News

B2B Payments
Sequence Raises $19M to Build B2B SaaS Billing, Collections Platform
September 21, 2022

Sequence has come out of stealth and announced that it has raised $19 million to build “the finance operations platform of the future” for B2B Software-as-a-Service (SaaS) companies. The company is building a platform that will help companies manage pricing models, data about customer usage...

Investments
Noble Raises $18M Series A to Open US Office, Expand Products 
September 21, 2022

No-code infrastructure FinTech startup Noble has raised $18 million to open an office in the U.S. and expand its suite of offerings to enable companies to build, launch and scale credit-based products and services like credit cards and buy now, pay later (BNPL). Noble is...

B2B Payments
Revolut Debuts Freelance Payment Tool Revolut Pro
September 21, 2022

Financial super app Revolut has launched Revolut Pro, an income, expense and payment management account for self-employed workers. “The world of work is becoming more flexible,” the U.K.-based company said in a news release Wednesday (Sept. 21). “Workers are increasingly choosing to work for themselves,...

eCommerce
Dubai-Based IT Distributor Mindware Launches B2B Site for UAE
September 21, 2022

Dubai-based Mindware, a distributor of information technology (IT) products in the Middle East and Africa, has launched a B2B eCommerce website in the United Arab Emirates (UAE) and said it will soon do so in other regional markets.  With the launch of the Mindware Store...

Regulation
House Bill Would Ban Algorithmic Stablecoins for 2 Years
September 21, 2022

The latest version of an on-again, off-again House bill regulating stablecoins would place a two-year ban on dollar-pegged digital assets like TerraUSD, which collapsed in a $48 billion bank run-style panic in May. Despite being widely considered a priority in both houses of Congress, repeated...

Regulation
Bank CEOs’ Congressional Testimonies Spotlight Digital Strategies, Inclusion
September 21, 2022

The hearing is titled: “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” And the appearance of and testimony by executives from the seven largest banks in the country on Wednesday (Sept. 21) before the U.S. House Committee on Financial Services will touch on...

Investments
Pie Secures $315M to Grow Workers’ Comp InsurTech Platform
September 21, 2022

Workers’ compensation InsurTech startup Pie Insurance raised $315 million in a Series D funding round that will be used to support the company’s expansion into new business lines and other growth initiatives. The fresh capital will also go toward its transition to a full-stack carrier,...

Retail
Walmart’s Social Commerce Shift Lowers Walls Between Physical, Digital Retail
September 21, 2022

Just as the busy fourth-quarter seasonal retail rush is set to kick off, the world’s largest operator or physical stores has made a major push to boost its digital connectivity via a five-pronged “test and learn” expansion of its social commerce platform. It’s a move that...

Retail
Walmart Seasonal Hiring Plans Down 75% vs Last Year
September 21, 2022

Walmart plans to hire 40,000 employees for the upcoming holidays, a 75% drop from the retailer’s 150,000-worker target from last year. Those workers will include seasonal store associates, full-time permanent truck drivers, and customer care workers, according to a Wednesday (Sept. 21) press release. The...