As it follows peers in investing in startups disrupting traditional banking, UBS Group AG is dedicating hundreds of millions to back FinTechs. The firm is intending to have a corporate VC fund to make investments ranging from $10 million to $20 million and intends to...
With funding that will help keep growing its product categories from ridesharing to food delivery and micro-mobility in Africa as well as Europe, Bolt closed a €100m investment round. Naya Capital Management, the investment manager that Masroor Siddiqui started in 2012, made the investment, according...
What will it take to bring consumers and product buyers out of their homes and onto the road as the economy reopens? The wholesale website Faire is betting they’ll “leave” their homes via its trade show platform. Get the Full Story Complete the form to...
London-based global payment provider Checkout.com has purchased Pin Payments, an Australian startup, the companies announced Tuesday (May 26). 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...
The last time Chinese eCommerce companies collaborated for an online shopping holiday it was called Singles Day. Held on 11/11 and managed by Alibaba, in 2019 it took in $38 billion. It was also the likely inspiration for Amazon’s Prime Day, which took in $7.1...
Artificial intelligence (AI) is entering the retail mainstream. Domino’s uses it to set pizza delivery times. Sephora’s ColorIQ scans shoppers’ skin to provide custom recommendations for foundation and concealer. Walmart’s Intelligent Retail Lab is experimenting with a number of artificial intelligence tools. And the most recent case in point:...
Following the closure of its retail locations due to the pandemic, Tuesday Morning Corp. is reportedly gearing up to file for bankruptcy. The Texas-based company was founded in 1974 and has approximately 700 retail locations throughout the country, The Wall Street Journal reported. Get the Full Story...
To help pay back borrowings under its existing $1.5 billion credit facility, Macy’s Inc. unveiled the offering of $1.1 billion in senior secured notes set to mature in 2025. The department store retailer said the notes would be secured by a selection of real estate...
Who doesn’t love a good mystery crime drama? Fraud victims, for a start. And for corporations in the financial sector, fraud scales. That’s millions of records hacked, accounts taken over and lives disrupted. Right now, the situation is worse than ever, as COVID-19 chaos gives...
