The dreaded word — recession — is increasingly being bandied about as economists sound the alarm of tough times ahead. This can be seen in how investors are reassessing their appetite for risk and starting to apply more restraint in making investments. For startups, particularly...
UK-based food delivery service Deliveroo announced Monday (July 18) that it is slashing its sales growth forecast in the face of a “rapidly changing macroeconomic environment.” In lowering its projected gross transaction value (GTV) growth rate to 4-12% from 15-25%, the company is acknowledging a slowdown...
Today in B2B payments, two out of five businesses say accounts payable innovation is a priority, while Prologis sees rental growth reach “unprecedented” levels. Plus, Subskribe unveils revenue recognition for SaaS companies. Why 40% of Businesses Are Making AP Innovation a Priority When firms expect...
The bulk of all grocery shopping may continue to be centered on the physical store, but the share of consumers adopting online options is on the rise. By the Numbers The July edition of PYMNTS’ ConnectedEconomy™ series, “The ConnectedEconomy™ Monthly Report: The Rise of the...
As demand for restaurant and grocery delivery continues, businesses that rely on the channel are facing new challenges, as ongoing labor difficulties are compounded by rising food and commodities costs. In addition to the most popular, well-known delivery channels, such as restaurant aggregators like DoorDash...
Swedish FinTech/buy now, pay later (BNPL) provider Klarna is set to open its American retail pop-up store in Los Angeles this weekend. Klarna Oasis is an “immersive shopping experience,” the company said in a news release Monday (July 18), and is aimed at helping Klarna’s...
Citi is now accepting peer-to-peer (P2P) payments as direct deposits that qualify for checking account monthly service fee waivers, according to a Monday (July 18) statement emailed to PYMNTS. The move is part of the bank’s “ongoing commitment” to further financial inclusion in underserved communities....
Smart credit card company X1 Card on Monday (July 18) raised $25 million in a Series B funding round that it plans to use for product innovation and growth ahead of its availability to the general public in the coming weeks, according to a company...
Starling Bank, the U.K.-based digital bank, has curtailed its international expansion plans, halting its attempt to win a banking license in Europe. According to media reports Monday (July 18), Starling has informed employees it had withdrawn its application for a license from the Irish central...
