News

Investments
European Insurance Unicorn Wefox Notches $650 Million At $3 Billion Valuation
June 01, 2021

Berlin-based digital insurance company wefox has landed $650 million in financing, giving the a firm a valuation of $3 billion, according to a Tuesday (June 1) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
German Freight Forwarder Sennder Raises $80 Million At $1 Billion Valuation
June 01, 2021

German freight-forwarding startup sennder raised an additional $80 million in its January Series D funding round, bringing the total to $240 million at a valuation of more than $1 billion.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Krispy Kreme Files For IPO Amid ‘Indulgence’ Growth
June 01, 2021

Doughnut chain Krispy Kreme announced Tuesday (June 1) that it had filed paperwork for its proposed initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The so-called S-1 filing follows a draft filed in early May, and comes on the heels of...

International
Nigeria’s Gokada Rides Eyes Super App With Diversified Services
June 01, 2021

Nigerian ride-hailing startup Gokada Rides is diversifying its services and bolstering its eCommerce and food delivery units after expanding into last-mile delivery and logistics in 2020, Bloomberg reported on Tuesday (June 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
NYC Boutique Leans On Service, Hard-to-Find Clothes To Neutralize Retail Rivals
June 01, 2021

In a year that has consumed some of the largest and oldest department stores and pushed many retail chains to the brink, the LetterJ boutique — a single-location menswear boutique in New York City’s Chelsea gallery district — has managed to survive and thrive where others have...

Retail
Retailers Wrestle With Inflation And Inventory Challenges
June 01, 2021

It’s been said “there is no ‘i’ in team” — but for the nation’s retailers and the legion of small and medium-sized businesses that support and supply them, there are two giant “i-words” complicating the comeback: inflation and inventory. Get the Full Story Complete the...

Retail
Perfect Corp Teams With Google To Help Consumers Virtually Try On Makeup
June 01, 2021

Beauty technology company Perfect Corp. has teamed with Google on the rollout of augmented reality (AR) beauty try-ons via Google search, according to a Tuesday (June 1) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Kirkland’s Comp Sales Surge Amid Recovery In Home Furnishings
June 01, 2021

Kirkland’s, a home décor retailer that runs 370 brick-and-mortar locations and an eCommerce website, reported that comparable sales surged by approximately 75 percent and eCommerce saw growth of 42 percent, according to a Tuesday (June 1) announcement. Get the Full Story Complete the form to...

International
Wise Now Facilitates Indian Rupee Transfer To 40+ Countries
June 01, 2021

Money transfer service Wise (formerly Transferwise) is now facilitating rupee (INR) transfers from India to more than 40 countries, including Australia, Canada, Singapore, the U.S., the U.K. and UAE. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...