News

Retail
Blue Apron CEO: Meal Kits Now Prioritize Long-Term Profitability Over Immediate Growth
June 26, 2023

As meal kit providers look to weather the challenges of inflation, many have been forced to rethink their business models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Singapore’s Traveler Shopping App utu Raises $33 Million and Acquires CardsPal
June 26, 2023

Singapore’s utu has raised $33 million and acquired the rewards platform CardsPal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Investments
UK FinTech TreasurySpring Raises $29 Million to Grow Fixed-Term Fund Platform
June 26, 2023

TreasurySpring has secured $29 million to grow its fixed-term fund (FTF) platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

International
Report: China’s Consumer Spending Lags Due to Weak Confidence
June 26, 2023

China’s lifting of COVID restrictions has reportedly not been enough to support consumer spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Partnerships / Acquisitions
Amedisys Agrees to $3.3 Billion UnitedHealth Merger
June 26, 2023

Home health company Amedisys has agreed to a $3.3 billion merger with UnitedHealth Group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

eCommerce
Onramp Integrates eCommerce Lending Platform With Walmart Marketplace
June 26, 2023

Onramp is now offering financing solutions to eCommerce sellers on Walmart Marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Retail
Leap Raises $15 Million to Enhance Retail Platform
June 26, 2023

Retail platform Leap has raised $15 million to help brands better manage their retail operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Loyalty & Rewards
Are Loyalty Programs a Profit Center or Cost Center? 
June 26, 2023

Brands, retailers, and solution providers are increasingly focusing on loyalty programs to not only encourage repeat purchases but also gather valuable, first-party data. However, it remains crucial to determine whether these opportunities effectively resonate with customers. Also, it is important to assess whether loyalty programs...

IPO
AI-Powered Beauty Company Oddity Challenges Industry Norms, Files IPO 
June 26, 2023

Despite it being a ghost town in IPOville, Oddity, a beauty and technology company responsible for managing brands like Il Makiage and Spoiled Child, has submitted its application to become a publicly traded company. The decision is noteworthy not only because initial public offerings (IPOs)...