News

Banking
SPAC-Bound Green Banking Startup Aspiration Bets On Conscientious Consumer Demand
August 19, 2021

Long before its SPAC announcement on Wednesday (Aug. 18), green banking startup Aspiration was making waves in the FinTech space, with its ESG-friendly business plan aimed at helping its five million customers become financially successful without impacting the environment. When customers use its services to...

Retail
Today In Food Tech: SpartanNash Boosts Margins; Ocado Sales Fall
August 19, 2021

Today in restaurant and grocery tech news, SpartanNash rethinks its supply chain, while Just Eat Takeaway.com launches a debit card. Plus, Ocado has a rough few months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bitcoin
Bitcoin Daily: Coinbase Makes Japan Debut; Former SEC Chair Joins Fireblocks Board
August 19, 2021

Coinbase, a popular crypto exchange, is being rolled out in Japan, according to a company blog post. 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...

B2B Payments
Zact, ITILITE Collaborate On Travel Expenses
August 19, 2021

The payments company Zact announced a partnership on Thursday (Aug. 19) with the business travel expense reimbursement platform ITILITE. 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...

B2B Payments
Fifth Third Private Bank Debuts Business Transition Advisory Team
August 19, 2021

Ohio-based Fifth Third Private Bank on Thursday (Aug. 19) announced the creation of the Business Transition Advisory team, a group aimed at readying business owners for the financial and personal responsibilities associated with a business transition, merger, acquisition or initial public offering. Get the Full...

Investments
Mobile Auto Repair Company RepairSmith Nets $42M In Funding
August 19, 2021

Full-service mobile auto repair and maintenance firm RepairSmith on Thursday (Aug. 19) announced it has raised $42 million in a Series B funding round from investors, including TI Capital, Mercedes-Benz, Porsche Ventures and Spring Mountain Capital. Get the Full Story Complete the form to unlock...

Retail
Grocery Roundup: Ocado Sees First-Ever Sales Decline; Food Industry Celebrates SNAP EBT Increase
August 19, 2021

For the first time in its history, United Kingdom-based eGrocery company Ocado is seeing sales fall. Sales dropped 0.7 percent year over year for the 12 weeks ending Aug. 8, data analytics company Kantar reported Tuesday (Aug .17), the first downturn for the company. Get...

International
China’s Big Tech Crackdown Could Chill Innovation  
August 19, 2021

China is clearly trying to hobble its leading global superstars. This is happening even though it has some skin in the game, so to speak, in taking some of the profits, as the government takes stakes in those same firms. Get the Full Story Complete...

International
PayNearby Teams With Visa, RBL Bank To Launch SoftPoS, mPOS In India
August 19, 2021

India’s 30 million-plus MSMEs (micro, small and medium enterprises) now have access to an all-inclusive digital payment hub, minimizing the effect of poor infrastructure on merchants’ digital payment adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...