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....
B2B accounts receivable (AR) automation firm Billtrust could be put up for sale by its owner, BTRS Holdings. As Reuters reported Wednesday (July 27), BTRS is working with an investment bank as it considers its options, which include a sale to a private equity firm,...
B2B eProcurement and eMarketplace SESAMi has debuted a collaboration with its five banking partners — including OCBC, CIMB and Linklogis — that will allow suppliers to get paid immediately on their outstanding invoices and purchase orders, according to a Bloomberg report Wednesday (July 27). The...
The food delivery space has been having a rough time lately, particularly in Europe. Since the beginning of the year, U.K.’s Deliveroo and German online delivery service Delivery Hero have lost about half of their value on the stock market, and another German on-demand grocery...
