August 03, 2023
Digital Dollar Project: CBDCs Can Help the Unbanked

Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP).  The organization announced Thursday...

August 03, 2023
Airwallex and OurCrowd Team to Make Startup Investing Easier

Airwallex has joined forces with venture investing platform OurCrowd to make it easier to invest in startups. The partnership, announced Wednesday (Aug. 2), lets institutions and individuals invest in startups anywhere, with their local...

August 03, 2023
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’

The head of America’s biggest bank said new capital requirements may have slowed economic growth. J.P. Morgan Chase CEO Jamie Dimon said in a Wednesday (Aug. 2) CNBC interview that...

August 03, 2023
Petal Secures $200 Million to Expand Credit Card Program

Petal is preparing to expand its credit card program after securing a $200 million debt facility. The FinTech announced the funding — from investment firm Victory Park Capital — in a news...

August 03, 2023
Deepening Fault Lines: Diverging Antitrust Enforcement at the DOJ and...

By Elyse Dorsey1   “A fault is a fracture or zone of fractures between two blocks of rock. Faults allow the blocks to move relative to each other. This movement may occur...

August 03, 2023
Novo Secures $125 Million Facility for New Working Capital Offering

Novo has launched a new offering to help small businesses access working capital. The company has also secured a $125 million facility from Victory Park Capital (VPC) to provide working...

August 03, 2023
NCR’s Planned Business Split in Full Swing Despite Declines in...

The planned separation by NCR into two publicly traded companies — one focused on online commerce, and the other centered around ATMs — is in full swing, senior company executives told investors and analysts as part of the...

August 03, 2023
MercadoLibre Eyes Digitizing Mexico’s Cash Economy Amid Record Growth

Latin American eCommerce platform MercadoLibre highlighted record growth in the second quarter of 2023, driven primarily by sales growth and cost efficiencies. Net revenue grew 57.2% year on year to reach $3.4...

August 03, 2023
Are Main Street Businesses Starting to Crack?

Earnings season, as always, offers up data points for Wall Street to parse — net income per share, buybacks and top-line growth. The companies forging eCommerce ecosystems also give insight,...