News

Investments
SoFi Introduces Index Fund Aimed At Gig Economy
May 08, 2019

San Francisco-based FinTech startup SoFi, known as a company that deals with student debt, has been steadily expanding into other markets, like home and personal loans, among other things. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Megvii Raises $750M For $4B Valuation
May 08, 2019

Megvii, the Chinese artificial intelligence (AI) company that goes by the name Face++, announced on Wednesday (May 8) that it has raised $750 million in funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
How Catbird Broke Into Branded Jewelry
May 08, 2019

Jewelry is big business in the United States — but selling it in most case has proven to be a hill too steep for most startups to mount. Overall, the U.S. jewelry market is worth about $70 billion annually — so there is plenty of...

Retail
Amazon Helped SMBs Earn More Than $160B In 2018
May 08, 2019

In the digital age, Amazon has reportedly aided millions of small businesses in flourishing. The eCommerce retailer claims it has helped 1.9 million small and medium-sized businesses (SBMs) in the U.S. to take in more than $160 billion last year, USA TODAY reported. Get the...

Retail
Taking Pet-Friendly Into Next-Level Digital With IoT Dog Houses
May 08, 2019

Some entrepreneurs start companies based on experiences with their own pets. DogSpot Co-Founder and CEO Chelsea Brownridge, for instance, began her company because of her dog Winston. While she likes to get him out of the house as much as possible, there were times when she...

Retail
When Subscription Merchants Innovate With Plan Features
May 08, 2019

To make life easier for their customers, many businesses are adopting the subscription business model. From consumer goods and hardware to eCommerce and internet of things (IoT), innovators are allowing shoppers to have products and offerings regularly delivered to them. Get the Full Story Complete...

Retail
Analysts Forecast Positive Tailwinds For Jumia
May 08, 2019

With the potential for the adoption of online shopping, analysts are optimistic about Jumia Technologies Inc.’s future and have found positive tailwinds for growth. While eCommerce penetration is approximately 20 percent for China, it is reportedly much lower in Africa at only roughly 0.5 percent...

eCommerce
The Conversion Gap Is Closing Between Top And Bottom Online Retailers
May 08, 2019

The online checkout process can make or break the shopping experience. Cart abandonment is common and costly. 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
Mint Corp Shares Cease Trading After Late Filings
May 08, 2019

Human resources and payroll solutions provider The Mint Corporation issued a press release on Tuesday (May 7), notifying investors that the trading of its shares on Toronto’s TSX Venture Exchange has been halted. Get the Full Story Complete the form to unlock this article and enjoy...