Hazeltree has secured a $14 million strategic investment to grow its treasury and liquidity management technology for the alternative asset and investment management industries. “This investment will fuel Hazeltree’s growth through expanding customer success and support, scaling our commercial model and innovating across our product...
Internet access is the foundation of any digital economy. Without it, there can be no digital transformation, which explains why expanding coverage has been a central pillar of national digitization strategies the world over. In the East African state of Uganda, internet penetration has experienced...
Premium air travel provider Aero Technologies has raised $65 million in Series B financing to grow its offering and expand into new markets. As a public charter operator and indirect air carrier, Aero offers premium leisure travelers semi-private air travel with seats on 16-seat aircraft...
Egypt’s manufacturing sector is not known for its high degree of specialization in electronics, and like many others, the country has traditionally relied heavily on imports for its technology. In a recent interview with PYMNTS, Dr. Tamer El-Hussainy, CEO of Egyptian payments company Damen, highlighted...
The workout — once the province of the home or the gym — is now, fully and perhaps forever, omnichannel. Which leads to the question as to whether fitness junkies will remain wedded to the software/hardware bundle that has sustained, perhaps most notably, the likes...
Luxury stationery bicycle- and treadmill-maker Peloton is cutting jobs and prices, and requiring employees to return to working in company offices three days per week, according to a memo from the company’s CEO to employees obtained Friday by media outlets. The changes are intended “to...
In the “Benchmarking the Digital Transformation” report, PYMNTS found that 83% of Brits owned a smartphone, the second highest when compared to data from the other 10 countries studied. That same report revealed that a third of online U.K. consumer transactions used a mobile wallet,...
As a member of a family that’s been in the automotive salvage business for four generations and almost 100 years, APFusion Founder and CEO Alex Smith has seen firsthand how things are done in the industry. There’s opportunity for technological advancements in all aspects of...
PYMNTS recently reported on the state of the FinTech ecosystem in the Kingdom of Saudi Arabia (KSA) as part of a series on the Gulf Cooperation Council (GCC). That report highlighted the integral role that the kingdom’s financial authorities have played so far in cultivating...