News

B2B Payments
Klavi Raises $15M to Grow Open Finance Solution, Develop New B2B Products
August 12, 2022

Open finance SaaS platform Klavi has raised $15 million in a Series A investment round to develop new B2B finance products. Founded in 2020, the company offers technology that generates insights from open finance data and offers products to businesses of any size, according to...

B2B Payments
In the Beginning: How a CFO Approaches Automating a Purely Manual AP Environment
August 12, 2022

Many companies have embarked upon the journey to digitize B2B payments since the pandemic, but Reachdesk is an example of one that has only just begun. The firm, which enables B2B companies to deliver the “moments that matter” at scale through data-driven direct mail and...

Cross Border Commerce
Klasha Adds Former PayPal Executive to Help Transform African Commerce
August 12, 2022

Klasha has appointed former PayPal executive Ayman Jawhar CPO, saying his experience will help the company scale its B2B and B2C products for cross-border African commerce. Jawhar joins the San Francisco and Lagos, Nigeria-based technology company with 15 years of experience at PayPal, Miro, Prodigy...

International
Advisers Urge India’s Paytm Shareholders to Remove CEO
August 12, 2022

India-based digital payments provider Paytm saw its shares drop to their lowest level in two weeks when a proxy advisory firm urged shareholders to oust the company’s CEO. As Bloomberg News reported Friday (Aug. 12), Institutional Investor Advisory Services India Ltd. (IIAS) is recommending that...

Retail
Amazon vs Walmart Weekly: Winning Hearts, Minds and Eyeballs
August 12, 2022

“When times get tough, the tough get going,” it is often said, but even so, what better way to unwind after a long day of fighting high prices and scavenging for deals than to sit down and enjoy a little “me time” with your favorite...

Retail
Jewelers Mine the Market for Young Customers With Shift to Digital Diamonds
August 12, 2022

Even though it’s known for dazzle, jewelry’s past wasn’t always principled, giving us the made-up Hope Diamond “curse” and the very real brutality of the blood diamond trade, all of which create ideal market conditions for ethically sourced sustainable jewelry on its continued rise. It’s...

Retail
The Honest Co. Turns to Innovation, Re-Invention to Reverse Brutal First Year
August 12, 2022

After a year-long sales slump following its May 2021 initial public offering (IPO), The Honest Co. reported 5% year-over-year revenue growth in the second quarter and said it continues to focus on innovation and new retail distribution.  Read more: Inside Honest: 5 Things You Didn’t...

IPO
State-Owned China Tourism Group Duty Free Plans IPO
August 12, 2022

China Tourism Group Duty Free, which runs China’s biggest duty-free retail network, is planning an initial public offering (IPO) in Hong Kong that could raise as much as $2 billion, Reuters reported Friday (Aug. 12). The offering is fully subscribed, and the stock is likely...

B2B Payments
The Data Point: 90% of SMBs Using Unified Payments Save Time
August 12, 2022

B2B payments are notoriously slow and costly — witness the continued use of paper checks sent via snail mail — which is driving more operations to seek the efficiency platforms provide. For The AP/AR Quick-Start Guide: How All-In-One Payment Platforms Can Transform B2B Transactions, a PYMNTS...