In today’s top news, thredUP announced the launch of its IPO, and software firm Pollinate raised $50 million. Plus, Clubhouse creators will be able to monetize their audio sessions using a sponsorship marketplace.
Fashion reCommerce Startup thredUP Plans $168 Million IPO
Online resale platform thredUP is planning an initial public offering (IPO) that could raise as much as $168 million. thredUP plans to price its 12 million shares between $12 and $14.
Pollinate Raises $50 Million To Enter North American Market
London-based software business Pollinate plans to bring its platform to North America after raising $50 million. The platform helps banks offer small to medium-sized entrepreneurs (SMEs) access to capital, payment acceptance capability, digital loyalty programs and marketing tools to build their stores and brands.
Clubhouse Taps Clubmarket To Monetize Sessions Content
Startup Clubmarket has devised a method to monetize social audio meetings on the Clubhouse social media platform. Through a sponsorship marketplace, session creators can set their own prices to raise funds via paid brand sponsorships.
Snap Ecosystem Builds For The New Digital Local
From a new music license deal and an NBA partnership to the launch of new eCommerce developer tools and the acquisition of a location data firm, Snap’s expanding ambitions to reach its 265 million users as a multi-channel super app are fairly clear.
The PYMNTS COVID Data Compendium: The Past, Present And Future Of The New Digital Consumer
As mass vaccinations get underway, consumers are starting to ponder a future beyond the pandemic — which includes hanging onto many of their digital-first habits. PYMNTS profiles this new digital consumer, assembled from 10 repeated observations of a national sample of more than 21,600 consumers over the past year, to examine how her newfound digital preferences will shape the post-pandemic economy.
El Pollo Loco Fires Up AI To Personalize Loyalty Rewards
With 84 percent of consumers spending their money on merchants that personalize their offerings, it’s no wonder why quick-service restaurants (QSRs) are eager to give their loyalty programs a personal touch. In the Order To Eat Tracker, Andrew Rebhun, vice president and digital officer at El Pollo Loco, explains how restaurants can tap artificial intelligence to personalize their rewards experience for consumers of all ages.
Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
Cross-border payments presents a big opportunity for firms worldwide — $10 trillion a year. But along with that opportunity comes a series of challenges. Fed Chair Jerome Powell shares what needs to be done to capitalize on it.
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