News

Regulation
Marijuana Apps Banned From Google Play
May 29, 2019

Google has announced new rules for its Play store; one of the main ones is the banning of apps that help people purchase marijuana, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
CRM Startup Pico Raises $4.5M In Stripe-Led Round
May 29, 2019

Pico, a startup aimed at helping companies cull revenue from subscription models, has raised $4.5 million in a funding round led by Stripe and Precursor Ventures, according to a report. Bloomberg Beta, Village Global and Axel Springer Digital Ventures also participated in the round. Get...

IPO
WeWork Looking For A $2.75B Line Of Credit Ahead Of IPO
May 29, 2019

New York-based startup WeWork, which rents office space and desks to workers, is looking for a $2.75 billion credit line in anticipation of an upcoming initial public offering, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article...

Global Payments
TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
May 29, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferMate’s approval for a payments license in Singapore, Chinese bank Shanghai Commercial Bank (SCB) working with the EMQ to support cross-border money transfers, Woori Bank and Wing Limited Special Bank reportedly...

Ridesharing
Uber to Remove Low-Rated Riders From Platform
May 29, 2019

Uber is going to start deactivating riders with low ratings, according to a report. The ridesharing company started the new initiative on Wednesday (May 29) in the U.S. and Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
Amazon Calls Out Bloomberg: “Their Story And Sources Are Wrong”
May 29, 2019

The shortened work week got off with a bang, as a report in Bloomberg made the rounds that indicated a long-suspected culling of Amazon marketplace smaller suppliers has officially arrived.   Or to borrow the more dramatic language of many, many headlines written yesterday, “the...

Investments
SoFi Raises $500M, Valuation Remains $4.3B
May 29, 2019

Social Finance (SoFi), a personal finance company, has raised half a billion dollars in a funding round led by Qatar, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
May 29, 2019

The Treasury Department announced Wednesday (May 29) in a report to Congress that of the 21 major U.S. trading partners, only nine need further scrutiny because of their currency practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Plaid Launches In UK
May 29, 2019

Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...