Jenny Craig is poised for a digital comeback as the rise of direct-to-consumer (D2C) enables weight loss brands to find an audience in more targeted ways than ever. As Wellful, an omnichannel health and diet food company behind competing brand Nutrisystem, announced Wednesday (July 5), it has acquired Jenny Craig’s...
Great Britain’s CAB Payments raised $426 million upon becoming a public company Thursday (July 6). The firm, which had announced its initial public offering (IPO) plans last month, is a B2B foreign exchange and cross-border payments company. “Today marks the start of the next exciting chapter in the company’s...
BigCommerce is adding new localization features to its Software-as-a-Service (SaaS) eCommerce platform. The upcoming features will allow global enterprise merchants to localize their checkout, merchandising, language and content, BigCommerce said in a Thursday (July 6) press release. “Language, currency and cultural differences should not be barriers to commerce, and...
TikTok has spent a week running a brick-and-mortar pop-up shop for brands and creators. The shop is not open to the public; instead, it is showing prospective merchants and creators how they can sell online via the social media platform, TikTok said in a Wednesday (July 5) press...
A Google survey found that approximately 40% of executives said adopting generative artificial intelligence (AI) is an urgent need. However, many of these same executives did not even know whether their companies were ready to adopt the technology. Sixty-two percent of executives said they do...
A bankruptcy judge has reportedly approved the sale of SVB Financial Group’s investment bank to its managers. SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, bought Leerink Financial Partners in 2019 for $280 million, renamed it SVB Securities and can now sell the unit to...
Mashreq has launched electronic facial recognition (EFR) technology to facilitate the onboarding of large corporate clients. With the implementation of this technology, UAE-based large corporate banking clients can open bank accounts in an entirely paperless onboarding process, Mashreq said in a Wednesday (July 5) press release....
Debit remains among consumers’ preferred payment methods, allowing them to spend only the funds on hand. But for merchants, rewarding consumers for using debit cards — specifically, merchant-branded cards — may hold an uneven track record. Kroger announced last week on its web page, that...
Silicon Valley Bank (SVB) has reportedly — and carefully — reentered the startup/venture lending business. As The Wall Street Journal (WSJ) reported Wednesday (July 5), the bank — acquired this spring by First Citizens — has slowed its lending, leading to slowing venture debt market, and in turn keeping already-struggling...
