News

Banking
Report: Insurers Tap Open Banking to Keep Payments Process Seamless
August 31, 2021

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B2B Payments
SaaS Startup Factors.AI Raises $2M in Seed Funding
August 31, 2021

The software-as-a-service (SaaS) startup Factors.AI has raised $2 million in seed funding, the company announced Monday (Aug. 30). 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 to...

Investments
Payments Startup Melio May Reach $4B Valuation With Latest Funding
August 30, 2021

Melio Payments is set to triple its valuation in a new funding round, The Information reported. 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 to our daily...

B2B Payments
New South Wales Launches eInvoicing Hub
August 30, 2021

The government of New South Wales (NSW) has launched a platform that allows more than 20,000 small to medium-sized businesses (SMBs) to submit and review electronic invoices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Drone Express CTO: Fully Autonomous Grocery Delivery Is on Its Way
August 30, 2021

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Partnerships / Acquisitions
Ideanomics Buys VIA Motors to Bolster Electric Vehicle Growth
August 30, 2021

Ideanomics, a FinTech company, plans to buy electric commercial vehicle firm VIA Motors in an all-stock deal valuing the company at approximately $630 million, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Today In Retail: Ikea Dipping its Toe in US Secondhand Market; ‘Micro-Influencers’ More Trusted than...
August 30, 2021

In today’s top retail news, Ikea is testing a furniture resale program in Pennsylvania, while retail platform Leap sets its sights on helping open over 200 retail storefronts by the end of 2022. Also, Zebra Technologies is adding to its retail software portfolio, and brands...

IPO
Toast’s IPO Filings Say ResTech Industry Spending Will Double
August 30, 2021

Toast is made to order, perhaps, for the parade of initial public offerings (IPOs) on Wall Street that in recent months have trained a spotlight on digital payments and on platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
China Regulators Cracking Down on Peer-to-Peer Sharing Economy
August 30, 2021

China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. 30) that it plans to beef up its supervision of the country’s peer-to-peer (P2P) sharing economy, in which consumers share goods and services through an online platform. Get the Full Story Complete the form...