News

B2B Payments
Fleet Payment Startup Car IQ Raises $15M Oversubscribed Series B
August 11, 2021

Fleet payment startup Car IQ raised $15 million in an oversubscribed Series B funding round led by Forté Ventures, according to a press release on Wednesday (Aug. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Partnerships / Acquisitions
ChargePoint Buys Public Transit Fleet Management Co For $88M
August 11, 2021

Drivers of electric vehicles used for public transit and business could gain easier access to electric vehicle charging networks with the Wednesday (Aug. 11) announcement that ChargePoint Holdings, Inc. has purchased ViriCiti, a software platform providing access to public transit electric vehicle charging stations throughout...

Retail
Ahold Delhaize Well-Positioned To Capture Worldwide Return To Food-At-Home
August 11, 2021

In the second quarter of 2021, Ahold Delhaize proved resilient against fluctuations in consumer mobility. The multinational grocery giant’s sales held relatively flat, even as consumers returned to restaurants. Comparable sales were down 1.5 percent in the United States, up 2.4 percent in Europe. Get...

Banking
FirstBank Picks Current Collaborator Jack Henry For Digital Upgrades
August 11, 2021

Community financial institution FirstBank is expanding its partnership with technology solutions provider Jack Henry & Associates to digitize workflows and standardize the lending process for an improved user experience for borrowers and lenders. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Hackers Return Some Money From $600M Crypto Theft 
August 11, 2021

A group of hackers behind a more than $600 million cryptocurrency heist — one of the largest of its kind – has begun to return the money it stole.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Faster Payments
JPMorgan Piloting Real-Time Payment Service
August 11, 2021

J.P. Morgan Chase & Co started piloting a real-time payments service with an undisclosed FinTech company last week, which company officials hope will give them an edge in the global digital payments race. Get the Full Story Complete the form to unlock this article and...

IPO
SMB Software Company Weave Mulls IPO
August 11, 2021

Utah-based software company Weave is considering an initial public offering (IPO), potentially in the fourth quarter of this year, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
With Resale Booming, Platforms Get Aggressive About Attracting Consumers
August 11, 2021

The secondhand market continues to boom, as resale platforms Poshmark and thredUP reported in separate earnings announcements on Tuesday (Aug. 10), with both companies doubling down on investments in their platforms in an attempt to gain the upper hand. Get the Full Story Complete the...

Retail
Luxury Marketplace Chrono24 Nets $118M In Series C Funding
August 11, 2021

Digital luxury watch marketplace Chrono24 announced on Wednesday (Aug. 11) that it has raised more than 100 million euro ($118 million) in a Series C round, in an effort led by General Atlantic with participation from Aglaé Ventures. Get the Full Story Complete the form...