Brazilian lender Creditas is raising $200 million and buying a bank and a mortgage startup in a move to bolster profitability, according to a Friday (July 8) press release. In an interview with Reuters Friday, Creditas CEO Sergio Furio said his company, which runs an...
Federal Reserve Vice Chair Lael Brainard said it’s time to add some regulatory teeth to the cryptocurrency industry before it becomes so pervasive that it poses financial stability risks, Reuters reported Friday (June 8). While speaking at a Bank of England conference in London, Brainard...
Cyberinsurance company Coalition closed a $250 million Series F funding round last month that has valued the provider at $5 billion, according to a Friday (July 8) press release. Coalition was founded in 2017 and helps more than 160,000 organizations lessen their digital risk as...
It’s inexpensive and looks good just long enough, but fast fashion is taking flak for its environmental impact, potentially making circular fashion the next big thing in apparel. Pushback against fast fashion is taking on legal dimensions starting in the European Union (EU), where the...
German kitchen products maker Zwilling has formed a partnership with supply chain finance platform Traxpay, the two companies announced in a Friday (July 8) press release. The partnership will see Zwilling use Traxpay’s Dynamic Discounting, a financial instrument that allows Zwilling to support “its supplier...
This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country leads the way in setting international standards aligned with U.S. values. The Department of Commerce also closed a consultation on...
If the current uptrend continues, by this time next year, every time Levi’s sells a pair of jeans at one of the 3,200 stores or shop-in-shop locations in its massive 110-country global retail network, it will also sell another pair online. While this 1:1 physical-to-digital...
As if there were not already enough competition for United States consumers’ restaurant delivery spending, a new player may be coming to the fore to take on DoorDash, Uber Eats and Grubhub. On Thursday (July 7), digital on-demand convenience delivery service Gopuff announced that it...
Cabinets.com customers can pick out their new kitchen cabinets from the comfort of their homes — or anywhere else, for that matter — through a partnership with Dassault Systèmes that creates a cloud-based 3D design portal, according to a press release. It’s the latest example...
