News

Investments
Smart Home Platform Plume Raises $270 Million For Research, Growth
February 23, 2021

Smart home tech company Plume raised $270 million in a Series E funding round, valuing the company at $1.35 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Today In B2B: SMBs Frustrated By PPP Glitches; OnDeck Collaborates With HomeAdvisor
February 23, 2021

Today in B2B payments, small businesses express frustration with the PPP loan program, while Cirralto plans new funding for its B2B payments tool. Plus, OnDeck partners with HomeAdvisor, MUFG launches a green deposit solution for corporates and Biden narrows PPP’s focus on the smallest of...

International
UK Businesses Face Headwinds From Pandemic And Brexit
February 23, 2021

Businesses in the United Kingdom in sectors ranging from pet food to financial services and retail are grappling with challenges stemming from the pandemic and Brexit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Tyme Raises $110 Million To Grow Digital Bank For Underserved In South Africa, Asia
February 23, 2021

After raising $110 million in a Series B capital raise, Tyme plans to expand its digital bank for the underserved into Asia and Southeast Asia, starting with the Philippines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Today In Retail: Home Depot’s Sales Surge 25.1 Pct; Walgreens Expands On-Demand Delivery Services
February 23, 2021

In today’s top retail news, Home Depot reported that its fourth-quarter revenue surged 25.1 percent, while Walgreens is growing its on-demand delivery offerings with Instacart. Plus, three-month-old California startup Finesse is taking on the fashion sector. Get the Full Story Complete the form to unlock...

Acquiring
NMI Expands Into Omnichannel Payments With USAePay Acquisition
February 23, 2021

Payments enablement firm NMI has acquired the payments solutions company USAePay to offer their joint customers more choices, NMI announced in a press release on Tuesday (Feb. 23). The acquisition will also elevate NMI’s technical capabilities and further cement its leadership position in global omnichannel...

Mobile Commerce
Airtel, Qualcomm Team Up For 5G Telecom Push In India
February 23, 2021

Bharti Airtel, which provides telecommunications services, is teaming up with Qualcomm, a chipmaker and wireless tech company, to accelerate the pace of the 5G rollout in India. The companies said the partnership’s activities would “create new opportunities for small and medium-sized businesses to become viable...

IPO
EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
February 23, 2021

Luxury electric vehicle (EV) maker Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital Corp IV (CCIV) are planning a merger to go public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Acquiring
Wells Fargo To Sell Asset Management Business For $2.1 Billion
February 23, 2021

San Francisco-based Wells Fargo announced on Tuesday (Feb. 23) that it had reached an agreement to sell its asset management business for $2.1 billion to private-equity firms GTCR LLC and Reverence Capital Partners. That Wells Fargo division manages more than $603 billion. Get the Full...