News

News
The Week In Payments: Bitcoin, Unbundling And The Future Of The Physical World
February 12, 2021

When Elon Musk talks, bitcoiners listen. The price of the most prominent cryptocurrency on earth has been steadily climbing for the last two weeks since Musk added #bitcoin to his Twitter profile and declared himself a “supporter of bitcoin” on Clubhouse social media — which...

B2B Payments
Today In B2B: Amex Launches SMB Loans In Canada; FAB Collabs On Corporate Cards
February 12, 2021

Today in B2B payments, American Express rolls out small business loans in Canada, and First Abu Dhabi Bank collaborates with Mastercard on corporate cards. Plus, REPAY partners up for accounts payable, Tungsten teams up on invoice finance and the U.K. unveils its latest small business...

IPO
MoneyLion Closes Deal With SPAC Fusion Acquisition To File IPO
February 12, 2021

Digital financial platform MoneyLion and special purpose acquisition company (SPAC) Fusion Acquisition Corp. have closed a deal that would take MoneyLion public with an estimated $2.9 billion equity value. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
National Retail Properties Collects Roughly 95.7 Pct Of Rent
February 12, 2021

National Retail Properties, Inc. reported on Friday (Feb. 12) as part of its financial results that it had collected roughly 95.7 percent of the rent originally due for the quarter that ended Dec. 31, 2020 as of Jan. 31, 2021, according to an announcement. Get...

Retail
Newell Sees ‘Best Days Ahead’ As Sales Rise in 6 of 8 Business Groups
February 12, 2021

By leveraging the power of dozens of household brands ranging from Rubbermaid to Sharpie to Coleman camping, Sunbeam, Yankee Candle and more, Newell Brands said Friday (Feb. 12) that six of its eight business units and every major region increased core sales last quarter. Get...

Retail
CarGurus Approaching Pre-COVID Levels, Looks To Enable Fully Online Transactions
February 12, 2021

The newly installed CEO of CarGurus said Thursday (Feb. 11) the online automotive marketplace left 2020 with good momentum, citing increased subscription and average revenue rates from dealers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Away Brings Brick-And-Mortar Store To Seattle
February 12, 2021

Travel brand Away has opened a brick-and-mortar location in Seattle. The company, which now has 13 physical stores throughout the United States, U.K. and Canada, provides a host of luggage, bags and travel products, according to an announcement. Get the Full Story Complete the form...

IPO
SoftBank-Backed South Korean eCommerce Firm Coupang Files For IPO
February 12, 2021

South Korean eCommerce giant Coupang filed its eagerly-anticipated initial public offering (IPO) with the Security and Exchange Commission (SEC) on Friday (Feb. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
B2B Trade, Finance And Payments Drive VC Funding For FinTechs
February 12, 2021

The B2B venture capital boom continues this week with about $118 million in combined funding for a wide variety of FinTechs. Investors dug their heels into B2B trade, financing and payments solutions for small and medium-sized businesses (SMBs), with eCommerce-as-a-Service taking the top spot this...