News

Investments
Corporate Gifting Platform Sendoso Snags $100M for Worldwide Growth
September 14, 2021

Sending platform Sendoso has raised $100 million in a Series C funding round, money that will be used to speed up its worldwide growth as well as help with hiring new employees and rolling out new products, according to a Tuesday (Sept. 14) press release....

Retail
80% of Consumers Interested in Self-Service Checkout, Two-Thirds Prefer It
September 14, 2021

As commerce skews ever digital, as we all get ever more used to doing things on our devices (by ourselves), the interest in trying something new extends to the checkout process. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
From COVID to Product Shortages to Labor Supply, Grocery Stores Adapt To String of Challenges
September 14, 2021

As one of the world’s largest independent grocery store franchises with more than 6,000 stores located across the world, IGA has some unique insights into how the COVID-19 pandemic has changed things in the world of retail. And those insights could prove vital for the company’s future growth...

Investments
PropTech Funding: Ribbon Lands $150M; Pacaso Nets $125M
September 14, 2021

Real estate platform Ribbon on Tuesday (Sept. 14) announced that it has generated $150 million, comprised of $75 million in Series C equity financing and $75 million in additional working capital. The funding round was led by Greenspring Associates, with contributions from current investors Greylock,...

Retail
Misfits Market Hits $2B Valuation, Capturing Young Consumers’ Demand for Sustainable eGrocery
September 14, 2021

Sustainability-focused online grocer Misfits Market is no misfit when it comes to raising venture capital, the eGrocery platform is quite popular. The company announced Tuesday (Sept. 14) that it has raised $225 million in its Series C-1 funding round, bringing its total funding to over...

Retail
Telehealth Startup Hims & Hers Partners With Lifestyle Fashion Retailer REVOLVE
September 14, 2021

Telehealth startup Hims & Hers is partnering with lifestyle eCommerce fashion retailer REVOLVE to advance health and wellness products for millennial and generation Z consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Digital Banking
Interoperability is Key to a Humongous Change in Payments, Says Ecobank Consumer Payments Head
September 14, 2021

Solving payments interoperability is that “one thing” that needs to change for the digital opportunities inherent in Africa to reach its full potential, Osahon Akpata, head of consumer payments, Ecobank Transnational, told PYMNTS. He said interoperability between the switches in the different regions — and...

Investments
Pakistan’s BridgeLinx Raises $10M in Seed Funding Round
September 14, 2021

BridgeLinx Technologies is on a mission to consolidate Pakistan’s fragmented trucking and logistics industry. It is the latest company to secure a significant cash injection from investors. According to a Bloomberg report published Tuesday (Sept. 14), the digital marketplace for freight cargo has raised $10...

Partnerships / Acquisitions
Delivery Platform Glovo Buys Spanish, Portuguese Companies
September 14, 2021

The Spanish courier/delivery service Glovo is purchasing two delivery companies: one in its home country, the other in Portugal. 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...