News

B2B Payments
Kriya and Mangopay Join Forces to Enhance B2B Payments
September 07, 2023

U.K.-based B2B FinTech firm Kriya (formerly MarketFinance) has announced a partnership with EU-based platform-specific payment infrastructure provider Mangopay. The partnership between Mangopay and Kriya will benefit both business customers and platforms, the companies said in a Thursday (Sept. 7) blog post, by giving B2B marketplaces and platforms...

Mobile Payments
Apple, Google Come Under Fire for Their Tap-to-Pay Walled Gardens
September 07, 2023

Contactless payments are now coming into contact with federal consumer protection agencies. This, as the U.S. Consumer Financial Protection Bureau (CFPB) on Thursday (Sep. 7) published a new report entitled “Big Tech’s Role in Contactless Payments: Analysis of Mobile Device Operating Systems and Tap-to-Pay Practices,”...

Artificial Intelligence
Alloy.ai Adds AI Features to Forecasting and Supply Chain Platform
September 07, 2023

Alloy.ai has added new predictive and generative artificial intelligence (AI) features to its software platform. The features aim to help consumer brands overcome the sales, inventory, forecasting and supply chain challenges they face in today’s uncertain economy and unpredictable demand, the company said in a Thursday (Sept. 7)...

Retail
Instacart Boosts in-Store Offerings in Leadup to Planned IPO
September 07, 2023

In an effort to place itself at the center of grocers’ omnichannel businesses, Instacart is boosting its in-store capabilities in advance of its planned initial public offering (IPO). Announced in a Thursday (Sep. 7) press release, the new features include the option for grocers to...

Investments
Insurance Claims Optimization Company CLARA Analytics Raises $24 Million
September 07, 2023

CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed a $24 million Series C funding round, bringing its total funding to $60 million. With this latest funding, the company aims to enhance its platform’s AI capabilities, including generative AI,...

Delivery
Grubhub Adds On-Demand Drivers as Aggregators Vie for Restaurants’ Loyalty
September 07, 2023

As aggregators compete to woo restaurants, Grubhub is offering more flexible features. The Chicago-based food delivery platform announced Thursday (Sep. 7) the launch of a new feature for restaurants, dubbed “On-Demand Delivery,” enabling eateries that leverage their own driver networks for deliveries to request additional courier...

Investments
Treyd to Expand Markets and Enhance Product Offering With New Funding
September 07, 2023

Stockholm-based FinTech company Treyd has secured a $12 million extension of its Series A funding, bringing its total investment to $25 million. This funding will be used to expand existing markets, enhance the core product offering and work toward achieving profitability, the company said in a Thursday...

B2B Payments
Mastercard and KredX Partner to Simplify B2B Digital Payments
September 07, 2023

Indian supply chain finance platform KredX has joined forces with Mastercard to streamline B2B digital payments. The collaboration will integrate Mastercard’s commercial card service with the KredX platform, eliminating complexities associated with B2B payments made via cards, the companies said in a Thursday (Sept. 7) press release emailed to...

Banking
Adyen Receives Banking License From UK Regulators
September 07, 2023

Dutch FinTech Adyen is set to begin offering banking services in the United Kingdom. The company announced in a Thursday (Sept. 7) press release that it obtained a banking license from British regulators, replacing an earlier temporary permission. “The authorization builds on Adyen’s global end-to-end...