OfferUp is a local mobile marketplace competing with businesses like eBay, Craigslist and Facebook Marketplace. The firm received $130 million in financing in 2016, taking the complete financing of the business to over $221 million, and was the only closely-held business firm in Seattle at...
FinTech firms are keeping tabs on the optimization curve of eCommerce merchants — and how their payments needs evolve. Merchants might start with an off-the-shelf eCommerce platform and use that company’s payment solution. Alternatively, they might build their own websites and use a payment processor...
Chinese ride-hailing giant Didi Chuxing has announced it has plans to relaunch its Hitch carpooling service with added safety features. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Department of Justice (DOJ) may file a lawsuit to block the merger of telecom giants Sprint and T-Mobile if the two parties can’t reach a settlement by next week, according to reports. Get the Full Story Complete the form to unlock this article and...
Tru Kids, the parent company of Toys R Us, is partnering with retail-as-a-service startup b8ta to launch a new curated store experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Plaid’s core business is centered on helping make it easy for developers get up and running with financial apps. That mostly until this point has been focused on areas like basic accounts (savings and checking) and, more recently, investments. But, as the U.S. faces $1.6...
US Treasury Secretary Steven Mnuchin said his department will use “very, very strong” regulations to ensure that bitcoin and other cryptocurrencies don’t become “the equivalent of Swiss-numbered bank accounts.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
With an unusual loss in U.S. subscribers, Netflix posted slightly less-than-expected top-line results, but came out ahead of Wall Street’s estimates for earnings. The online entertainment streaming company reported revenues of $4.92 billion and earnings per share of 60 cents compared to expectations of $4.93...
Finding good, qualified and reasonably priced daycare in the U.S. is a challenge — particularly in expensive urban areas and remote rural areas. In 31 states and the District of Columbia the average cost of childcare for a year outstrips the cost of tuition at...
