Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest news about smart speakers, along with an Uber partner raising a good piece of capital. Pinterest is eying an IPO, the year’s biggest shopping day is approaching and the holidays will result in significant late payments in the supply chain.
Forecasting Analyst Jaimie Chung said new speakers now have technology that is comparable to the Echo, and that will make other models more attractive.
Fair has a mobile app and website that makes it easy to search for and purchase a car while staying within a predetermined budget. Through the app, users search for a car and sign the lease without the need to go to a car dealer.
Pinterest could choose its underwriters for the IPO as soon as January. Once it’s set, the company could reach a valuation at or in excess of $12 billion, although that could obviously change between now and when the IPO becomes a reality.
Data shows that this coming Saturday — Dec. 22 — is poised to be the biggest shopping day of the year.
Manufacturing, shipping and selling the gifts being purchased during the holidays this year will force businesses in the supply chain to be waiting on $110 billion, an 18 percent increase from last year.