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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....

Banking
Three-Quarters of Banks Face Digital Banking Infrastructure Issues
August 05, 2024

The banking industry is experiencing a seismic shift as agile, digital-native FinTechs capture an ever-growing share of the market. Burdened by outdated technology, traditional financial institutions face mounting challenges in delivering modern digital services. The growing dominance of FinTechs — securing nearly half of all...

Artificial Intelligence
Trending: Billion-Dollar Investments Drive AI Surge in Healthcare
August 05, 2024

The healthcare industry is witnessing a shift as artificial intelligence (AI) attracts massive investments and partnerships. Spring Health’s $3.3 billion valuation, CytoReason’s $80 million funding round, and the AWS-GE HealthCare collaboration highlight the growing confidence in AI’s potential to transform mental health services, accelerate drug...