There’s a growing narrative that Tesla CEO Elon Musk isn’t just planning to make payments a key part of his plans to remake Twitter, but that he bought the social media giant as part of a plan to remake payments. It’s a story that’s been...
Virtual card and spend management platform Extend has launched an application programming interface (API) that helps small to medium-sized businesses (SMBs) make and manage card payments from their existing credit card accounts. With the new Extend API, SMBs can integrate virtual card issuance into their...
Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and Lloyds — have recorded a surge in income, capitalizing on the increase in the difference between what they charge borrowers...
FinTech platform Ampla Technologies has acquired extended payment terms firm Upside Financing and will launch a new B2B buy now, pay later (BNPL) product called Ampla Pay Later. Building on Upside Financing’s existing product, Ampla Pay Later will extend payment terms for brands and will...
In his inimitable style, the billionaire CEO of the nation’s largest mall owner had a blunt message for investors Tuesday (Nov. 1) saying that Simon Property Group’s core business is strong and seeing no slowdown in demand for physical space. “Brick and mortar is where...
The vendor financing business just got a bit more competitive as eCommerce leader Amazon announced Tuesday (Nov. 1) that it is launching a new merchant cash advance option it says is simple and flexible with repayment options that are tailored to the ebb and flow...
TouchBistro is looking to expand after raising 150 million Canadian dollars (about $110 million) in growth financing, the restaurant management platform announced Tuesday (Nov. 1). The company will use the capital — from Francisco Partners — to expand its “product offerings, core services and strategic...
Insurance technology firm Cover Genius says it will expand its embedded insurance model following a $70 million Series D funding round. According to a Tuesday (Nov. 1) news release, the funding round — led by Dawn Capital — will help Cover Genius expand its insurance...
Victoria’s Secret has acquired digitally-native intimates brand Adore Me, a move designed to help the lingerie and beauty products retailer as it looks to expand its audience online and off. The purchase includes a $400 million upfront cash payment and further cash consideration based in...
