News

Investments
Ramp Closes $300M Series C At $3.9B Valuation
August 25, 2021

New York-based corporate card startup Ramp closed a $300 million Series C funding round led by Founders Fund, with participation from Redpoint, Thrive Capital, D1 Capital Partners, Coatue, Spark Capital, Stripe, Box Group, Conversion Capital and Lux Capital. Get the Full Story Complete the form...

Social Commerce
OnlyFans Changes Course, Won’t Ban Explicit Content
August 25, 2021

OnlyFans, a subscription-fueled platform known for hosting pornographic content, has apparently changed its mind about a planned ban of sexually explicit material. The company had announced the ban last week, but said on Twitter on Wednesday morning (Aug. 25) that it had reversed its decision....

Payment Methods
Adyen, Shiji Join Forces To Simplify Hospitality Payments
August 25, 2021

Dutch payments processing company Adyen on Wednesday (Aug. 25) announced its collaboration with Shiji Group to offer a streamlined payment process for the hospitality industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Express On Track To Reach $1B In eCommerce By 2024
August 25, 2021

Fashion apparel retailer Express, Inc. is on track to reach its eCommerce goal of $1 billion by 2024 after 28 percent growth in the second quarter compared to one year ago, and a 20 percent boost compared to the same period in fiscal 2019, company...

Retail
‘Boring’ Home Fragrance Market In Need Of Innovation
August 25, 2021

For months, home fragrance products were near impossible for retailers to keep in stock as consumers sought ways to keep their homes fresh amid COVID-19 lockdowns. Home fragrance sales, which include candles, diffusers and other scented items, jumped 13 percent in 2020 even as other...

Retail
Circle K Parent Expands As Threats To C-Stores Grow
August 25, 2021

Global convenience store giant Couche-Tard is growing its physical footprint in the U.S., even as short- and long-term factors cast a shadow on its future. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Warby Parker’s IPO Filing: Red Ink, And A Vision For D2C Eye Care
August 25, 2021

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 newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Retail
Dick’s Sporting Goods To Continue Opening New Stores
August 25, 2021

The transformation of Dick’s Sporting Goods into an experiential, omnichannel retailer is well underway, executives say, as consumer demand for athletic gear and apparel remains high. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
August 25, 2021

Payments orchestration platform Spreedly reported a 300 percent year-over-year increase in the number of merchants using the company’s resources to prevent fraud.