News

Investments
FinTech Mercury Nets $120M Including Crowdsourcing
August 01, 2021

Mercury, which helps install banking for startups, has raised $120 million in a funding round, according to a company blog post, and has set aside $5 million to let users in the round as well. Get the Full Story Complete the form to unlock this...

Investments
Robo-Lawyer DoNotPay Hits $210M Valuation
August 01, 2021

DoNotPay’s company description is that of a “robot lawyer” trying to “beat bureaucracy,” and the company just more than doubled its valuation to approximately $210 million after a round of investments, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

Bitcoin
Bitcoin Daily: German Institutional Funds Can Invest In Crypto; Bitcoin Miners Bring In $970M In...
August 01, 2021

Under a new plan in Germany, some institutional funds will be able to invest billions in cryptocurrency, which has never happened before, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
‘But Wait, There’s More!’ The Infomercial King’s Influence Lives On
July 31, 2021

The world suffered a loss this week, as American luminary Ron Popeil passed away at the age of 86 in a Los Angeles hospital. While younger readers may have never heard of the original TV pitchman, they’ve surely come in contact with his work, his influence and...

B2B Payments
B2B Payments Today: Trade Credit Diverges From BNPL Path; Greenbox Capital Acquires Alt Lender
July 30, 2021

Today in B2B payments, Behalf explores trade credit’s path to innovation, and Greenbox Capital acquires Level Up Funding. Plus, WLTH discusses optimizing corporate finance, India introduces a factoring bill and Evergande faces accusations of unpaid supplier payments. Get the Full Story Complete the form to...

Retail
Today In Food: Sales Rise For Coffee To Go, Liquor To Stay
July 30, 2021

Today in restaurant and grocery news, major coffee brands report strong sales, while Restaurant Brands International sees its loyalty investments pay off. Plus, Gopuff gets another billion to power its expansion. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
Monzo Faces FCA Investigation Into Alleged AML Contraventions
July 30, 2021

London FinTech Monzo is facing an investigation from the Financial Conduct Authority (FCA) over allegations of possibly violating anti-money laundering (AML) laws, Financial Times reported on Friday (July 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
Today In Payments: Crypto Tax Laws Included In Infrastructure Bill; Amazon Sees Decelerating Sales
July 30, 2021

In today’s top news, the Senate’s infrastructure bill includes cryptocurrency tax laws, and Amazon missed sales projections in its earnings report. Plus, Mastercard’s second-quarter earnings were boosted by eCommerce and cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Today In Retail: Amazon’s Disappointment Could Be Walmart’s Advantage; Carter’s Gets Bump From Enhanced Tax...
July 30, 2021

In today’s top retail news, Amazon misses analysts’ sales expectations amid consumers’ return to pre-pandemic patterns, while children’s apparel retailer Carter’s says the federal government’s new child tax credit is good for both the country and its bottom line. Also, Procter & Gamble is expected...