British payments group Epos Now is running a private placement process to sell a minority stake in the business and bring on a strategic partner “for the next stage of growth.” The process will start after summer, Epos Now CEO Jacyn Heavens told PYMNTS in an email....
As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. The marketplace shared in its first quarter 2024 financial results Wednesday (May 1) that it saw a 3.7% decline in gross...
The creator economy landscape is rapidly evolving, with platforms and companies vying to support independent creators in monetizing their work and achieving financial stability. Joining the fray is Web3 startup Matera, which aims to address the monetization challenges prevalent in the creator economy by bridging the...
Estée Lauder Companies’ debut of its first brand on the U.S. Amazon Premium Beauty store has “greatly exceeded” the company’s retail sales expectations so far. This new offering, which started with the Clinique brand in late March and will expand to include a select few other brands, has strategically expanded the...
Block, owner of Cash App and Square, is reportedly facing a Department of Justice investigation. Federal prosecutors are in discussions with an ex-employee about allegations of widespread compliance failures at Cash App and Square going back years, NBC News reported Wednesday (May 1), citing unnamed sources. “From the ground up, everything in the compliance...
Building a successful business rarely happens on an island or in a vacuum. Typically, success comes from successful business relationships — and when one thinks about B2B relationships, at their core, they exist as payment relationships. With the news Thursday (April 25) that WEX launched a new B2B virtual card partnership with Booking.com, the changing...
Anthropic launched an iOS app featuring its artificial intelligence chatbot, Claude. The app makes the chatbot accessible “from anywhere, any time,” the company said in a Wednesday (May 1) press release. The Claude iOS app syncs with web chats so users can pick up conversations where they left off across different devices,...
Expensify has added expense tracking features for self-employed professionals to the latest version of its app for expenses and corporate cards. The New Expensify platform helps self-employed professionals track all types of business spend, categorize the expenses and share them with their accountant for tax...
UnitedHealth’s CEO said the company is still investigating a security failure behind a massive cyberattack. Testifying before the Senate Finance Committee Wednesday (May 1), Andrew Witty said the company has not yet determined why its computer systems were left open to a ransomware gang that...
