Was med-tech startup, Theranos, following in the footsteps of Uber and simply embarking on “permissionless” innovation? Or is its current firestorm the consequence of groupthink given its storied roster of investors and board members? With $400M in investments and a $9B valuation, MPD CEO Karen...
Sony may not be taking on Apple and Samsung on the smartphone front, but it still plans to compete with the tech giants on the mobile payments front in Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Happycar, a European car rental comparison site with its sights set on worldwide expansion, raised $1.58 million in its latest funding round, TechCrunch reported late last week. One of the most notable backers includes Global Founders Capital, the venture arm of German eCommerce giant Rocket...
As the good people at Morton Salt first said in 1911, “when it rains, it pours.” And last week that rain came in the form of IPOs, with big updates from Square, big news for the widely coveted Worldpay and something of a big letdown for...
Amazon might still be a baby in the grand scheme of Indian eCommerce markets, but it’s giving well-established local companies such as Flipkart and Snapdeal a run for their money with its special offers for Diwali, the widely celebrated Indian festival of lights. Get the Full Story Complete...
The consumer banking unit of Citigroup Inc. has said it will launch a unit to be known as Citi FinTech, geared toward what the company termed a “radically simple, connected mobile banking solution,” Reuters reported Friday (Oct. 16). Get the Full Story Complete the form...
Cross-border payments are becoming ever more important as businesses expand their operations and customer bases. PayCommerce’s CEO sees centralized networks as critical to faster and more efficient payments.
Late last week, Bloomberg reported Russian hackers had targeted the servers of media company Dow Jones in order to steal stock trading information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Restaurant discovery platform Zomato, which serves 22 countries around the world and has a $1 billion+ valuation, is restructuring its business with a 10 percent staff layoff and change in data collection methods. Get the Full Story Complete the form to unlock this article and enjoy...
