Pakistani FinTech startup Dbank has raised $17.6 million in a seed funding round, the largest ever in Pakistan. Founded in 2021, Dbank is in the process of building a user-centric digital banking system based on ethical banking. Although currently focused on the Pakistani market, the...
It has been said that there’s no hiding from inflation. The effect of increasing prices and the subsequent loss of purchasing power is so unavoidable and blunt in its impact that Nobel winning economist Milton Friedman likened it to taxation without representation. Add in a...
Overstock is feeling the pinch from rising prices on necessities like food and fuel, meaning consumer appetite for home furnishings has slowed to some degree. The company reported a 34% year-over-year dip in total net revenue to $528 million for the second quarter. The company...
Consumers are keeping their cars longer than ever these days amid a sharp decline in the number of new cars available and the higher cost of purchasing them due to rising interest rates and supply chain snags. Auto parts retailer O’Reilly Automotive is benefitting from...
A rebound in travel combined with increased demand for luxury apparel pushed Kering to new financial heights in the first half of 2022, with the company’s revenue for the first six months of the year up 23% from the same period in 2021. Kering’s group...
Payments-as-a-service (PaaS) platform mx51 has secured $32.5 million in a Series B funding round, according to a press release on Thursday (July 28). The funding will be used to expand its global footprint as the startup works to help banks, acquirers and merchants stay up...
Billionaire Jack Ma, one of China’s most noted entrepreneurs, could be giving up control of Ant Group. This move would further separate the company from affiliate Alibaba after regulators in the country turned up the heat on big tech firms more than a year ago,...
The payments landscape is constantly evolving. Companies must evolve — even scramble at times — to keep pace with changing rules and regulations that can vary wildly from market to market. After all, the firms that get caught off guard are the ones who wind...
PropelAuth, which works with end-to-end authentication for B2B companies, has raised a seed investment of $2.59 million, a press release said. The company will use the new money to invest in new product features, recruit more staff and add users and audiences with developer relations....
