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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...

Investments
Chinese AI Startup Moonshot Reaches $3 Billion Valuation
August 05, 2024

Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding 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 Today....

Payment Methods
How Contactless Payments Won Gold at Paris Olympics
August 05, 2024

The Olympics are a time for pushing the boundaries of what’s possible. 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...

Security & Fraud
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
August 04, 2024

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June 30, the bank indicated that the CFPB has inquired about transactions through the Zelle network and that it is currently...