News

B2B Payments
Remofirst Raises Funds to Help Companies Build Remote Teams
September 22, 2022

Remofirst, an employer of record provider, has announced a $14.1 million seed round, a press release said. The company helps other companies build global remote teams, letting them hire talent in countries where they don’t have an entity. The services include onboarding, payroll benefits, taxes...

Delivery
Olive Garden Parent Keeps Delivery Off its Table
September 22, 2022

Darden, the parent company of a range of popular full-service restaurant (FSR) brands including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen and others, continues to opt out of the delivery game, despite widespread demand for the channel. Darden President and CEO Rick Cardenas argued on...

B2B Payments
Today in B2B Payments: Firms Raise Money for Events Industry, SMB Platforms
September 22, 2022

Today in B2B payments, Carats & Cake raises $10.6 million to grow its financial operating system for the events industry, while Brightflow AI raises $19M to “demystify finance” with its financial intelligence platform. Plus, Boost Payment Solutions and Robobai partner to accelerate payments optimization. Special...

IPO
Opendoor’s Plunge Leads 9% Drop in FinTech IPO Index
September 22, 2022

A banner week — but just not in the direction investors would have hoped. Macro-economic concerns dominated market mindsets these past several sessions, and worries about interest rates in particular — spiking sharply to the upside as the Fed put in another jumbo-sized rate hike....

IPO
Report: Nasdaq Looking More Closely at IPOs After Big Ups and Downs
September 22, 2022

Nasdaq is reportedly upping its scrutiny of small-cap companies’ initial public offerings (IPOs) after some new listings made massive gains followed by similarly big drops.  The stock exchange is looking more closely at companies across industries and countries, and some firms have reacted to the...

Security & Fraud
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
September 22, 2022

Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot harder to buy and sell NFTs. Citing examples of criminals using the sale of the popular nonfungible tokens that hold...

Retail
Kroger Boosts eCommerce Efforts; DoorDash Drives Sales With DoubleDash
September 22, 2022

Kroger, the United States’ leading pure-play grocer, is making several moves to boost its competitive position in eCommerce across grocery and prepared meal categories. In an effort to improve the curbside pickup labor economics, the company is testing out Trace Grocery electronic carts created by...

B2B Payments
CommentSold Adds POS Built on Stripe to Handle Omnichannel Payments
September 22, 2022

Live video commerce solution CommentSold has added a point-of-sale (POS) system built on financial infrastructure platform Stripe to its suite of solutions for retail businesses.  CommentSold is deploying the in-person payments solution Stripe Terminal in order to power its POS system, help online merchants augment...

B2B Payments
37% of FIs Still Struggling to Solve SMBs’ Cross-Border Payment Woes
September 22, 2022

Financial institutions (FIs) are struggling to give small- to medium-sized businesses (SMBs) the same level of service they offer to larger companies.  In fact, 37% of FI executives said their digital payment solutions are only slightly or not at all effective in addressing the B2B...