News

IPO
Report: Shein May Cut Valuation to $30 Billion Ahead of IPO
February 17, 2025

Shein is reportedly being pressured by investors to cut its valuation to $30 billion ahead of its planned initial public offering (IPO). 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...

Investments
Dream Raises $100 Million for AI-Powered Cybersecurity for Critical Infrastructure
February 17, 2025

Dream, a company focused on artificial intelligence (AI)-powered cybersecurity for nations and critical infrastructure, raised $100 million in a Series B funding round to expand into additional markets in which cyber threats pose challenges to national security. Get the Full Story Complete the form to...

Payment Methods
45% of Non-Recurring Transactions Now Use Instant Payments
February 17, 2025

The gig economy and gaming industries have driven a rise in ad hoc transactions, payments made outside of regular invoicing and payroll. Businesses are relying on instant payments to streamline these transactions, which involve contractors, consumers and small businesses. Get the Full Story Complete the...

Banking
PagBrasil’s Compliance-First Approach Fast-Tracks Payment License
February 17, 2025

The need for speed and digital tools has become essential to the Latin American banking experience. Case in point: As detailed in PYMNTS’ recent exclusive sweep of 11 countries’ digital engagement, “How The World Does Digital”, more than 55% of the Brazilian population engages in...

Artificial Intelligence
Musk: New Version of Grok AI Tool Launching Monday
February 16, 2025

Elon Musk says his xAI will debut the latest version of its Grok model this week. 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 our daily...

Retail
Saks Seeks Suppliers’ Patience on Payments as Luxury Brands Struggle
February 16, 2025

Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. 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 our...

Artificial Intelligence
Anthropic Tries to Halt Government’s Plans for Google
February 16, 2025

Anthropic has asked a judge to let Google keep investing in artificial intelligence (AI) startups. 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 our daily newsletter,...

Delivery
Uber Takes DoorDash to Court Over Alleged ‘Coercive’ Restaurant Tactics
February 16, 2025

Uber is accusing DoorDash of “coercive” behavior in a new lawsuit against its delivery rival. 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 our daily newsletter,...

Artificial Intelligence
March Madness 2025 and Beyond: When AI Meets the Big Dance
February 15, 2025

As the calendar flips to March, college basketball fans are gearing up for another exhilarating NCAA tournament. 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 our...