News

IPO
Report: Stripe Hires Attorney For IPO Prep
July 08, 2021

In hiring law firm Cleary Gottlieb Steen & Hamilton, popular digital payments processor Stripe is taking its first steps toward going public, U.S. News reported. The company was valued at $95 billion in a March funding round. Get the Full Story Complete the form to...

Investments
This Year Outpaces Last With Record Unicorns Amid Escalating Valuations
July 08, 2021

The second quarter of this year has seen a record number of unicorns — startups with valuations topping $1 billion — with venture capitalists investing an increasing amount of money following numerous epic public listings in the U.S., the Financial Times (FT) reported on Thursday...

Bitcoin
Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
July 08, 2021

Bank of America has created a new division looking into cryptocurrencies, Bloomberg 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 newsletter, PYMNTS Today....

Social Commerce
Popshop Live Valued At $100 Million, Adds Two Tech Veterans To Team
July 08, 2021

Popshop Live, a livestream shopping community, is coming off a Series A round with a $100 million valuation, a Thursday (July 8) press release said, and has added two new tech industry veterans to its fold. Get the Full Story Complete the form to unlock...

IPO
Senators Ask SEC To Probe Didi IPO
July 08, 2021

The question on the lips of two senators is whether Didi Chuxing, a ridesharing giant that went public last week, misled American investors, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Command Alkon Launches TicketPro To Digitize Ticket Data
July 08, 2021

Command Alkon launched a product known as TicketPro, a product designed to digitize material and haul tickets at a facility or job site by extracting data using optical character recognition (OCR) technology, according to a Thursday (July 8) press release. Get the Full Story Complete...

B2B Payments
B2B Payments Today: Nook Tackles BEC Scams; Clear Expands Into B2B Payments
July 08, 2021

Today in B2B payments, Nook eyes B2B ecosystems to combat the Business Email Compromise scam, and Clear acquires yBANQ. Plus, Land Gorilla discusses construction lending disruption, BarterPay collaborates with Meridian credit union, and Finstro launches a corporate card. Get the Full Story Complete the form...

B2B Payments
Onit Collab Lets Corporations Manage Legal Expenses
July 08, 2021

To provide third-party legal invoice review for the legal departments of corporations, legal workflow and business automation, tech company Onit has teamed with Sterling Analytics, according to a Thursday (July 8) announcement. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Swift Eases X-Border Friction By Letting FIs Check Recipient Info
July 08, 2021

In a move that takes away a point of friction in cross-border transactions, Swift rolled out a service that will let banks check a beneficiary’s account information prepayment, according to a Thursday (July 8) announcement. The Belgium-based organization says that the payment pre-validation service is...