News

Investments
VOX Funding Secures $150 Million Credit Facility for SMB Financing
May 29, 2025

VOX Funding has secured a $150 million credit facility from Raven Capital to continue expanding its flexible financing options for U.S. businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
Apollo Global Management Partners With Banks to Trade Private Credit
May 29, 2025

Apollo Global Management is reportedly working with five banks, including JPMorgan Chase & Co. and Goldman Sachs Group, to trade private credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
NY Times Inks AI Licensing Agreement With Amazon
May 29, 2025

The New York Times (NYT) Company has signed a multiyear, artificial intelligence-focused licensing agreement with Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Cross-border Payments
TerraPay and Wave to Promote Cross-Border Remittances in West Africa
May 29, 2025

Money movement company TerraPay launched a partnership with Wave Mobile Money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Artificial Intelligence
DeepSeek Upgrades AI Reasoning Model to Rival OpenAI and Google
May 29, 2025

Chinese artificial intelligence startup DeepSeek upgraded its open-source reasoning model R1 to perform nearly at par with the best models from OpenAI and Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Grammarly Secures $1 Billion Financing Amid Evolution Into AI Productivity Platform
May 29, 2025

Grammarly announced $1 billion in financing from General Catalyst’s Customer Value Fund (CVF), saying it will use the financing for product innovation, scaling its sales and marketing, and making strategic acquisitions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payments Innovation
How Payments Firms Can Win Gen Z Without Chasing Every TikTok Trend
May 29, 2025

In an age where consumer expectations evolve at the speed of a TikTok trend, financial institutions and payment providers face an increasingly complex question: how do they build systems, strategies and experiences for a generation that hasn’t even fully formed its preferences yet? Get the...

Payments Innovation
Amid Rule 1033 Uncertainty, Banks Urged Not to Retreat on APIs
May 29, 2025

No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Amazon and Walmart Hit the Wall as Shoppers Shift Spending
May 29, 2025

The intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart has long pitted the two companies against each other. Now, both retailers have a new challenge: Shoppers themselves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...