FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
FinTech payments platform Nium, based in Singapore, is expanding its global reach to service Kasikornbank’s Asia-Pacific customers in Indonesia, Korea, Malaysia, the Philippines and Vietnam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The digital shift will not have paper coupons. It remains to be seen if the pandemic and its hypervigilance about potential germs will wash what’s left of them away, but digital coupons are growing right along with the crisis-driven move to eCommerce. Get the Full...
Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods. Get the...
Hans Holmer is a quick study – and he needs to be. As the new vice president of operations for DRINKS, he is responsible for the supply chain of a rapidly growing retail as well as direct-to-consumer (D2C) beverage alcohol company that will quickly trip...
As it took fast and aggressive steps to respond to the pandemic, steps that resulted in positive operating cash flow, Kohl’s reported a first quarter net sales drop of 43.5 percent. The retailer, however, said it grew its financial flexibility during the quarter, which it...
The eCommerce platform WooCommerce is introducing a tool that will help its stores manage payments more easily. 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 to our...
In a wager that coffee’s strength will be attractive to investors during the pandemic, the investment company behind Pret A Manger, Panera Bread and Peet’s Coffee is reportedly proceeding with a coffee business initial public offering (IPO). JAB Holdings’ intended offering of JDE Peet would...
Although the country is starting to reopen following mandatory shutdowns amid the coronavirus pandemic, social distancing is still a must for face-to-face interactions. To help people maintain distance while venturing out for in-person transactions, PayPal has introduced contactless QR codes for payments. Get the Full...
