FedEx is closing offices and parking aircrafts to deal with revenue for the first fiscal quarter, which was below expectations due to declining package volumes moving around the world. CEO Raj Subramaniam said in a press release that he is cutting costs, freezing hiring and...
The Biden administration is ordering the Committee on Foreign Investment (CFIUS) to add more scrutiny on deals that might give China access to critical tech or that could put personal data at risk, The Wall Street Journal (WSJ) wrote. The executive order, signed Thursday (Sept....
Cross-border bank processor Payall has closed a $10 million seed round led by Andreessen Horowitz (a16z), a press release said. Payall has a single shared platform which will fuel compliance automation, risk mitigation and more transparency, the release said. The platform’s services include specialized, inclusive...
Ecommerce tech company Bold Commerce has announced a curbside checkout feature for brick-and-mortar or omnichannel retailers, to help out with the loss of revenue from fewer impulse purchases, a press release said. Called Curb Up, it will offer upsell and cross-sell opportunities after an order...
Automated corporate bookkeeping platform Botkeeper has partnered with expense management, invoicing and payments super app Expensify to streamline monthly receipt management. With this deal, Expensify and its ExpensifyApproved! Partner Program join the Botkeeper marketplace partner system, according to a Thursday (Sept. 15) press release. “Expensify...
Marketing payment FinTech Trust Software has rolled out a new B2B checkout platform for the marketing ecosystem called Market, according to a Thursday (Sept. 15) press release. Trust Software said Market will come with features including immediate payouts, the ability to offer flexible payment terms,...
B2B FinTech company Ratio has emerged from stealth and announced it has secured $411 million to grow its buy now, pay later (BNPL) and financing platform for Subscription-as-a-Service (SaaS) businesses and other recurring revenue firms. Ratio allows these firms to provide embedded BNPL services that...
The market routs continue, pretty much everywhere one looks. The worries over rate hikes and inflation show no signs of easing — and tech stocks continue to take a drubbing. To that end, the FinTech IPO Index barely budged, notching 0.1% in gains through five...
Today in B2B payments, Axle Payments, GETIDA and Candis announce they’ve raised funds to scale their B2B solutions. Plus, BigCommerce brings cryptocurrency payment solutions to clients in select countries. Axle Payments Rebrands to Denim Following $126M Series B Freight and logistics financial enablement platform Axle...