News

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...

Investments
Drone Delivery Startup Zipline Gets $250M For Instant Logistics
July 01, 2021

The drone delivery startup Zipline announced $250 million in new funding this week, bringing the company’s valuation to $2.75 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
The EU Unveils Its COVID Travel Passport
July 01, 2021

The EU Digital COVID Certificate Regulation went into effect on Thursday (July 1), making it easier for citizens and residents of the EU who have been vaccinated to travel through the region. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
More CFOs Choosing Transformation Over Mere Digitization As AP/AR Function Morphs
July 01, 2021

Of all the weird notes on which 2021 began, it was a wave of chief financial officer (CFO) resignations that vied for the most head-scratching headlines, like The Wall Street Journal blaring that “More Finance Chiefs Resigned in 2020 Than in Previous Years” — up...

Partnerships / Acquisitions
Zebra Plans Fetch Acquisition To Further On-Demand Automation
July 01, 2021

Front line business firm Zebra Technologies is planning to acquire cloud-driven autonomous mobile robot (AMR) startup Fetch Robotics for an estimated $290 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Dubai Cloud Kitchen Startup Kitopi Raises $415M
July 01, 2021

Kitchen as a Service (KaaS) startup Kitopi closed a $415 million Series C funding round led by SoftBank Vision Fund 2 to advance its expansion in the Middle East. Participation in the funding also came from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital...

Retail
Walgreens Sees Increased Sales As Personalization Effort Continues
July 01, 2021

For Walgreens, the rollout of its sweeping COVID-19 vaccine program this year was a demonstration of the company’s ability to move quickly and at scale as it accelerates the transformation and restructuring of its pharmacy and retail businesses. Get the Full Story Complete the form...

Retail
Hims & Hers Makes Contextual Commerce Play With Urban Outfitters Partnership
July 01, 2021

When Urban Outfitters announced a new partnership with direct-to-consumer health and wellness brand Hims & Hers, one way to look at it was simply an effort to get more diverse product offerings on the lifestyle retailer’s shelves. Get the Full Story Complete the form to...