News

Mobile Payments
Spain’s Bizum Banks on Point of Sale Expansion to Drive Growth
December 01, 2022

Since its launch in 2016, Bizum has become an integral part of Spain’s payment ecosystem. But although the mobile payment system boasts over 22 million users, about 47% of Spain’s total population, initial adoption has been largely limited to eCommerce transactions, with cash payments still...

Retail
C-Stores Race to Meet Instant Needs With On-Demand Delivery
November 30, 2022

For today’s consumer, convenience is often not about geographic proximity but about digital accessibility. As such, leading convenience retailers are in competition not only to get their stores nearest to consumers’ homes but also to provide the most convenient and affordable delivery experience. Noting this...

B2B Payments
Teampay Nets $47M for Purchasing Platform Expansion
November 30, 2022

All-in-one purchasing platform Teampay has raised $47 million in a Series B funding round.  The firm will leverage the new capital to expand the accounts payable (AP) solution and cross-border payments functionality that are included in its enterprise offering, TeamPay said in a Wednesday (Nov. 30) press release. ...

Investments
Green FinTech TreeCard Raises $23M
November 30, 2022

Environmentally conscious money app TreeCard is $23 million richer following a Series A funding round. According to published reports Wednesday (Nov. 30), the British company will use the funding to expand its staff, with the goal of doubling the size of its team. The round...

Investments
OneRail Raises $33M to Expand Last-Mile Transportation Platform
November 30, 2022

Last-mile transportation visibility solution OneRail has raised $33 million in Series B funding. The firm plans to use the capital to develop new data-driven platform capabilities and expand its sales, marketing and solution engineering teams, according to a Wednesday (Nov. 30) press release. Since its...

B2B Payments
Spreadsheet Mistakes Create Costly Consequences for CFOs
November 30, 2022

New findings show the 35-year-old digital spreadsheet is proving to be error prone and costly. A widespread tool, Microsoft’s Excel spreadsheet product is ubiquitous across industries and still widely relied upon by governments, law firms, investment banks, research labs, academic organizations, nonprofits and more, with...

Retail
Petco Memberships, Partnerships Drive Q3 Results
November 30, 2022

Petco has 1,500 retail locations but now calls itself a “pet platform company.” Petco CEO Ron Coughlin told investors and analysts that the chain added over 325,000 net new customers in the third quarter for a total active customer base above 25 million pet parents....

Retail
Build-A-Bear Says Consumers Seek Emotional Connection With Brands
November 30, 2022

Offering engaging customer experiences is proving to be a profitable business model for Build-A-Bear Workshop. The company achieved record third-quarter earnings results, with revenues up 9.9% year over year during the quarter ended Oct. 29, and raised its annual guidance, according to a Wednesday (Nov....

Retail
Amazon Reports Largest-Ever Thanksgiving Shopping Weekend
November 30, 2022

Amazon said this year’s Thanksgiving shopping weekend was its largest ever. The retail giant said Wednesday (Nov. 30) that the period between Thanksgiving and Cyber Monday — which it has dubbed the “Turkey 5” weekend — saw customers purchase “hundreds of millions of products” without...