News

Investments
UK Subscription Payment Platform Raylo Raises $7.8M
July 04, 2022

London-based subscription payment platform Raylo has raised £6.5 million ($7.87 million) in additional funding, which will help it expand its data and engineering teams and accelerate the debut of a subscription pay service, according to a Tech Funding News report Monday (July 4). Raylo also...

Investments
AI-Based Invoice Platform Xelix Raises $5M in Series A for AP Innovation
July 04, 2022

London-based invoice intelligence platform Xelix has raised $5 million in a Series A round, according to a Thursday (June 30) company press release. Xelix, which provides accounts payable (AP) solutions, plans to use the new money to bring more products to market and grow its...

Investments
B2B Construction Marketplace Juragan Material Nets $4M in Seed Funding
July 04, 2022

Juragan Material, an Indonesian construction-focused platform, has raised $4 million in a seed round, Tech in Asia reported Monday (July 4). The company operates a B2B marketplace that helps source building material from suppliers, providing customers with access to 180 brands and over 9,000 SKUs,...

Faster Payments
Payrailz and Jack Henry & Associates on the Importance of Placing Real-Time Payments Within Reach...
July 04, 2022

For the latest edition of "The Real-Time Payments Tracker," PYMNTS brought in executives from Payrailz and Jack Henry & Assoc. to learn how third-party organizations are enabling small and midsized FIs to offer competitive real-time payments options.

B2B Payments
Cities Delve Into Data to Connect Dots in Parking Puzzle
July 04, 2022

During the darkest days of the pandemic, two delivery trucks double-parked on an empty street were the least of our worries.  But now that we’ve all have returned to the city streets in force, a different story is playing out. Delivery trucks are snarling traffic...

B2B Payments
CFOs Put Cyber Risks High on 2022 Agenda
July 04, 2022

At rapidly expanding companies, chief financial officers (CFOs) need to stay laser-focused on managing growth on both sides of the ledger. “When you’re growing fast like we are, you’re trying to grow your teams, your systems and everything almost as fast,” Invicti Security CFO Jeff...

International
Digital Engagement of Spain, UK Gen Z Consumers Highest Of All Age Groups
July 04, 2022

European countries like France and Italy are what economists refer to as “mature markets.” Populations in these countries typically have a high level of smartphone ownership and benefit from good broadband coverage as a result of the region’s technological progress and development. Against that backdrop,...

Retail
US and Britain: Two Separate Nations Now Joined by Common Digital Shopping Habits
July 04, 2022

As Americans celebrate 246 years of independence from British rule, cultural, political, and commercial ties between the two nations remain strong. One thing that continues to unite the transatlantic friends is a shared love of shopping, as the PYMNTS 2022 Global Digital Shopping Index reveals....

B2B Payments
MedicaEx Launches B2B Medical Device Marketplace
July 03, 2022

Taiwan-based MedicaEx.com is operating a “one-stop online marketplace” to connect buyers and sellers of medical devices and medical equipment, the company announced. The company said it found that almost all companies making B2B purchases of medical devices use online resources, and a third use email...