Small businesses (SMBs) left behind by their banks, thanks to tightening risk and capital requirements post-financial crisis, certainly left a gap in the SMB lending market that alternative and marketplace lenders rushed to fill. In the U.K., support for FinTech, as well as challenger banks,...
Commercial fleet payments solution provider Fleetcor once again beat Wall Street expectations when it reported its 2018 third quarter earnings data Tuesday (Oct. 30) evening, coinciding with the announcement of a new contactless payment partnership with McDonald’s in Brazil. Get the Full Story Complete the...
Cloud Elements, a platform offering application program interface (API) integration solutions, secured an investment from the venture capital (VC) arm of American Express (Amex), the company said in a press release issued Tuesday (Oct. 30). Get the Full Story Complete the form to unlock this article and...
With cannabis legalization expanding around the globe, marijuana-targeting FinTech startups are a growing breed, too. The latest to secure venture capital is WAYV, a procurement platform designed for the legal cannabis industry. A press release this week said the firm landed $5 million in Seed...
Monzo, the U.K. mobile-only bank, now has a valuation of $1.3 billion, pushing the startup into unicorn status. 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...
The U.K. is facing pushback by lawmakers in the U.S. and lobbyists who contend a new tax on some of the world’s biggest internet companies would create what is seen as a dangerous precedent. Get the Full Story Complete the form to unlock this article...
CVS, the drugstore operator, is testing a program in Boston in which customers get free delivery on prescriptions and online purchases among other perks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
It’s never easy being a mom-and-pop merchant, or a similarly small retailer, given the resources of the bigger rivals out there, along with the pace of commerce and payments technology development. However, that also provides endless business opportunity for payment and commerce service providers, of...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Klarna’s integration with Shopify for payments to German merchants. In addition, Google Pay has become available in the Scandinavian countries, and the industry ministry in Japan is mulling unified quick...
