Hotel payment software platform Selfbook has landed a strategic investment from Amex Ventures. “The American Express brand is synonymous with global travel and payment security, and we are thrilled to have Amex Ventures be part of our investor base,” Khalid Meniri, Selfbook’s co-founder and CEO,...
As convenience stores try to swipe grocery sales, supermarkets are responding with new small-format locations. The latest example of this brewing turf war has emerged in Europe, where industry giant Asda is taking on these neighborhood competitors on their turf. This, as the UK-based supermarket chain announced this week...
PhonePe reportedly hopes to raise $1 billion as it tries to become a super app. The payments company — owned by the eCommerce firm Flipkart, which is itself owned by Walmart — is working with investors that include General Atlantic Tiger Global Management, Qatar Investment...
Mobile wallet usage for brick-and-mortar purchases rose 9% globally in Q2 2022. This signals increased consumer adoption of the alternate payment method that harkens the wholesale embrace of credit cards in the 1950s. PYMNTS surveyed 11 countries in “How the World Does Digital: The Impact...
Walmart has launched a website that uses visual search to do the shopping for consumers. The new TrendGetter uses image recognition technology to find the item a shopper is looking for on its website and display the options and prices, Walmart said in a Thursday...
Fashion retailer Express has turned to WHP Global as it begins a “large-scale transformation.” WHP, a brand turnaround firm that owns a number of companies, including Toys R Us, will take a 7.4% stake in Express, the retailer announced Thursday (Dec. 8). Express CEO Tim Baxter said the partnership was...
Bookkeeping solution provider Uplinq has raised $5.6 million in seed funding. This funding joins the $1.6 million it raised in a previously unannounced round, the company said in a Thursday (Dec. 8) press release. Uplinq will invest the new capital in marketing, sales, engineering and...
GameStop’s CEO says the ailing retail chain is on the cusp of an unprecedented turnaround. While investors who saw the company post back-to-back sales declines and its seventh consecutive quarter of losses Wednesday (Dec. 7) evening might disagree, CEO Matthew Furlong said the path from...
Rent the Runway achieved record revenue as its bargain-hunting customers sought deals on everyday fashion. The company said its revenue for the quarter rose 31% year-over-year, while its active user base increased, with subscribers beginning to use the fashion rental and retail service for more than...
