Rental Service to US; Amazon to Offer SMB Loans...
September 21, 2021

In today’s top retail news, consumer electronics rental service Grover is launching in the U.S. after success in several European markets, and ShipBob’s CEO tells PYMNTS that direct-to-consumer (D2C) brands need to make sure their customer experience extends through the fulfillment process. Also, Amazon is...

Payment Methods
New Study Finds 43M Consumers Will Pay up for Mass Payment Options
September 21, 2021

Some 90 million U.S. consumers received mass payments in June 2021 alone, yet less than 60% of them were offered a choice in payment method. It reveals a major opportunity for companies doing mass payouts to add payments preference to the mix, while cutting costs...

Retail
UK Supermarkets Adopt Automated Solutions to Combat Labor Shortage
September 21, 2021

As United Kingdom grocers struggle against a historically challenging labor market, many are accelerating their automation efforts. On Monday (Sept. 20), it was reported that Germany-based discount grocery giant Aldi is trying out its first checkout-less supermarket in London, and on Tuesday (Sept. 20), Asda,...

B2B Payments
Rabbet Partners With AvidXchange on Real Estate Invoice Management
September 21, 2021

Real estate development management software platform Rabbet on Tuesday (Sept. 21) announced that it’s partnering with accounts payable (AP) and payment automation solution AvidXchange on a program to improve invoice management for real estate developers. Get the Full Story Complete the form to unlock this...