News

Investments
Future State Brands Raises $25M For Cannabis Investments
September 20, 2019

A cannabis consumer goods and marketing holding company led by PRØHBTD CEO and Founder Drake Sutton-Shearer has launched with $25 million in funding, according to a Sept. 20 press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

News
Top News In Payments: Wells Fargo Collaborates With Plaid On API; Postmates Notches $225M
September 20, 2019

Today in the payments news roundup, Wells Fargo is collaborating with data platform Plaid to let customers manage their finances in one place through an application programming interface (API). Also, food delivery platform Postmates has raised $225 million at a $2.4 billion valuation. And FinTech Stripe...

International
UK Travel Firm Thomas Cook Needs $251M To Stay Afloat
September 20, 2019

Thomas Cook, a global travel company based in based in London, needs to find 200 million pounds for lenders or it could collapse, according to a report by Reuters.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
Clutter Expands Into Self-Storage With Acquisition Of The Storage Fox
September 20, 2019

Clutter, an on-demand storage company that has been backed by the likes of SoftBank, has acquired The Storage Fox, a storage startup with locations much closer to urban areas, according to a report. Get the Full Story Complete the form to unlock this article and...

Retail
Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop
September 20, 2019

Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. Walgreens, in one case, plans to pilot drone deliveries in Christiansburg, Virginia starting in October by partnering with Wing, a member of the Alphabet family...

Retail
How Dogs And Cats Are Pushing More Retail Innovation
September 20, 2019

Whether you are a dog or cat person – or prefer another animal – pets are big business, and they are helping to drive innovation in various areas of commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Amazon To Build Logistics Capabilities With Carbon-Neutral Electric Trucks
September 20, 2019

With the formation of an in-house armada of carbon-neutral delivery trucks, Amazon will soon integrate another step of the online shopping pipeline. The delivery truck fleet will prove to be an intelligent long-term investment, bolster the firm’s profits and reduce carbon emissions per Bank of...

Retail
French Grocer Leader Price May Be Sold To Aldi
September 20, 2019

In the last move of a disposal program of non-core assets to free up its finances, French retailer Casino said that it is in discussions to sell Leader Price to Aldi. The two groups were working on the terms of the deal after Aldi’s “expression...

B2B Payments
Oversight Broadens Spend Analytics To Fleet Cards
September 20, 2019

Spend management firm Oversight Systems is rolling out a new module designed to analyze spend on fleet cards. 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...