News

B2B Payments
Tide Capital Now Able To Distribute BBLS Loans To SMBs
May 18, 2020

Tide Capital, now accredited as a lender, will have the authority to distribute loans between £2,000 and £50,000 during the coronavirus pandemic to struggling businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
SMB-Focused Lender Judo Bank Attains Unicorn Status
May 18, 2020

Australia’s Judo Bank has attained unicorn status, according to FinTech Magazine, meaning it has achieved a valuation of at least $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Safety First As LA Fitness, Other Gyms Plan Reopenings
May 18, 2020

Georgia is the first state rolling out the gym mat to LA Fitness and other exercise facilities that were forced to close in March amid the global coronavirus pandemic. LA Fitness has some 40 gyms in the Atlanta area and will begin reopening on Friday...

News
Today In Payments: Grubhub Says No Deal, But Negotiations Continue; SoftBank Posts $18B Loss As...
May 18, 2020

In today’s top news, Grubhub says “no deal” to Uber, but negotiations continue. Meanwhile, SoftBank posts $18 billion in losses after Jack Ma resigns, and the Federal Reserve’s Jerome Powell says economic recovery could take a year and a half. Get the Full Story Complete...

Investments
Robinhood Site Goes Down, Again
May 18, 2020

Users of the digital trading platform Robinhood have taken to social media once again to express their outrage about outages locking them out of a stock market rally on Monday (May 18), according to a report. Get the Full Story Complete the form to unlock...

Delivery
FedEx, Microsoft Team On Shipping Initiative
May 18, 2020

FedEx Corp. and Microsoft Corp. plan to launch a multi-year collaboration that they say will transform commerce by combining the transportation company’s logistics network with the power of cloud computing technology, the firms announced on Monday (May 18). Get the Full Story Complete the form...

Artificial Intelligence
AI Deployed To Help Expand India’s Healthcare Services
May 18, 2020

Healthcare personnel shortages in India are being filled by artificial intelligence (AI) to help make medical services available to segments of the population that are often skipped over, according to a Monday (May 18) report in Financial Times (FT). Get the Full Story Complete the...

Ridesharing
Uber Refocuses Business, Cuts 3K Jobs
May 18, 2020

Uber plans to cut 3,000 more jobs and close 45 offices — all while eyeing other cutbacks as the COVID-19 economy keeps pummeling the ride-hailing giant. Job cuts do not include drivers, who technically are not employees. Get the Full Story Complete the form to...

Delivery
India’s Food Delivery Platform Swiggy Slashing 1K+ Positions
May 18, 2020

Swiggy, India’s biggest food delivery startup, is laying off 1,100 workers as the coronavirus pandemic takes an economic toll on businesses across the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...