News

Retail
Showcasing DTC Furniture #IRL For Netflix Bingers
May 17, 2019

Many entrepreneurs are inspired to start companies because of their own real-world experiences. Kyle Hoff co-founded Floyd after living in a number of places after college – Ann Arbor, the Bay Area, Chicago – and going through cycles with furniture. He bought his fair share...

Retail
Walmart Bolsters Artificial Intelligence Efforts
May 17, 2019

Beyond serving as a place to pick up groceries on the evening commute, Walmart customer service is doing a lot of work behind the scenes that customers might not even know about, on efforts such as artificial intelligence (AI) and advertising. Doug McMillon, the company’s...

Retail
Wing To Begin Drone Deliveries In Finland
May 17, 2019

With an experimental run in Finland, Wing plans to start delivering goods to residents in Helsinki’s Vuosaari district via drones. The test is said to involve deliveries of meatballs for two and fresh Finnish pastries — along with other meals as well as snacks, the...

B2B Payments
Kabbage Integrates With Online-Only SMB Banking Platform Azlo
May 17, 2019

Online small business (SMB) banking platform Azlo is integrating Kabbage into its solution to expand access to capital for its users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Despite FY19 Losses, Xero Shares Surge
May 17, 2019

Small business accounting firm Xero saw its financial losses widen for the 2019 fiscal year, yet shares surged for the company as much as 10 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Prospa Lowers Interest Rates In Second Go At IPO
May 17, 2019

More than a year after Prospa delayed its initial public offering (IPO) plans, the Australian alternative lender is once again gearing up to go public — and hoping lower interest rates will quell concerns. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Barclaycard Launches Agriculture-Targeted Commercial Card
May 17, 2019

Barclaycard is introducing a new commercial card product in conjunction with AGCO Parts, a supplier of parts and after-sales services for the farming machinery space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Why The Back Office Should Pay Attention To The POS
May 17, 2019

The journey of digitizing the enterprise created a whole new set of unique challenges in business operations. One of the largest was how to get that host of new software platforms to talk to each other, leading the B2B financial services (FinServ) space to embrace...

B2B Payments
SoftBank Investment Creates $3.5B Supply Chain Finance Firm
May 17, 2019

Software as a service proved popular with investors this week, particularly in the cybersecurity space. But the largest round came courtesy of the SoftBank Vision Fund, which provided $800 million to a supply chain finance company, bolstering its valuation up to about $3.5 billion. Plus,...