News

Retail
P&G: Inflation Isn’t Keeping US Consumers From Buying More Expensive Brand Names
January 23, 2024

It turns out Procter & Gamble, the company which makes household staples like Tide detergent, Bounty paper towels, and Crest toothpaste, made more money last quarter because it raised prices on its household items, showing that even with inflation, people are still buying the company’s...

Investments
ModernFi Raises $18.7 Million to Expand Deposit Management Tools
January 23, 2024

ModernFi has secured $18.7 million in funding to bring its deposit management tools to financial institutions of all sizes.  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...

Investments
Ex-Nvidia Exec Raises $4.7 Million for Testing Tool That Can Fix AI System Flaws
January 23, 2024

RagaAI, a startup founded by tech veteran and former Nvidia executive Gaurav Agarwal, secured $4.7 million in seed funding to develop a tool that can automatically diagnose and fix flaws in artificial intelligence systems. Get the Full Story Complete the form to unlock this article...

Retail
Half of Grocers Investing in Gaining Omnichannel View of Shoppers
January 23, 2024

As grocers look to better understand their shoppers’ behavior, a PYMNTS Intelligence report finds that half are investing in the ability to track customer habits across digital and physical channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Klarna CEO Teases US IPO
January 23, 2024

Klarna CEO Sebastian Siemiatkowski said the Swedish FinTech company is considering an initial public offering (IPO) in the United States.  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...

Investments
TravelPerk Raises $104 Million to Expand Business Travel Management Platform
January 23, 2024

TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. 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...

Investments
Vestiaire Collective Targets $1.1 Million in Crowdfunding
January 23, 2024

European pre-owned fashion platform Vestiaire Collective launched a crowdfunding campaign to raise at least 1 million euros (about $1.1 million) from individual investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

eCommerce
Temu Gains Following Among Older eCommerce Shoppers 
January 23, 2024

Temu has reportedly defied expectations by attracting a significant number of baby boomers and Generation X shoppers in the United States.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Investment Firm Plural Launches $436 Million Fund to Support European Startups
January 23, 2024

Venture capital firm Plural has launched a 400 million euro ($436.4 million) fund to support technology and AI startups in Europe, CNBC reported on Tuesday (Jan. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...