News

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...

Delivery
Kroger, Instacart Launch 30-Minute Convenience Delivery as Consumers Expect Speedy Fulfillment
September 14, 2021

Grocery giant Kroger announced on Tuesday (Sept. 14) that it is launching “Kroger Delivery Now” in partnership with Instacart. The delivery service, which fulfills online convenience orders within 30 minutes, is available across the United States, both through Kroger’s digital ordering platforms and through Instacart’s...

IPO
Remittance Startup Remitly Launches IPO Roadshow for Investors
September 14, 2021

Seattle-based global remittance startup Remitly is beginning the roadshow for its initial public offering (IPO) in which it will offer more than 12 million shares of common stock, the company announced in a Tuesday (Sept. 14) press release. Get the Full Story Complete the form to...

Investments
FinTech Startup MODIFI Brings in $24M in Series B Funding 
September 14, 2021

FinTech startup MODIFI will use the $24 million it just raised in a Series B fundraising to upgrade its platform, which includes allowing customers to do all their trade-related business in one place.  Get the Full Story Complete the form to unlock this article and...