News

Retail
Neiman Marcus Group Plans To Buy Stylyze As Part Of Digital Push
June 16, 2021

In the first of many planned future digital investments and developments of technological functionalities, Neiman Marcus Group (NMG) plans to purchase Stylyze, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
Dutch Bros Listing May Help IPO Market Percolate
June 16, 2021

The pandemic is receding, economies are reopening. Which brings us to … our everlasting need for coffee. How else to get ready for the Zoom calls that still are the mainstays of working from home — and of course, for the daily commute as we return,...

Investments
Bringg Valued At $1 Billion After Closing $100 Million Series E
June 16, 2021

Delivery and fulfillment startup Bringg raised $100 million in a Series E funding round led by Insight Partners, with participation from existing backers Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures and Viola Growth. Get the Full Story Complete the form to unlock...

Investments
Motif FoodWorks Raises $226 Million Amid Rising Interest In Plant-Based Edible Alternatives
June 16, 2021

Funding for plant-based proteins continues to pour in to the sector, as Boston-based food technology company Motif FoodWorks announced a $226 million Series B fundraise Wednesday (June 16). The company said it will use the funds for research and development, building out its technology, and...

Partnerships / Acquisitions
Virtual Events Provider Hopin Moves To In-Person Events With Boomset Acquisition
June 16, 2021

The virtual events provider Hopin is moving into the real world. The company on Wednesday (June 16) announced its acquisition of Boomset, a global provider of onsite event services, allowing it to become “the single solution for producing events, period.” Get the Full Story Complete...

Security & Fraud
McAfee: Peloton Bike+ Security Flaw Could Let Hackers Spy On Riders
June 16, 2021

Software security firm McAfee discovered a security flaw in the Android operating system powering Peloton Bike+ that could potentially give hackers the ability to spy on riders or steal their personal data, McAfee said in a press release. Get the Full Story Complete the form to...

eCommerce
SHEIN Shoves Amazon Out Of The Top Spot For eCommerce Apps
June 16, 2021

While SHEIN may not be the household name in eCommerce that Amazon is in the U.S., it has managed a feat that few other retailers have pulled off: It managed to displace Amazon from the top spot in terms of app downloads. Get the Full...

IPO
Global Investment Heats Up In Southeast Asia, Middle East
June 16, 2021

A blockbuster number of companies might go public in Thailand in 2021, CNBC reported. Ken Fong, head of equity capital market research for Asia-Pacific at Dealogic, told CNBC that the country typically has approximately 30 public listings annually, while data showed that most typically arrive...

News
Today In Payments: Web Inventor Will Auction Source Code As NFT; Shop Pay Available To...
June 16, 2021

In today’s top news, the inventor of the World Wide Web is auctioning off its source code through an NFT, and Shop Pay will be made available to merchants on Facebook and Google. Plus, Uber Eats users can now order Walgreens products for delivery. Get...