News

B2B Payments
Xendoo, Gusto Partner For New Payroll Solution
July 01, 2021

The accounting/bookkeeping software fintech Xendoo announced on Thursday (July 1) that it had formed a partnership with Gusto to create a new service called Xendoo Payroll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
Robinhood S-1 Reveals $81B In Assets Amidst Retail Trading Boom
July 01, 2021

Robinhood Markets, Inc. has filed to go public with the U.S. Securities and Exchange Commission (SEC), disclosing that it had $81 billion in assets under custody (AUC) and 18 million net cumulative funded accounts as of March 31, 2021, according to a Thursday (July 1)...

Retail
Grocery Roundup: On The Go Is On The Rise
July 01, 2021

The corner store snack stop is back. As packaged food brands that rely on grocery shoppers begin to lose sales to restaurants, those that provide a quick snack for shoppers on the go are actually benefitting from vaccinated consumers’ increased mobility. The Simply Good Foods...

Retail
Clorox Stocks Tank As Pandemic Demand Fades
July 01, 2021

Clorox is one of the financial casualties in the aftermath of the COVID-19 pandemic, as an obsessively cleaning population eased disinfecting protocols as the world reopened amid widening vaccination distribution. Approximately 155 million people in the U.S. are now fully vaccinated. Get the Full Story...

Investments
VCs Just Chased The Food Delivery Trend All The Way To Prague In Latest Rohlik...
July 01, 2021

With early sales data and consumer polling suggesting that the global digital food ordering market will continue to grow, even as consumers around the world begin returning to their public lives, investors are showing interest in the burgeoning category. In fact, funding for Czech grocery...

Digital Banking
FinTechs Vie For Digital Banking Licenses In Malaysia
July 01, 2021

Grab and AirAsia are among the 12-plus companies in Southeast Asia hoping to land a digital banking license in Malaysia, Reuters reported on Thursday (July 1), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
Hepsiburada Finishes Off US IPO As It Eyes Super-App Future 
July 01, 2021

Hepsiburada may not be a household name here in the U.S., but as of its IPO on the Nasdaq on Thursday (July 1), the company now carries a $1.9 billion valuation from the first-of-its-kind listing by a Turkish firm. With the funds now in hand,...

Partnerships / Acquisitions
Rapyd To Acquire Valitor For $100M To Expand Omnichannel Payments
July 01, 2021

FinTech-as-a-Service startup Rapyd announced Thursday (July 1) it will spend $100 million to acquire Icelandic payments solution firm Valitor from Arion Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
Today In Payments: Coinbase Planning App Store; Amex Partners With Better, Rocket Mortgage
July 01, 2021

In today’s top news, Coinbase is planning to make a cryptocurrency app store on blockchain, and American Express now offers reward credits for cardholders who get mortgages through Better or Rocket Mortgage. Plus, three Nordic mobile payment apps are merging to make one European digital...