News

Partnerships / Acquisitions
Uber Tries To Win London’s Heart Through Its Stomach
September 21, 2018

London keeps calling to Uber, which has had a rough time in the U.K. capital. The latest developments involve a protest and possible acquisition, but a case can reasonably be made that things, at least for now, seem to be going Uber’s way. Get the...

Investments
Convoy Secures $185M In Series C Financing
September 21, 2018

To accelerate product innovation, trucking network Convoy has secured $185 million in Series C financing. The round was led by Alphabet’s growth equity fund CapitalG, the company said in an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Switzerland Eases Blockchain Firms’ Access To Bank Accounts
September 21, 2018

Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Farfetch Brings In $885M Through IPO
September 21, 2018

Following its initial public offering (IPO), luxury fashion retailer Farfetch announced that it — along with a shareholder — sold 44.2 million shares at a price of $20 each. That is above the $17 to $19 range at which the firm had advertised the shares,...

Retail
Retail Pulse: Rent The Runway Opens San Francisco Store; Crate & Barrel Plans Restaurant
September 21, 2018

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. However, they are also turning to their own stand-alone locations for larger spaces. Rent the Runway, in particular, is opening a 2,600-square-foot store in San Francisco after outgrowing its...

Retail
National Retail Federation Projects Halloween Spending Will Hit $9B
September 21, 2018

Just under last year’s record $9.1 billion in Halloween spending, the National Retail Federation’s (NRF’s) annual survey projects spending for the occasion will reach $9 billion this year. In addition, celebrants are expected to spend $86.79 on average this year, which is slightly higher than...

Retail
FaceCake And Changing The Definition Of Try Before You Buy
September 21, 2018

Shopping for apparel online is tricky in any case, and shopping for accessories can be particularly taxing because, while one can get a fine feel for the look of a piece, the actual fit is something quite difficult to discern — as looking at an image...

Retail
Now Boarding: On-Demand Food Delivery With Airport Sherpa
September 21, 2018

The airport gate can be a point of frustration for travelers waiting to board a delayed flight — or, worse yet, the destination of a frantic last-minute run before the jetway closes. For those kinds of reasons, the gate can also be an ideal market...

Retail
Walmart To Offer VR Training For All Employees
September 21, 2018

Walmart has announced it’s expanding it virtual reality (VR) employee training and development program to its more than 1 million associates in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...