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KKR to Transfer Majority Stake in Unzer to Creditors
KKR to Transfer Majority Stake in Unzer to Creditors
August 04, 2023  |  Markets

Private equity firm KKR is reportedly set to transfer payments firm Unzer to a group of creditors. The debt providers Alcentra Asset Management, Goldman Sachs Asset Management and Partners Group have agreed in principle...

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TikTok Eyes Indonesian Payments License to Boost eCommerce Business
TikTok Eyes Indonesian Payments License to Boost eCommerce Business
August 04, 2023  |  eCommerce

TikTok is reportedly in early-stage talks with Indonesian regulatory authorities to obtain a payments license. The ByteDance-owned social media platform’s application has been favorably received by Indonesia’s...

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Online Review Firm Yelp Sees 13% Hike in Net Revenue for Q2
Online Review Firm Yelp Sees 13% Hike in Net Revenue for Q2
August 03, 2023  |  Earnings

Yelp Inc. has delivered a record-breaking performance for its second quarter results released Thursday (Aug. 3).  According to their earnings report, the online business reviews company saw...

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Robust Leisure Travel Demand Drives Booking Holdings’ Q2 Performance
Robust Leisure Travel Demand Drives Booking Holdings’ Q2 Performance
August 03, 2023  |  Earnings

Online travel company Booking Holdings reported strong results for the second quarter, driven by robust leisure travel demand and a focus on artificial intelligence (AI) technology. “I...

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BigCommerce Taps AI to Drive Sales, Improve B2C, B2B Customer Experience
BigCommerce Taps AI to Drive Sales, Improve B2C, B2B Customer Experience
August 03, 2023  |  Earnings

In second quarter financial results announced Thursday (Aug. 3), BigCommerce said it reached profitability on an adjusted pretax basis in June, while delivering positive free cash...

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Wish Reports 42% Decline in Q2 Revenue, Blames Competition
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023  |  Retail

The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition...

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Couple Plead Guilty to Money Laundering After Bitfinex Hack
Couple Plead Guilty to Money Laundering After Bitfinex Hack
August 03, 2023  |  Cryptocurrency

A married couple from New York City have pleaded guilty to money laundering and conspiracy charges stemming from the hack and theft of 120,000 bitcoin...

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Cuba Implements Regulations to Combat Inflation and Off-the-Books Economy
Cuba Implements Regulations to Combat Inflation and Off-the-Books Economy
August 03, 2023  |  Regulation

The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of...

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PHX Ventures to Invest in Arizona’s High-Growth B2B Software Companies
PHX Ventures to Invest in Arizona’s High-Growth B2B Software Companies
August 03, 2023  |  Commercial Payments

PHX Ventures has announced an over-subscription of its second fund at $25.4 million to invest in Arizona’s high-growth B2B software companies. Founded by software entrepreneur Gregg Scoresby,...

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