News

B2B Payments
Currencycloud Hires Lucinity To Fight Money Laundering
August 12, 2021

Currencycloud, which works in B2B cross-border payments, has contracted Lucinity to provide its Actor Intelligence solution as the newest compliance innovation to fight money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Today In Food Tech: Wendy’s And Taco Bell Embrace The Digital Shift
August 12, 2021

Today in restaurant and grocery tech news, Wendy’s is going all in on dark kitchens, while Taco Bell is getting experimental with its restaurant designs. Plus, Gopuff’s acquisition streak continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
FinTech Company Nubank Eyes $2B IPO
August 12, 2021

Brazilian neobank Nubank is readying an initial public offering (IPO) greater than $2 billion by year’s end, according to a Thursday (Aug. 12) report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Online Payments Provider Veem Debuts BNPL For SMBs
August 12, 2021

Online payment solutions provider Veem is venturing into the buy now, pay later (BNPL) realm with the release of two new products, according to a Thursday (August 12) company announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Today In Retail: Adidas Offloads Reebok To Authentic Brands; Retail Jobs Evolve Amid Social Commerce...
August 12, 2021

In today’s top retail news, Reebok joins the burgeoning portfolio of brands that Authentic Brands Group has accumulated over the past several months, and South Korea’s Coupang looks toward continuing its expansion despite some criticism and regulatory trouble. Also, retail jobs are getting more digital...

B2B Payments
Overproof Debuts POS Tools For Bars
August 12, 2021

Business intelligence company Overproof has rolled out BarInsights, which will give bars and restaurants the option to monetize their point of sale (POS) data and add more insights for suppliers, Overproof said in a press release. Get the Full Story Complete the form to unlock...

Investments
Reddit’s Value Surges To $10B Amid New Funding Round
August 12, 2021

Social media platform Reddit’s valuation is up to more than $10 billion as it works to raise as much as $700 million in a fundraising round led by Fidelity Management. The company has already brought in $410 million in its second round of fundraising this...

Partnerships / Acquisitions
Adidas To Sell Reebok To Authentic Brands For $2.5B
August 12, 2021

Adidas is offloading Reebok into Authentic Brands Group’s (ABG) burgeoning portfolio of brands as the German sportswear giant seeks to strengthen its own position in a direct-to-consumer (D2C)-led strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Canadian Retailer Hudson’s Bay Splits In-Store, eCommerce Sales Into 2 Businesses
August 12, 2021

Hudson’s Bay on Thursday (Aug. 12) announced the separation of its business into separate entities, one for in-store sales and another for eCommerce, as part an increased focus on its digital-first transformation. Get the Full Story Complete the form to unlock this article and enjoy...