News

Europe
Macron, French Banks Agree Not To Raise Bank Fees
December 12, 2018

France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that have recently hit central Paris. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Fintech Investments
What’s Behind Plaid’s $2.65B Valuation
December 12, 2018

One in every four consumers in the U.S. has touched this product. Some of them do so when they register their bank account credentials to their Venmo accounts, or set up an investment account with Robinhood, savings account with Acorns or loan repayment details with LendingClub....

Investments
Carvana Rival Vroom Raises $146M For Used Car Platform
December 12, 2018

Online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation. L Catterton, General Catalyst Partners, Fraser McCombs Capital and individual investors also participated in the round. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Delivery
Deliveroo Debuts Hong Kong Brick-and-Mortar Store
December 11, 2018

Online food delivery startup Deliveroo has opened a physical restaurant in Hong Kong, according to a CNBC report. 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...

Investments
ShopKeep Closes $65M Growth Round
December 11, 2018

ShopKeep, a tablet-to-cloud and point-of-sale (POS) payment platform for retailers and restaurants, has closed a $65 million round of equity and debt financing, according to the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
How Digital Will Change Brick-and-Mortar In 2019
December 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants...

Global Payments
Remitly Grows Global Footprint; MYOB Plans Omnichanel Gateway
December 11, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Remitly’s coverage expansion and product enhancements, as the company grows to reach 40 countries. In addition, Vipps reportedly plans to collaborate with Alipay in Norway, and MYOB is launching an...

Retail
Nurx’s Mission To Be More Than ‘The Uber Of Birth Control’
December 11, 2018

Over the last five or so years, there has been no shortage of businesses that have been described as the “Uber of something” – the Uber of boats, the Uber of hats, the Uber of childcare, the Uber of jets, and so on. Sometimes those...

Retail
Stitch Fix Earnings: A Mixed Bag Amid App Efforts
December 11, 2018

Amid expansion in its selection and growth of data sets from its Style Shuffle game, Stitch Fix reported first-quarter fiscal year 2019 earnings that beat analysts’ estimates, but fell short on Wall Street’s forecasts for active client count growth. The apparel subscription box service reported...