Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday (Sept. 15), citing sources familiar with the matter. Those potential buyers include SkyBridge Capital, and Atlas Merchant Capital — both working together...
TikTok is reportedly preparing to roll out heavy holiday discounts starting next month. A report Saturday (Sept. 16) by Bloomberg News, citing internal documents, said the social media app is hoping these bargains can attract consumers to its newly launched marketplace as it aims to compete with...
Bank of America is seeing more of its customers falling behind on their credit card payments. Both the net charge-off rate and the delinquency rate of the bank’s BA Master Credit Card Trust II increased in August, though they remain below where they were in the...
Visa and NEOPAY, the payment subsidiary of Mashreq, have joined forces to introduce an installment payment solution to the United Arab Emirates (UAE). The partnership aims to provide consumers with greater flexibility and convenience when making purchases, the companies said in a Thursday (Sept. 14) press release. The...
Denmark-based venture capital (VC) manager Dreamcraft Ventures has reached its target of 55 million euros ($58.7 million) for its Fund II. Fund II has made six investments in the last nine months, the firm said in a Wednesday (Sept. 13) post on LinkedIn. The VC manager invests...
As grocers look to boost loyalty and drive adoption, card-linked offers can help them reach half of all shoppers. By the Numbers For the new report “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” PYMNTS Intelligence surveyed more than 2,000 U.S. consumers in...
Digital dynamics are reinventing the way businesses around the world operate. But in order to capture the efficiencies modern workflow solutions provide, firms often need to reinvent their own systems first. Many simply don’t want to, and it is holding them back. Firms shackled by...
Spanish digital car subscription service provider Revel has reportedly raised 115 million euros (about $123 million) in a funding round. The money, which includes a 15 million euro (about $16 million) capital investment and a debt financing structure of up to 100 million euros (about...
In an effort to make their brands more indispensable to consumers’ day-to-day food routines, both Kroger and Albertsons have just announced new meal offerings. The Kroger Company, the nation’s largest pure-play grocer, announced Friday (Sept. 15) a partnership with Performance Kitchen, a company that creates “medically tailored meals”...
