Berlin-based startup Ivy has raised $20 million in Series A funding to expand its global network for open banking payments. “Ivy is building a network of networks for instant bank payments,” Ivy Co-founder and CEO Ferdinand Dabitz said in a Thursday (Aug. 31) post on LinkedIn announcing the new funding. “Over...
The “less is more” approach seems to be a winning strategy for Victoria’s Secret, as the lingerie retailer showcased a robust August despite a weak quarter. This success was attributed to adjustments in their global strategy, along with partnerships that led to the creation of compact stores,...
Gopuff is expanding its advertising business overseas as leading players across the on-demand delivery business increasingly leverage these capabilities to boost their margins. The convenience delivery company announced Thursday (Aug. 31) that it is launching its ads platform in the United Kingdom, offering brands options...
Inlogik and Conferma Pay have partnered to introduce a solution for business travelers that aims to simplify and automate the reconciliation of hotel expenses using virtual card technology. By leveraging this service, businesses can have their employees’ hotel invoices automatically tracked and transformed into tax and audit-ready documents,...
Three brands in the specialty apparel retail industry have been brought together in the KnitWell Group, a new holding company formed by private equity firm Sycamore Partners. With three apparel brands under its umbrella — Ann Taylor, Loft and Talbots — KnitWell Group generates combined annual sales of over $3 billion, the holding...
In today’s competitive retail landscape, understanding and leveraging customer data have become paramount for retailers. In fact, recognizing the value of omnichannel customer data and actively seeking innovative ways to gather and utilize these insights can enhance retailers’ operations and improve the overall shopping experience. ...
As generative artificial intelligence (AI) grows by leaps and bounds, countermeasures to keep tabs on artificially generated content are emerging. The challenge for companies developing these solutions is not only that their tools are new, unproven and offer mixed success but also that these tools’...
When Patagonia exited the business of creating company swag, it was almost as if it was the end of an era of the unofficial uniform for finance bros everywhere. However, despite Patagonia’s involvement, the company swag often lacked appeal. These items felt mass-produced and lacked uniqueness. This...
In today’s digital age, consumers have varied payment preferences when it comes to paying their bills and are increasingly looking for convenient and efficient ways to do so. However, there’s a disconnect between consumer preferences and billers’ offerings, according to the PYMNTS report “Why Holistic...
