News

B2B Payments
Today In B2B: Deutsche Bank Launches Thai B2B Payment Network; RowanPay Builds B2B Payment System...
February 19, 2021

Today in B2B payments, Deutsche Bank launches a B2B payments platform in Thailand, and RowanPay introduces a blockchain B2B payments network. Plus, Beeline collaborates on hiring managers’ spend management, OneSource Virtual debuts early wage access via payroll card and corporate confidence goes on the upswing....

Investments
China’s Digital Hospital SPH Notches $159.7 Million Series B
February 19, 2021

SPH Health Commerce, an online pharmacy and hospital in China, landed a 1.033 billion yuan ($159.7 million) Series B funding round led by Shanghai Biomedical Industrial Equity Investment Fund and JIC Investment. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Tanger’s Open-Air Outlet Malls Recover 90 Pct Of Q4 Customer Traffic
February 19, 2021

After contending with a “year like no other,” Tanger Factory Outlet Centers said customer levels at its three-dozen upscale open-air shopping campuses hit 90 percent of pre-pandemic traffic levels in the fourth quarter, and 99 percent for the month of January. Get the Full Story...

Retail
Hermès Outpaces Luxury Rivals As Q4 Results Show Chinese Demand For $15K Purses
February 19, 2021

Strong Asian demand for leather bags, wallets and even $900 sneakers saw the French luxury design house and retailer Hermès post a 12.3 percent increase in fourth-quarter sales, as the company announced on Friday (Feb. 19) from its headquarters in Paris. The strength of its...

Retail
Home Décor Retailer Kirkland’s Anticipates 1.8 Pct Comp Sales Rise
February 19, 2021

Home décor specialty retailer Kirkland’s, Inc. reported as part of its preliminary Q4 results on Friday (Feb. 19) that it anticipates a comparable sales rise of 1.8 percent, with the inclusion of online commerce expansion of 35.5 percent, according to an announcement. Get the Full...

Retail
Wholesale Marketplace Abound Notches $22.9 Million In Series A
February 19, 2021

Wholesale marketplace Abound landed $22.9 million in a Left Lane Capital-led Series A financing round, with further support from Red Antler, All Iron Ventures and RiverPark Ventures, according to a Friday (Feb. 19) announcement. Get the Full Story Complete the form to unlock this article...

B2B Payments
Accounts Receivable, Accounts Payable Emerge As Lucrative VC Targets
February 19, 2021

Though it was not the most lucrative week for B2B FinTech funding, the latest investment rounds came from a variety of markets, including Saudi Arabia and Sweden. Newly backed technologies include solutions for the accounts payable (AP) and accounts receivable (AR) side of B2B transactions,...

B2B Payments
How Finance Automation Backs A Complex Business Model
February 19, 2021

Reveal is no stranger to the value of data. As an eDiscovery solution provider for law firms and legal professionals, the company provides aggregated data and analyzes troves of data in their discovery and investigation efforts in an automated way using artificial intelligence (AI). Get...

Security & Fraud
Robinhood Retail Stock Trade Surge Spotlights Need For Digital ID Verification
February 19, 2021

If there’s one trait that most business executives share, it’s a love of predictability. Volatility is an enemy of most banking professionals, but they sure have their share of it these days. And it used to be a sworn enemy of stockbrokers, but the recent...