Ohio-based startup Loop closed a $10 million Series A funding round led by FirstMark Capital with participation by Lerer Hippeau and Ridge Ventures, Loop said in a press release on Tuesday (Nov. 12). Get the Full Story Complete the form to unlock this article and...
Africa’s veteran FinTech firm Interswitch became the sector’s first unicorn following a $200 million investment by Visa that gave it a 20 percent equity stake in the firm, SkyNews reported on Sunday (Nov. 10), citing a source. Get the Full Story Complete the form to...
According to reports, the acquisition deal between Le Tote and Hudson Bay Company (HBC) for Lord & Taylor has officially closed, with Le Tote Chief Merchandising Officer Ruth Hartman appointed as president of the department store. The deal was reportedly worth 99.5 million Canadian dollars...
That the sharing economy has indelibly altered the travel vertical is inarguable. According to a study out last year, when Airbnb enters a new city, hotel booking rates in that city fall (on average) by 1.3 percent within the first year, while annual revenue falls by...
The numbers are in from Alibaba’s annual Singles’ Day online shopping event, and among the big winners are L’Oréal and Nestle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Retail involves all senses, but as a new decade approaches, it’s become clear that visual commerce is gaining even more steam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In Latin America, Colombia is a bright spot for innovation and growth within the small business ecosystem. An Oxford Business Group report on the nation pointed to an estimated 2.5 million small and medium-sized businesses (SMBs) in the country, while data released from Duke University...
Xoom, PayPal’s international money transfer service, announced that customers will be able to send money to recipients in the U.S. for the first time via strategic alliances with Walmart and Ria. Get the Full Story Complete the form to unlock this article and enjoy unlimited...