News

Investments
Hired Raises $30M In A New Round Of Funding
June 20, 2018

Hired, the job search company, announced Wednesday (June 20) that it has raised $30 million in a Series D round of funding led by Investment Management Corporation of Ontario (IMCO). In a blog post, Hired CEO Mehul Patel said that, with the $30 million, it has now...

Retail
Carvana Opens Largest Car Vending Machine In Tempe
June 20, 2018

Carvana, the eCommerce platform for buying and selling used cars, announced Wednesday (June 20) that it has launched its largest Car Vending Machine to date, located in the company’s hometown of Tempe, Arizona. In a press release, Carvana said the machine stands nine stories high,...

Delivery
Last Mile Sputters Amid Amazon’s eCommerce Haul, Delivery Driver Shortage
June 20, 2018

The trend is your friend, goes a saying in the stock market. The trend toward a driver shortage, though, is no one’s friend along the last mile. The friction is of the roughest sort, where deliveries are not made on time and sometimes not at...

Retail
Brandless Expands To Clean Beauty Market
June 20, 2018

Online retailer Brandless has expanded its offerings in its clean beauty product line. Launched in 2017, Brandless is an online platform where everything is off-brand, and it all costs $3 or less. It offers food products (canned goods, snacks, sauces, coffee), housewares (can openers, corkscrews, kitchen knives),...

Retail
Beverage Makers Put The Fizz In Summer Coffee
June 20, 2018

There are only so many new variations of coffee for the summer: There’s cold brew, nitro and … and citrus-flavored coffee soda? Keepers Co. seeks to shake up the cold coffee beverage industry by putting a spin on a beverage once confined to, say, french...

Retail
Supermercato24 Notches €13M In Series B Funding
June 20, 2018

As Supermercato24 seeks to expand its service to new retail markets, the Italian grocery delivery service has raised €13 million in Series B funding. The round was led by FII Tech Growth, along with 360 Capital Partners, Innogest and Endeavor Catalyst, according to reports. “Our...

Retail
American Dream Miami Receives Approval From Florida Officials
June 20, 2018

The 6.2 million-square-foot American Dream Miami — potentially the most expensive mall ever built — has received approval from officials in a Florida county. The project, which is being developed by Triple Five Worldwide Group of Companies, is estimated to come at a cost of $4 billion,...

Banking
Frictionless Payments And Top Mobile Banking Innovation
June 20, 2018

Banks are turning to digital technology to enhance the customer experience — and reduce payment friction — in an effort to boost top and bottom lines. In meetings and calls with analysts last week, executives from top banks such as Bank of America, JPMorgan Chase...

B2B Payments
Business Scams, Everywhere, Phishing For Funds
June 20, 2018

Emails still seem to be the way to go when it comes to parting SMBs from their money. The scams have gotten so egregious that any number of investigations and regulatory bodies have gotten into the fray. Dozens of arrests, millions of dollars uncovered in fraud...