News

Investments
DoorDash Prepares For Investment In Grocery Delivery App Gorillas
August 04, 2021

U.S. food delivery group DoorDash is ready to make a new investment in Berlin-based grocery delivery app Gorillas, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
Brazil IPO Market Sets New Standard
August 04, 2021

Low interest rates, an economic rebound from the COVID-19 pandemic and high levels of interest in the local money management industry across the country have led to a record year for the initial public offering (IPO) market in Brazil — and there’s still almost one-third...

Investments
B2B FinTech Reserve Trust Lands $30.5M Investment
August 04, 2021

FinTech trust company Reserve Trust, which has a Federal Reserve master account, announced in a press release Wednesday (Aug. 4) that it has secured a $30.5 million Series A investment in a round led by QED Investors. Get the Full Story Complete the form to...

eCommerce
Soon All Content Will Be Shoppable, Says Contextual Commerce Platform Chicory
August 04, 2021

Contextual commerce is rapidly evolving, growing both in scale and in scope, growing more common and becoming integrated into more parts of consumers’ routines. One of the common forms coming to the fore is shoppable content. From social media platforms’ shopping tools to retailers’ own...

B2B Payments
Accounting Software Firm Xero Launches App Store
August 04, 2021

Cloud-based accounting software company Xero launched its own app store Wednesday (Aug. 4), allowing small businesses, accountants and bookkeepers access to new apps to help them run their businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
Feedzai Buys FinTech AI Platform Revelock 
August 04, 2021

Artificial intelligence FinTech Feedzai announced Wednesday (Aug. 4) it has acquired Revelock, a behavioral biometric platform. 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...

Retail
With The Summer Event Season ‘Roaring,’ Consumers See Ticket Prices Soaring 
August 04, 2021

Consumers are getting back in the live-event saddle again. As Live Nation announced Q2 earnings this week, the firm touted that its Ticketmaster just had one of its best months ever in North America, as consumers are heading back out for in-person events. Get the...

B2B Payments
B2B Payments Today: AI Digs Deep Into AP; Lloyds And Visa Enable Corporate Card STP
August 04, 2021

Today in B2B payments, Vic.ai eyes the future of artificial intelligence (AI) in accounts payable (AP), and Lloyds teams with Visa on straight-through processing for corporate cards. Plus, SimpliFi discusses corporate Cards-as-a-Service, Nexelus launches an AP solution, and Chaser debuts embedded credit checks. Get the...

IPO
FinTech Pico Going Public By Merging With SPAC
August 04, 2021

The technology services firm Pico is set to go public following a $1.75 billion merger with a special-purpose acquisition company (SPAC). Pico and FTAC Athena Acquisition Group announced the merger on Wednesday (Aug. 4), saying the deal could provide $450 million in proceeds. Get the...