April 12, 2024
Bunq Raises $31 Million After Quadrupling User Deposits in 2023
European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority...
April 12, 2024
Wells Fargo Sees Brighter Days for US Consumer Spending
The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post stellar earnings Friday (April 12) it did...
April 12, 2024
Partnerships Dominate FinTech IPO Index News Ahead of Earnings
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied...
April 11, 2024
4 in 10 Omnichannel SMBs Use eCommerce to Reach New...
As small and medium-sized businesses (SMBs) on Main Street, USA increasingly make their offerings available online, many are looking to digital channels to expand to new areas, PYMNTS Intelligence findings...
April 11, 2024
Nuvei Launches Invoice Financing Service Integrated With Leading ERP Systems
Nuvei has launched a service that enables merchants to access its Invoice Financing solutions directly within their enterprise resource planning (ERP) systems. With this service, the solutions have been integrated...
April 11, 2024
Making Sense of How Firms Are Leveraging Real-Time Data
An uncertain operating environment calls for controlling what is controllable. And with Mastercard’s reshuffling of its executive team on Tuesday (April 9) to add a data team, real-time visibility into operations —...
April 11, 2024
South Korea Ordered to Pay $32 Million in Samsung Merger...
The Ministry of Justice in South Korea announced on Thursday that the country has been directed to pay New York hedge fund Mason Capital Management more than $32 million. This...
April 11, 2024
Mimo Launches Financial Management Platform for Small Businesses, Accountants
Mimo raised 15.5 million pounds (about $19.4 million) to launch its financial management platform for small- to medium-sized businesses (SMBs) and accountants. The platform helps these businesses simplify global payments, cash...
April 11, 2024
Sky-High Shift: Rising Air Cargo Demand Reshapes Supply Chain Dynamics
One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing FedEx as the primary air...