News

Retail
Shoppers’ Frustrations With Locked-Up Pharmacy Items Drives eCommerce Adoption
August 05, 2024

As consumers grow tired of retailers’ increasing utilization of locked display cases, cable ties and electronic tags, many are switching to digital channels to eliminate this major friction point, Amazon CEO Andy Jassy noted. Get the Full Story Complete the form to unlock this article...

B2B Payments
Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
August 05, 2024

Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses in Egypt and, in the future, other markets in the Middle East and North Africa (MENA) region. Get the Full...

Retail
ThredUp Adds AI Tools to Fashion Resale Platform
August 05, 2024

Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Investments
Report: OpenAI Backer Thrive Capital Raises $5 Billion
August 05, 2024

Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Investments
Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
August 05, 2024

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Retail
Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
August 05, 2024

This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries, even as they continue to show belt-tightening behaviors for large-ticket products such as furniture. Get the Full Story Complete the...

Investments
Axle Automation Raises $2.5 Million to Grow AI-Powered AML/KYC Solutions
August 05, 2024

Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Layer2 Raises Over $10 Million for Cross-Border B2B Payments Offerings
August 05, 2024

Cross-border payments infrastructure platform Layer2 Financial raised $10.7 million in a Series A round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
August 05, 2024

Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...