News

Retail
Albertsons Takes Page from Walmart’s Book with Shoppable Video Content
September 22, 2021

Albertsons Companies, the third-largest grocer in the United States, is getting into contextual commerce. In a joint news release with “shopper-tainment” platform Firework, the grocer announced Wednesday (Sept. 22) that it is launching shoppable videos and livestreams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
Entrust Inks Deal To Buy Card Issuance Firm Antelop Solutions
September 22, 2021

Secure payments and data protection company Entrust announced in a Wednesday (Sept. 22) press release the acquisition of Paris-based FinTech company Antelop Solutions. The deal is expected to close within the next few weeks, according to the announcement. Get the Full Story Complete the form...

Investments
TrueLayer Joins ‘Unicorn Club’ as Fresh Funding Chases Open Banking Opps in Europe
September 22, 2021

Global open banking platform TrueLayer joined the unicorn club this week, as its new $1 billion valuation points to both the opportunity and enthusiasm surrounding open banking in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
Ant to Turn Over Consumer Credit Info to Chinese Government
September 22, 2021

Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting system, according to a report on Wednesday (Sept. 22) in The Wall Street Journal. Get the Full Story Complete the...

Investments
Mexico’s Used Car Startup Kavak Raises $700M in Series E Round
September 22, 2021

Mexican used-car platform Kavak raised $700 million in a Series E funding round that values the startup at $8.7 billion, the second-most valuable venture in Latin America, according to Reuters and other news outlets on Wednesday (Sept. 22). Get the Full Story Complete the form...

B2B Payments
Love to, Can’t: 60% of Mid-Sized Companies Lack Funds Needed to Digitize AR
September 22, 2021

Mid-sized companies are more likely than enterprises of other sizes to say they want digital technology to transform the way they operate, but they’re also more likely to say they don’t have the resources to do it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
ResTech Startup sunday Nets $100M in Series A Funding
September 22, 2021

Atlanta, Georgia-based restaurant payment solution startup sunday on Wednesday (Sept. 22) announced it had generated $100 million in Series A equity funding. Coatue, as well as partners of DST Global and several other investors from the hotel, restaurant, hospitality and technology industries, led the most...

Investments
Pakistan’s TAG Raises $12M in Seed Funding Round 
September 22, 2021

Seeking to leverage the growing popularity of digital payments triggered by the pandemic, Pakistani FinTech startup TAG has raised $12 million and reached a valuation of $100 million, Bloomberg reported Wednesday (Sept. 22).  Get the Full Story Complete the form to unlock this article and...

Payment Methods
Payfare Expands Platform To Include Visa SavingsEdge
September 22, 2021

Payfare, a FinTech that provides payment and banking services for gig workers, has launched a collaboration with Visa to add Visa SavingsEdge to its platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...