News

Investments
UK’s Revolut Eyes SoftBank Investment At Potential $30B Valuation
July 05, 2021

British banking and payments app Revolut is in “detailed” talks with giant technology investor SoftBank that contemplate an investment valuing the FinTech company at more than $30 billion, Sky News reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
ByteDance Allows Other Companies To Buy TikTok AI Tech
July 05, 2021

ByteDance has begun selling the artificial intelligence that powers its blockbuster TikTok app to other companies outside China, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Didi Warns Of Revenue Drop
July 05, 2021

Didi, the ride-hailing giant, has said it might see a revenue drop as of a new regulatory order to remove its apps from app stores in China amid cybersecurity investigations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
Google, Twitter And Facebook Eye Leaving Hong Kong If Data Laws Pass
July 05, 2021

Facebook, Twitter and Google are among the big companies threatening to quit offering services in Hong Kong if the authorities’ proposed changes pass, making those companies responsible for malicious sharing of individuals’ data on the internet, The Wall Street Journal (WSJ) wrote Monday (July 5)....

Partnerships / Acquisitions
Businesses Spend $1.74T On M&A In First Half Of ’21, Break 40 Year Record
July 05, 2021

Businesses were hungry for mergers and acquisitions involving U.S. companies for the first six months of 2021 — the numbers for that sat at $1.74 trillion, the Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Codat Raises $40M To Expand SMB Data Sharing Tools
July 05, 2021

Codat, a FinTech that specializes in products that help small to medium-sized businesses (SMBs) share financial data, announced a $40 million funding round per a Thursday (July 1) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Bigbank Picks Nets For Digital B2B Payments Services
July 05, 2021

Bigbank has picked payments services provider Nets to run products, including virtual cards and mobile payments, Nets announced Friday (July 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Partnerships / Acquisitions
Credit Suisse, KLARA Team On B2B Open Banking
July 05, 2021

Credit Suisse will be working with KLARA on new open banking options, according to a Friday (July 2) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Fintech Investments
Payhippo Raises $1M Toward B2B AI Lending
July 05, 2021

Payhippo, the artificial intelligence (AI)-driven lending platform, has raised $1 million in pre-seed funding, which it plans to use to hire more engineers and keep financing smaller businesses, a Friday (July 2) press release said. Get the Full Story Complete the form to unlock this...