News

IPO
Report: Stock Prices For SPACs Down 39 Pct
May 02, 2021

Shares of special-purpose acquisition companies (SPACs) have fallen out of favor a bit since their all-time highs, the Financial Times reported on Sunday (May 2). The values of the shares have fallen by an average of nearly 40 percent since their highs. Get the Full...

Bitcoin
Bitcoin Daily: Turkey Adds Crypto Platforms To AML, Terrorism Rules; Berkshire Hathaway’s Munger Says Bitcoin...
May 02, 2021

Turkey has added cryptocurrency trading platforms to its list of firms covered by anti-money laundering (AML) and terrorism financing regulation, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Foot Traffic In Clothing Stores Approaches Pre-Pandemic Levels
May 02, 2021

Apparel stores are seeing more demand now as people start to go out more often, The Wall Street Journal reported on Sunday (May 2). The demand comes at the junction of numerous events, including more social events opening up, vaccines expanding in the U.S. and...

Acquiring
PrimePay Buys SyncHR To Boost Payroll Services
May 02, 2021

PrimePay, a human capital management, payroll and benefits services company, has acquired SyncHR, an all-in-one HR and payroll company, a press release stated on Friday (April 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Wealthsimple Eyes Fundraise On $3.5 Billion Valuation
May 02, 2021

Representatives of Wealthsimple, a Canadian investing website whose motto is “Get rich slow,” are discussing a valuation of more than $3.5 billion in new fundraising talks, Bloomberg reported, citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Bain Capital Amasses $11.8 Billion For North America Buyout Fund
May 02, 2021

Private equity powerhouse Bain Capital has raised $11.8 billion for a new fund, Reuters first 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...

B2B Payments
Teampay Links Spend Management With SVB Business Card
May 02, 2021

Spend management services provider Teampay announced its platform will work with Silicon Valley Bank’s (SVB’s) Innovators Card, the companies announced in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Alviere, Currencycloud Team On B2B eWallet For X-Border Payments
May 02, 2021

Embedded finance platform provider Alviere and cross-border finance specialist Currencycloud are collaborating on what they called in press release a “multicurrency cross-border embedded finance solution.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
What To Wear When We Reopen
May 01, 2021

What to wear? Always an important question, though perhaps in a different way during the year of the pandemic, as workers around the world headed home from the office and shed their business casualwear for sweatpants, old T-shirts and slippers, working in the privacy of...