Spot, the InsurTech startup providing digital, on-demand injury insurance, on Wednesday (July 28) announced that it has landed $17.5 million in funding, including $15 million in equity and $2.5 million in debt. GreatPoint Ventures led the round, which also saw participation from Montage Ventures, Mutual...
In today’s top news, merchants will now be able to use Walmart’s tech solutions, and Visa’s earnings revealed a rebound in consumer spending. Plus, Apple’s latest earnings report beat expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
New York-based financial technology startup Lithic has raised $60 million in funding largely through Stripes, Bloomberg reported on Wednesday (July 28). 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...
Today in B2B payments: Paro discusses CFOs’ embrace of the gig economy, and SWIFT launches its faster cross-border payments tool for small businesses. Plus, Windward discusses data in trade finance, Nium raises $200 million and Escrowpay launches Invoice2Cash. Get the Full Story Complete the form...
Approaches to ransomware payoffs are getting a lot of attention from government agencies, cybersecurity firms and think tanks, but the FBI has now handed down its official recommendation to Congress: Don’t make the payments illegal, CNN reported on Wednesday (July 28). Get the Full Story...
The personal shopper and same-day delivery service Shipt announced on Wednesday (July 28) that it has formed a partnership with the housing developer Continental Properties to provide free Shipt memberships to residents at nearly 60 of Contintental’s properties across the country. Get the Full Story...
Cryptocurrency and digital payments network Ripple is collaborating with remittance company SBI Remit, as well as Coins.ph, to introduce an on-demand liquidity (ODL) service in Japan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Citizens Financial Group, Inc. which operates Citizens Bank branches in 11 states, announced on Wednesday (July 28) that it has entered into an agreement and merger plan valued at approximately $3.5 billion to acquire all outstanding shares of Investors Bancorp, Inc., Inc. for a combination...
Business-to-consumer text messaging company Gupshup on Wednesday (July 28) announced it has raised a further $240 million in follow-on funding from various investors including Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments and Harbor Spring Capital, as well as accounts managed...
