News

B2B Payments
Tide Rolls Out Tool To Help SMBs Chase Invoices
May 06, 2021

Tide, the United Kingdom-based corporate banking platform, is rolling out a new way to assist small to medium-sized businesses (SMBs) with receiving payments on schedule by the way of its Tide Invoice Assistant offering, AltFi reported on Thursday (May 6). Get the Full Story Complete...

Partnerships / Acquisitions
Gopuff Moves Across The Pond With Fancy Acquisition
May 06, 2021

Gopuff is acquiring on-demand delivery platform Fancy as it advances its international expansion plans, according to a Thursday (May 6) press release. The value of the deal was not disclosed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Today In Payments Around The World: Einride Raises $110 Million; Marqeta Teams With Afterpay
May 06, 2021

In today’s top payments news around the world, Sweden-based Einride has landed $110 million, while Marqeta has collaborated with Afterpay on virtual cards. Plus, Shift Technologies has closed a Series D funding round of $220 million. Get the Full Story Complete the form to unlock...

Retail
Today In Retail: Sally Beauty’s Net Sales Increase; Wayfair’s Revenue Surges
May 06, 2021

In today’s top retail news, Sally Beauty reported that its second-quarter consolidated same-store sales increased by 6.5 percent, while Wayfair reported that its total revenue surged by nearly 50 percent year over year. Plus, a new economic analysis indicates that consumers are eager to spend....

Partnerships / Acquisitions
First Bankcard, WebstaurantStore Partner On Business Credit Cards
May 06, 2021

First Bankcard, which is a division of First National Bank of Omaha (FNBO), is working alongside WebstaurantStore and will offer three new credit card options targeting consumers and small businesses, a press release said Thursday (May 6). Get the Full Story Complete the form to...

Investments
Insurance AI Provider Shift Secures $220 Million In Funding For Fraud Detection
May 06, 2021

Shift Technologies, which provides artificial intelligence (AI)-powered decision automation and optimization solutions for insurance companies, has closed a Series D funding round of $220 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Today In Payments: PayPal Reports Strong Q1 Results; Chime Stops Using Word ‘Bank’ After Regulator’s...
May 06, 2021

In today’s top news, PayPal’s earnings exceeded expectations as the firm sets its eyes on building a super app, and Chime has to drop the term “bank,” per a settlement agreement with a California regulator. Plus, the Federal Reserve Board is looking to add guidelines...

Retail
Grocery Roundup: Brick-And-Mortar Sales Growth Slows As Meal Kits Gain Ground
May 06, 2021

As newly vaccinated consumers return to restaurants for dine-in experiences, grocery sales remain elevated, but growth is slowing. In a news release on Monday (May 3), Publix announced that sales for the first quarter of 2021 totaled $11.7 billion, a 3.9 percent increase year over...

IPO
FinTech Remitly Makes Move Toward $5 Billion New York IPO 
May 06, 2021

The FinTech startup Remitly is taking steps toward an initial public offering (IPO) in New York that could give the remittance platform a $5 billion valuation, WTBV reported, citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...