Germany’s Penta, which works in banking for small- to medium-sized businesses (SMBs), has completed a 18.5-million-euro ($20.4 million) funding round, according to a TechCrunch report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
U.K. challenger bank Monzo has launched business bank accounts this week after a year-long trial period in which 2,500 customers got early access, according to a TechCrunch report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A big part of SoftBank’s bailout plans for office sharing company WeWork could be in jeopardy after SoftBank backed away from a plan to buy $3 billion worth of the company’s shares, according to a report by The Wall Street Journal. Get the Full Story...
A dramatic decline in B2B transactions globally has leaders considering how to move forward, according to data from Tradeshift announced in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The luxury business is going the distance for COVID-19. While many luxury retailers have found themselves needing to slash prices to keep inventory moving, some luxury brands are switching manufacturing to assist in the coronavirus crisis. For example, LVMH, which owns high-end brands Louis Vuitton,...
To compete with Grab Holdings, Gojek has beaten tech industry tumult amid the coronavirus pandemic and notched $1.2 billion in fundraising, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As more customers shop online and upgrade their cellphones less often, stores like Dixons Carphone Warehouse are feeling the crunch, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In today’s top news, experts say 50 percent of people could lose their jobs due to current restrictions in place to prevent the spread of the coronavirus, and Travelex parent Finablr said it could be in danger of collapse. Plus, the U.S. Federal Reserve promised...
One, a new digital banking service in the U.S., is launching with a focus on helping middle class Americans with their finances in a new way, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
