In today’s top news, Amazon’s in-garage delivery is expanding across the country, and Sweden’s MedTech startup Kry is now valued at $2 billion after raising $300 million. Plus, Brex raised $425 million and is expanding its all-in-one financial solution.
Amazon’s Key In-Garage Grocery Delivery Rolls Out Nationwide
Amazon’s Key In-Garage Grocery Delivery is expanding across the country to more than 5,000 municipalities after a successful November 2020 pilot program in five cities. Key In-Garage gives Prime members the option of having their Amazon Fresh and Whole Foods Market groceries securely delivered to their garage.
Swedish MedTech Startup Kry Raises $300 Million At $2 Billion Valuation
Swedish MedTech startup Kry raised $300 million in a funding round that values the telehealth platform at $2 billion, almost triple the $700 million valuation the firm had last year. The startup will continue growing its digital product suite and expanding operations.
Brex Raises $425 Million Series D At $7.4 Billion Valuation
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Silicon Valley-based business growth firm Brex raised $425 million in a Series D investment round led by Tiger Global that gives the startup a valuation topping $7.4 billion. Brex said the new infusion of capital “will fuel our growth” as the startup moves to further expand its “all-in-one financial solution” for businesses of all sizes.
Visa, Mastercard Earnings To Anticipate Credit Rebound, Contactless Surge
Visa, Mastercard and Fiserv are on tap to report earnings this week. First-quarter results may show a continued damper on international transactions and commerce. But management may discuss how and when credit may rebound, and debit spending may recede a bit — as contactless payments are here to stay.
Mars Serves Connected Experiences To Create Sweet Consumer Journeys
Even if it’s a bag of M&Ms at issue, the consumer experience is never to be taken for granted. It’s an obsession at confectioner-to-the masses Mars Inc. As Jason Thomstatter, head of digital commerce at Mars, told Karen Webster as part of the ConnectedEconomy™ series, his mission is to understand consumer behavior at every stage and in every channel to connect consumers to a sweet experience in context.
Innovative Fraudsters Demand Shift In Bank Customer Transaction Analysis
With the aid of advanced technologies and a shift in how they examine transactions, financial institutions (FIs) can tell who’s doing good and who’s up to no good. As David Excell, founder at Featurespace, told Karen Webster in a recent PYMNTS Fireside Chat, making decisions in the context of the consumer’s journey means looking across data silos to authenticate consumers and even anticipate good transactions before they happen.
Walmart+ Leverages Grocery Delivery; Gains 8 Million New Paid Subscribers
New PYMNTS data shows that the cheaper cost and convenience of getting groceries delivered via the new Walmart+ subscription service narrowed the gap with Amazon Prime in the first quarter. What has made almost 30 million consumers flock to the service? We break it down.
