News

Banking
Santander, eBay Partner On Loan App
June 03, 2019

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times. A FinTech app owned...

Cross-border Payments
Paytm Eyes Insurance Marketplace Coverfox
June 03, 2019

Paytm, the Indian payments company backed by SoftBank, is reportedly in late-stage discussions to buy Coverfox, the Indian insurance marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Database Management Startup Fluree Snags $4.7M For Blockchain Tech
June 03, 2019

Fluree, a database management startup based in North Carolina, has raised $4.7 million in a funding round to develop blockchain and integrate it into its database technology, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payments Innovation
How QSRs Are Seizing Mobile Order-Ahead’s Mainstream Momentum
June 03, 2019

Mobile food ordering has quickly gone from niche activity to mainstream. Between 2016 and 2018, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Mobile represents roughly 60 percent of all digital restaurant orders today. This...

Investments
WorldRemit Raises $175M For Global Expansion
June 03, 2019

WorldRemit, the mobile payments company, announced Monday (June 3) that it raised $175 million in venture funding. 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...

B2B Payments
TransferMate Launches B2B Cross-Border Payments Tool
June 03, 2019

TransferMate, which provides B2B cross-border payment services, announced that it has launched the TransferMate API. According to the company, the product allows “software partners and business customers access to its globally regulated payments technology through direct integration.” Get the Full Story Complete the form to...

Retail
Building A Popular Local Pound Cake Into A National Product
June 03, 2019

While there are many wonderful thing to say about a cake – delicious, beautiful and perhaps even inventive or creative – it is rarely described as innovative. There are only so many ways to bake a cake – and while some elements can be varied...

Retail
Online Subscriptions And Play Kits Designed For A Baby’s Life Stage
June 03, 2019

To change the way that consumers buy age-appropriate toys, subscription services are focusing on offering specialized collections of play items designed for specific stages of a baby’s life. The core business for Lovevery, for instance, are play kits for those 0 to 24 months old....

Blackstone Bets Big on eCommerce Warehouses
June 03, 2019

Blackstone Group reportedly is paying $18.7 billion for what Bloomberg calls “179 million square feet of urban logistics properties – the warehouses used by Amazon.com Inc. and other retailers to fulfill orders from online shoppers.” Get the Full Story Complete the form to unlock this...