News

Retail
Grocery Roundup: Ahold Delhaize Opens Connecticut Facility; Walmart Woos Wellness Shoppers
September 23, 2021

Ahold Delhaize, the Netherlands-based global grocery giant with over 7,000 stores around the world, just made a major move in its effort to make 85% of its East Coast grocery retail supply chain self-distributed by the end of 2022. The company’s United States family of...

Partnerships / Acquisitions
Valley National Bancorp To Acquire Leumi 
September 23, 2021

Valley National Bancorp will acquire Leumi, the U.S. subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA, in a deal with an estimated value of $1.1 million, the companies announced on Thursday (Sept. 23).   Get the Full Story Complete the...

Delivery
Report: DoorDash Heading up Fundraise for Grocery Delivery Firm Flink
September 23, 2021

Berlin-based grocery delivery startup Flink will raise several hundred million dollars in a funding round that’s being led by food delivery giant DoorDash and puts the company’s valuation at $2.1 billion, people familiar with the situation told Bloomberg on Thursday (Sept. 23). Get the Full...

Regulation
House Passes Cannabis Banking Initiative as Part of Defense Bill
September 23, 2021

The U.S. House of Representatives passed an amendment to the National Defense Authorization Act (NDAA) that would protect banks that do business with cannabis companies in legal states from the penalties of federal regulators. Get the Full Story Complete the form to unlock this article...

IPO
Indian Hotel Startup Oyo Prepping IPO
September 23, 2021

Despite a rocky year due to COVID-related travel restrictions, Oyo Hotels and Rooms is preparing to file for  an initial public offering (IPO) to raise roughly $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
REPAY, Veem Collaborate on B2B Payments
September 23, 2021

The payments companies REPAY and Veem have formed a partnership that the two entities say will enhance their B2B payment capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Ocrolus Value Exceeds $500M After Netting $80M in Series C Round
September 23, 2021

Ocrolus has raised $80 million in a Series C funding round that values the document automation platform at more than $500 million, according to a Thursday (Sept. 23) press release.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Open Banking Firm Vyne Completes $15.5M Seed Round
September 23, 2021

Open banking firm Vyne on Thursday (Sept. 23) completed what’s being called the largest seed funding valuation for any U.K.-based platform of its kind at $15.5 million, according to a Crowdfund Insider report.  Get the Full Story Complete the form to unlock this article and...

B2B Payments
Report: 80% of B2B Transactions Expected to be Digital by 2025
September 23, 2021

As more businesses are making and receiving digital payments themselves, a growing number are also requiring their business partners to do the same. 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...