PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Trevor Murphy, COO and co-founder of payment authorization management platform FlexPay, says opportunities still exist despite market headwinds and...
A spate of earnings reports rolled in through the past week, and a rough parity between gaining stocks and decliners held the FinTech IPO Index to a 1.4% gain. NerdWallet shares plunged 30% through the past five sessions. In the company’s most recent earnings report, the...
Texting is ubiquitous. Texting is, in many cases, real time — we open those digital missives almost as soon as we see them, and respond in kind. Jon Halpern, Head of ISV at Fiserv, told Karen Webster in an interview that 98% of texts get opened...
Despite advancements in eCommerce technology, businesses that operate in digital commerce, particularly those with multiple storefronts, still lack a complete and unified multi-platform overview of their finances, says Samir El-Sabini, CEO and co-founder at Juni. It’s a gap that the Swedish FinTech firm is aiming...
As smartphone security measures like biometrics become more advanced, more consumers feel safe conducting financial transactions via mobile, including over half of seniors and baby boomers. The study “Consumer Behaviors and Perceived Security Across Devices,” a PYMNTS and Entersekt collaboration, which surveyed nearly 2,600 U.S....
Carvana expects to return to profitability in this quarter after cutting costs. The used car retailer expects to achieve positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the current quarter, Carvana said in a Thursday (May 4) letter to shareholders. This forecast...
Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms. The new fund — the venture capital (VC) investment group’s ninth — was announced Thursday (May 4) on HV Capital’s LinkedIn page and comes at a time when many...
SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes to recover $2 billion in deposits held in receivership by the Federal Deposit Insurance Corp. (FDIC). But according to bankruptcy court...
Johnson & Johnson’s consumer healthcare spinoff has made the biggest U.S. initial public offering (IPO) since 2021. Kenvue, which includes Band-Aid and several other well-known consumer brands that had been part of Johnson & Johnson, raised $3.8 billion in an IPO that valued it at...