News

B2B Payments
Today in B2B Payments: B2B Platform GigaCloud Closes $41M IPO; Spend Management Firm Coupa Improves...
August 22, 2022

Today in B2B payments, GigaCloud has closed a $41 million initial public offering (IPO) to grow its large-parcel B2B eCommerce platform, and Coupa has added innovations to its spend management platform. Furniture, Large Home Goods B2B Platform GigaCloud Closes $41M IPO Large-parcel B2B eCommerce platform...

Investments
Swiss Startup PeakData Raises $12M in Series A
August 22, 2022

Swiss HealthTech startup PeakData raised €12.1 million ($12 million) in a Series A round led by AlbionVC, which also saw participation from Octopus Ventures and Heal Capital. PeakData has developed an artificial intelligence (AI) platform that identifies and monitors the most relevant and impactful healthcare...

Retail
Convenience Stores Use Rewards to Drive Restaurant, Grocery and Fuel Sales
August 22, 2022

As convenience stores seek to gain share from both restaurants and grocery stores, offering prepared meals and packaged essentials, one of the best tools at their disposal is the loyalty program. Convenience stores are in the unique spot of offering rewards that span consumers’ routines,...

Retail
Walmart Book Club Launches New Chapter for Retail Giant’s Book Dept
August 22, 2022

Calling it the “next chapter” for its book department, Walmart has launched the Walmart Book Club, the retail goliath announced Monday (Aug. 22). According to a news release, the club will pick five titles a year, four of which will be named seasonally throughout the...

IPO
Furniture, Large Home Goods B2B Platform GigaCloud Closes $41M IPO
August 22, 2022

Large-parcel B2B eCommerce platform GigaCloud Technology has closed a $41 million initial public offering (IPO) as well as a full over-allotment option of about 3.4 million Class A ordinary shares. The Class A ordinary shares began trading on the Nasdaq Global Market on Thursday (Aug....

Investments
BNPL Firm Tamara Picks Up $100M in Series B 
August 22, 2022

Saudi Arabian buy now, pay later (BNPL) startup Tamara has raised a $100 million Series B equity round led by Sanabil Investments with participation from Coatue, Shorooq Partners, Endeavor Catalyst and existing investor Checkout.com. In a Monday (Aug. 22) press release announcing the news, Tamara...

Fintech Investments
Payments FinTech Highline Looks to Expand After $13M Series A
August 22, 2022

Dallas-based payments FinTech Highline Technologies announced Monday (Aug. 22) that it has raised $13 million in a Series A funding round. The round was led by Jump Capital, Costanoa Ventures, Foundation Capital and other investors. According to the press release, the new funds will be used...

B2B Payments
Spend Management Platform Coupa Expands Cash Visibility Features
August 22, 2022

Business spend management solution provider Coupa Software has added new innovations to its Coupa Treasury product, aiming to give companies better visibility into their cash position and cash projection.  This will expand Coupa’s platform, which provides a complete view of spend and cash across treasury,...

Investments
Kasisto Secures $15.5M to Advance AI in Financial Services
August 22, 2022

Financial services digital experience platform Kasisto closed a $15.5 million Series C extension round to advance innovation in artificial intelligence (AI) in the banking sector and continue investing in product development. The fresh infusion of capital was led in the U.S. by Fidelity Information Services...