News

Partnerships / Acquisitions
Vacasa Adds 6,000 Properties With Turnkey Vacation Rentals Acquisition
April 01, 2021

Portland, Oregon-based Vacasa has completed its acquisition of Turnkey Vacation Rentals, a vacation rental-property manager in more than 80 markets across the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Today In Retail: Kohl’s Board Aims For Re-Election; reCommerce Platform Backflip Officially Launches
April 01, 2021

In today’s top retail news, Kohl’s present board is seeking re-election amid an activist challenge, while Backflip has left stealth mode and officially rolled out. Plus, Guess anticipates that sales and earnings will double by 2025. Get the Full Story Complete the form to unlock...

Delivery
Deliveroo’s IPO Flopperoo Driven By Workforce Regulation Changes
April 01, 2021

U.K.-based food delivery app Deliveroo is not having a terrific first week on the public markets.  The Amazon-backed delivery service saw its share price plunge 30 percent on its first day of trading before eking out a small recovery that still left stock priced down...

IPO
Frontier Airlines Raises $570 Million IPO At $4 Billion Valuation
April 01, 2021

The budget carrier Frontier Airlines is expecting to raise $570 million when it starts trading on Nasdaq on Thursday (April 1), giving the Denver-based company an estimated $4 billion valuation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Digital Banking
Malaysia’s Central Bank May Give Out 5 Digital Licenses This Year
April 01, 2021

The Malaysian central bank, Bank Negara Malaysia, reportedly may issue up to five licenses for digital banks by the first quarter of 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
Real Estate Startup Compass Raises $450 Million In Downsized IPO
April 01, 2021

Real estate technology startup Compass scaled back its initial public offering (IPO), raising $450 million, about 50 percent less than anticipated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Delivery
Spanish Courier Platform Glovo Notches $530 Million For Q-Commerce
April 01, 2021

Spanish delivery and courier platform Glovo raised €450 million ($530 million) in a Series F funding round led by Lugard Road Capital and the Luxor Capital Group. Returning investors also participated in the round, including Delivery Hero, Drake Enterprises and GP Bullhound. Get the Full...

Partnerships / Acquisitions
UK Competition Authority OKs Uber’s Buyout Of Autocab
April 01, 2021

The U.K.’s Competition and Markets Authority has cleared Uber’s buyout of Autocab, which provides software for booking and dispatching in the taxi industry. Autocab also operates a referral network for taxi and private-hire operators. Get the Full Story Complete the form to unlock this article...

Mobile Payments
Mastercard’s Airtel Investment Spotlights Africa’s Mobile Money Boom
April 01, 2021

The mobile payments surge is global in scope, touching all regions and countries. That’s especially apparent in Africa, where as reported Thursday (April 1), Airtel Africa is getting a $100 million investment from Mastercard that valued the platform at roughly $2.7 billion, and which would give Mastercard...