News

Partnerships / Acquisitions
NCR To Buy Crypto ATM Network
August 02, 2021

NCR, a software- and services-led enterprise provider in the financial, retail and hospitality sectors, is set to acquire the cryptocurrency software maker LibertyX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Mixlab Notches $20M For Modern Pet Pharmacy
August 02, 2021

Mixlab, an online pet pharmacy, received a $20 million investment, according to a Monday (Aug. 2) press release. The funding round was led by Sonoma Brands, with participation from Global Founders Capital, Monogram Capital, Lakehouse Ventures, Brand Foundry and others. Get the Full Story Complete the form to...

Investments
VCs Risk Creating eGrocery Bubble
August 02, 2021

It has been a big month for online grocery, with funding pouring in by the billions for new and existing companies to grow their grocery delivery capabilities. On Monday (Aug. 2), Estonia-based multinational mobility platform Bolt announced a 600 million euro fundraise (about $713 million)...

Investments
Ride-Hailing App Bolt Valued At Nearly $5B After Funding Round
August 02, 2021

Uber competitor Bolt is not putting all its eggs in its ride-sharing basket. Instead, the European company is using 600 million euros (nearly $713 million) generated in a recent funding round to bolster its new grocery delivery service, Bolt Market, the company announced on Monday...

Investments
Nigeria’s Kuda Bank Raises $55M At $500M Valuation
August 02, 2021

Nigerian FinTech startup Kuda Bank notched $55 million in a Series B funding round at a $500 million valuation as the digital bank seeks to expand into other countries across Africa.   Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
With Tourism Cut Off, Hong Kong Retailers Suffer
August 02, 2021

With Hong Kong remaining cut off from tourism, retail sales growth has missed expectations, Bloomberg News reported on Monday (August 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Bolt Raises $713M For E-Grocery As Businesses Across Industries Enter The Space
August 02, 2021

The global online grocery space continues to get more crowded. Not only do new e-grocery companies enter the ring each month, but existing companies from other industries have been making their own entries into the space. Bolt (the Estonia-based multinational mobility platform, not the San...

Retail
Rent-A-Center’s Acima Unveils Digital Retail Leasing Platform
August 02, 2021

Acima, the virtual lease-to-own (LTO) FinTech arm of Rent-A-Center, Inc., on Monday (Aug. 2) rolled out a digital platform focused on improving the retail leasing experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Victoria’s Secret, Bath & Body Works Chart Separate Paths On Similar Trends
August 02, 2021

As of today, L Brands is no more. Nearly 60 years after businessman Les Wexner borrowed $10,000 to open The Limited’s first location in Ohio, the company’s two remaining brands — Victoria’s Secret and Bath & Body Works — are charting their own paths as...