London-based FinTech kennek has raised $12.5 million in a seed funding round to grow its operating system for lenders serving the private debt market. The firm will use the new funding to build upon its existing traction in the United Kingdom, expand its reach into continental Europe,...
Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for an initial public offering (IPO) worth at least $500 million, according to sources with direct knowledge. The sources told Reuters...
Most people consider returns annoying. And by most people, we mean the 79% of shoppers under 30 the National Retail Federation surveyed who consider mail returns to be somewhat or very bothersome. Responding to this finding is Uber, which last week launched its “Return a...
If you’ve planned a wedding or had the privilege of being a guest at one, you’re already aware of the substantial costs associated with such an event. The cost of weddings in the U.S. has been rising, transforming them into not only celebrations of love...
The way money moves is evolving at a rapid and exciting clip. Fueling its rocket-ship acceleration are the twin engines of behavioral expectations grounded in digital convenience, and an increasing boom in the technical infrastructure capable of supporting the realities of those growing expectations. “I...
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve’s benchmark rate hikes...
The worldwide PC market experienced a decline of 9% in shipments in the third quarter of 2023, marking the eighth consecutive quarter of decline. However, there is hope for a recovery in the fourth quarter of 2023, Gartner said in a Monday (Oct. 9) press release. The decline...
Real-time payments are strengthening B2B relationships, with partners on both sides of the transaction reporting that they benefit from the payment method. Eighty-nine percent of retailers that make real-time B2B payments say they have built stronger buyer-supplier relationships, and 76% of those that receive such...
Latin America’s largest venture capital (VC) outfit has reportedly raised $1 billion this year. The Brazilian firm Kaszek is waiting for new deal opportunities to present themselves, and for more mature companies to possibly accept new valuations as their cash runs short, Bloomberg News reported Monday (Oct. 9). Kaszek...
