News

IPO
ResTech POS Startup Toast Prices Shares at $40 Each for $20B Valuation
September 22, 2021

Restaurant technology (ResTech) startup Toast priced its initial public offering (IPO) above the range at $40 per share, giving the point-of-sale (POS) platform an estimated valuation of $20 billion, CNBC reported, citing an unnamed source. Get the Full Story Complete the form to unlock this...

Payment Methods
Duplicate Financing Fraud Faces New Foe That Sheds Light on an Elusive Thief
September 22, 2021

In trade finance on a global level, there’s a form of fraud known to exist but is hard to quantify because it’s only discovered when someone gets caught. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Worldpay: B2B Payments Will Digitally Transform to Look More Like B2C Commerce  
September 22, 2021

It is becoming clear that B2B’s digital makeover will take a cue from B2C, such as the Amazons of the world, as paper checks give way to payments made with the click of a mouse.  Buyers increasingly will find sellers not through paper catalogs, but through online platforms — and tech-savvy millennials will lead the...

B2B Payments
HCL, Lendico Team on ‘Complete Business Banking’ for SMBs
September 21, 2021

HCL Technologies, a technology company, is partnering with Lendico to deliver application and engineering tools to make a new digital platform to boost business banking, according to a press release. The goal is to help small to mid-size businesses (SMBs) access faster, more convenient banking...

B2B Payments
B2B Payments Today: Freshworks Hikes IPO Range; Check and Procare Team on Child Care Center...
September 21, 2021

Today in B2B payments, Freshworks’ initial public offering value could be close to $10 billion and open finance platform mmob adds iwoca. Plus, asset manager White Oak acquires trade finance firm Finacity, FloBiz grabs $31 million for growth and Check and Procare improve child care...

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...