News

Investments
Goldman Leads $135M Funding Round For Photo Editing App
July 31, 2019

Goldman Sachs is leading $135 million in Series C funding for the parent company of popular paid photo editing app Facetune, TechCrunch reported on Wednesday (July 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Creating A Counterfeit-Proof Sneaker Marketplace
July 31, 2019

New startups working with venture investors get all kinds of advice; some very good, some not so much. But GOAT Co-Founder Eddy Lu probably got some of the most memorable advice from one of his investors in the aftermath of a Black Friday 2015 meltdown,...

Retail
When Delivery Meets Farm-To-Table Produce And Artisanal Goods
July 31, 2019

To offer local goods and artisan goods through the help of eCommerce, online platforms are connecting consumers with producers. Take Florida’s Front Porch Pickings, which Owner Amie Keslar told PYMNTS in an interview is a “farm-to-table delivery service” that sends out produce and artisanal goods....

Retail
Amazon Unveils Personal Shopping Service
July 31, 2019

To provide consumers with fashion advice, Amazon has debuted Personal Shopper by Prime Wardrobe. The new service offers recommendations for clothes as well as accessories that personal shoppers curate, Geek Wire reported. Get the Full Story Complete the form to unlock this article and enjoy...

Partnerships / Acquisitions
FIS Closes Acquisition Of Worldpay
July 31, 2019

In a move that enhances its global technology position serving merchants, banks and capital markets, FIS closed its acquisition of global payments firm Worldpay, Inc. The combined company will have over 55,000 employees and more than $12 billion in pro forma revenue, according to an...

B2B Payments
Maryland Launches eProcurement Portal With Nitor, Ivalua
July 31, 2019

The state of Maryland has launched a new eProcurement system for the Maryland Department of General Services following a collaboration with source-to-pay and eProcurement FinTechs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Attabotics Secures $25M For Supply Chain Robotics
July 31, 2019

Supply chain technology company Attabotics has announced $25 million in funding, according to a press release issued Tuesday (July 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Microsoft Helps UAE Trade Finance Bank Digitize
July 31, 2019

Microsoft is collaborating on a digital overhaul of a United Arab Emirates-based trade finance bank, Anglo-Gulf Trade Bank, a press release announced Tuesday (July 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Open Banking Takes On Bad Rap Of Merchant Cash Advance
July 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. While designed to connect small business owners to quick capital for a boost to their cash flow, the MCA has...