News

eCommerce
Online Sellers Demanding Real-Time, Unified View of Sales From Payments Services Providers
May 05, 2023

Despite advancements in eCommerce technology, businesses that operate in digital commerce, particularly those with multiple storefronts, still lack a complete and unified multi-platform overview of their finances, says Samir El-Sabini, CEO and co-founder at Juni. Get the Full Story Complete the form to unlock this...

Security & Fraud
71% of Gen Z Consumers Prefer Banking via Smartphone for Security
May 04, 2023

As smartphone security measures like biometrics become more advanced, more consumers feel safe conducting financial transactions via mobile, including over half of seniors and baby boomers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Carvana Expects Return to Profitability in Q2 After Cutting Costs
May 04, 2023

Carvana expects to return to profitability in this quarter after cutting costs. 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
HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
May 04, 2023

Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms. 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...

Regulation
SVB’s Former Owner May Have to Wait to Claim $2 Billion
May 04, 2023

SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. 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,...

IPO
Johnson & Johnson Spinoff Kenvue Valued at $41 Billion in IPO
May 04, 2023

Johnson & Johnson’s consumer healthcare spinoff has made the biggest U.S. initial public offering (IPO) since 2021. 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...

Banking
Western Alliance Denies ‘Irresponsible’ Reports of Sale
May 04, 2023

Western Alliance says it will not be the next regional bank to go up for sale. 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...

Investments
Qatar-Based Snoonu Raises $12 Million to Continue Building Super App
May 04, 2023

Qatar-based eCommerce startup Snoonu has raised $12 million in a Series B funding round. 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...

Banking
Goldman Sachs’ Advisory Work With SVB Probed by Feds
May 04, 2023

Federal authorities are investigating Goldman Sachs’ work with Silicon Valley Bank ahead of its collapse. 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...