Payment processing firm Episode Six has debuted an installment payment plan for businesses. Business Now, Pay Later, announced Wednesday (Sept. 13), lets commercial banks offer small and medium-sized businesses (SMBs) “tailored installment offerings” within their business banking channel. The Austin-based company said in a news release that it created...
The Land Transport Authority (LTA) of Singapore announced it will review the ride-hailing and taxi industries, causing shares of Southeast Asian super provider Grab to dip 8%. Grab, whose services include ride-hailing, saw its shares lose the gains they had made over the past three...
Embedded banking platform Swan has raised $39 million in a Series B funding round. “I’m not obsessed with fundraising, but this news is big,” Nicolas Benady, the French company’s founder and CEO, wrote on the Swan blog Wednesday (Sept. 13). “It’s big for reinforcing the quality and scale of our...
BlackLine, a cloud finance software company, has begun the rollout of its artificial intelligence (AI)-enabled intercompany accounting capabilities. This new solution, known as Intercompany Predictive Guidance, aims to prevent transaction failures, reduce resource consumption and enhance efficiency throughout the entire transaction lifecycle, the company said in...
Treasury4 has raised $20 million to expand its software platform for treasury and finance practitioners. The company announced its Series A funding — led by WestCap — in a news release Wednesday (Sept. 13), saying the funds would allow it to enhance Entity4, its legal entity management solution,...
Hokodo, a provider of digital trade credit solutions, has joined forces with Fuse, an artificial intelligence (AI)-powered transaction analytics firm, to enhance Hokodo’s credit offering for businesses in the United Kingdom. By leveraging Fuse’s credit risk and income verification tools, Hokodo aims to provide more personalized...
H&M is planning to sell secondhand clothing from its flagship London store. The Swedish apparel retailer will debut its “Pre-Loved” collection of womenswear Oct. 5, the company said in a news release provided to PYMNTS Wednesday (Sept. 13). The move comes as H&M and others...
Birkenstock has filed to go public through an initial public offering (IPO) in New York. The German footwear brand did not specify in its Tuesday (Sept. 12) F-1 filing with the U.S. Securities and Exchange Commission (SEC) the number of shares or the IPO price. The Financial Times (FT) reported Tuesday that...
Sustainability initiatives have ignited a transformative spark across the fashion industry, compelling brands and retailers to realign their strategies with the evolving values of environmentally conscious consumers. While sustainability has permeated various market segments, from apparel and accessories to innovative rental and resale models, one...
