News

Retail
70% of Consumers Say Addressing Climate Change Is a Key Issue, Fueling Resale Growth
September 22, 2021

In 2020, Chairish saw sales grow by 60%, which Co-founder and CEO Gregg Brockway attributed to the fact that it sits at the intersection of eCommerce and reCommerce, two rapidly accelerating parts of the retail industry, as consumers grow increasingly concerned about addressing climate change....

Retail
Stitch Fix Relying on ‘New Ecosystem’ to Drive Consumer Spend
September 22, 2021

Online styling service Stitch Fix is rapidly expanding its offerings beyond its traditional “Fix,” wherein stylists choose products for clients without direct customer input, in an attempt to take a larger share of the apparel market and steady the company’s market volatility. Get the Full...

Retail
Mattress Firm Considers IPO at Volatile Time for Category
September 22, 2021

Mattress Firm’s confidential initial public offering (IPO) filing with the U.S. Securities and Exchange Commission earlier this week comes as competitors are facing increasing headwinds despite increased consumer focus on health and wellness. Get the Full Story Complete the form to unlock this article and...

Banking
JPMorgan Moves Across the Pond Into a Crowded Digital Banking Field 
September 22, 2021

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 newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Retail
Bed Bath & Beyond Expands DoorDash Partnership
September 22, 2021

Bed Bath & Beyond on Wednesday (Sept. 22) announced that it will offer on-demand delivery of home goods from more than 700 Bed Bath & Beyond stores and about 120 buybuy BABY locations through an expanded nationwide partnership with DoorDash that covers more than 60,000...

Investments
Singapore’s Payments Startup Spenmo Closes $34M Series A Round
September 22, 2021

Spending startup Spenmo has raised $34 million in an oversubscribed funding round led by Insight Partners that was also the largest Series A closed for a Y Combinator-backed company in Southeast Asia (SEA). Get the Full Story Complete the form to unlock this article and enjoy...

Delivery
Philly’s Delivery Startup Gopuff Gets Physical
September 22, 2021

Philadelphia-based delivery startup Gopuff is expanding its move into brick-and-mortar retail with a storefront in Silicon Valley, adding to its in-the-works plan for physical locations in Florida and Texas, the Philadelphia Inquirer and others reported on Wednesday (Sept. 22). Get the Full Story Complete the form to...

B2B Payments
UK FinTech MarketFinance Raises $382M in Debt, Equity
September 22, 2021

MarketFinance, the FinTech business lender, has announced a debt and equity fundraising round for £280 million, a press release says, which it will be using to lend to companies in need because of the pandemic’s effects. Get the Full Story Complete the form to unlock...

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...