A retail industry researcher and forecaster issued a report on Thursday (Jan. 28) saying that as many as 10,000 stores could close in the U.S. in 2020. On the upside, U.S. store openings could reach 4,000 this year, with the big winners being grocery discounters...
U.S. challenger bank Dave has secured a $100 million credit facility from alternative investment firm Victory Park Capital (VPC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Plaid introduced its Plaid Deposit Switch beta product, which lets users set up or modify the destination of their paychecks. The FinTech says Deposit Switch comes with immediate and backup processes for consumers who are implementing recurring account funding, according to a Thursday (Jan. 28)...
DoorDash is the dominant player in convenience store deliveries as the pandemic continues to keep people home and out of physical retailers and restaurants, according to a research report released Thursday (Jan. 28) by Edison Trends. Get the Full Story Complete the form to unlock this...
Chinese ride-hailing giant Didi Chuxing has raised $300 million for its autonomous driving unit, adding to the $500 million the company raised in May, according to a Reuters report on Thursday (Jan. 28). Get the Full Story Complete the form to unlock this article and...
Brazilian FinTech Nubank raised $400 million in a Series G funding round led by Singapore’s GIC, Whale Rock and Invesco, Nubank said in a Thursday (Jan. 28) blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Chipotle Mexican Grill on Thursday (Jan. 28) announced a pilot test of its new carside pickup program. Chipotle Carside will be tested at 29 of the chain’s California restaurants, with plans for a national rollout later in 2021. The feature will be available exclusively through...
In today’s top digital-first banking news, LoanDepot will be seeking up to $315 million in its initial public offering (IPO), while Jack Henry & Associates is branching out with a new line of business named Jack Henry Consumer Loans. Plus, financial services firm Stilt has...
McDonald’s fell short of expectations in the final quarter of 2020. Revenue amounted to $5.31 billion, short of the $5.37 billion expected, while earnings per share were $1.70, eight cents short of the expected EPS, reported CNBC. Global sales fell 1.3 percent, U.S. comparable sales...
