Новости за 10.11.2021

Payitoff, an automated student loan management company serving the FinTech sector, has generated $8.5 million in a seed round, according to a Wednesday (Nov. 10) press release. Led by Lightspeed Venture Partners, the round saw participation from Sound Ventures, Struck Capital and Social Leverage, in addition to a number of angel investors, per the announcement. […]

It’s been a busy year for Flutterwave, as it pursues an aggressive expansion strategy geared toward cementing its place as the leading pan-African payments technology company. The Silicon Valley-based startup announced on Wednesday (Nov. 10) that it has acquired Disha, a Nigerian platform that allows digital creators to curate and receive payments from their content […]

Corporate misconduct and white-collar crime are on the radar of the U.S. Department of Justice (DOJ), with new Deputy Attorney General (DAG) Lisa Monaco introducing several policies and forming a Corporate Crime Advisory Group to make further recommendations. The intra-agency advisory group will be comprised of representatives from every part of DOJ involved in corporate […]

The media and technology company BBTV has launched a service called Fast Pay, designed to expedite monthly payments for creators.  “Following registration to BBTV Fast Pay, creators will receive their current and next month of earnings for their first pay period, providing up-front capital that can be used to invest in content creation and growth,” […]

Cryptocurrencies are quickly finding favor as digital assets with diverse applications. B2B companies, financial institutions (FIs) and FinTechs alike are eyeing their potential as a rising number of companies tap virtual currencies. More and more companies are seeking solutions that can help them make easy, swift payments no matter the market. Using digital assets can […]

The U.K. FinTech Finastra is working with the IT services firm Hexaware to provide managed services for Finastra’s cloud-based payment solutions. “The move helps Hexaware customers in Germany, Belgium, the U.K. and Ireland take ownership of their payment infrastructure,” the two companies said in a news release on Wednesday (Nov. 10). “The partnership brings together […]

Restaurant-technology startup Presto will have a valuation of about $1 billion when it goes public through special purpose acquisition company (SPAC) Ventoux CCM Acquisition Corp., the companies told The Wall Street Journal Wednesday (Nov. 10).  The $170 million Ventoux CCM SPAC, which is led by former hospitality execs and backed by investment bank Chardan Capital […]

FinTech firm CellPoint Digital has expanded its joint effort with Cebu Pacific Air to enable split payments and currency conversion for customers of the Philippines-based airline, according to a Wednesday (Nov. 10) press release.   Founded in 1988, Cebu Pacific has flown more than 22 million passengers to more than 60 destinations in 2019.  Following the […]

Owners of Freightliner Cascadia big rigs can now equip them with their choice of software and apps, using the new Virtual Vehicle subscription service announced Tuesday (Nov. 9), Freightliner’s parent company, Daimler Trucks North America, (DTNA) and internet-of-things (IoT) company Platform Science announced. An open platform, Virtual Vehicle enables fleet owners to access telematics, software […]

For consumers who use services like PayPal, Venmo or Square to conduct business, next year’s tax season could be a lot more complicated. As CNN reported on Wednesday (Nov. 10), these payment app providers will need to start reporting customers' business transactions — that is, payments for goods or services — to the IRS if […]

DoubleVerify, a company that helps its clients make sure their ads do not run in places featuring objectionable material, is purchasing OpenSlate for $150 million. As The Wall Street Journal reported Wednesday (Nov. 10), the purchase is part of a larger effort by DoubleVerify to expand its offering. OpenSlate similarly helps marketers ensure their ads […]

Corporate transportation company Gett is closing in on a special purpose acquisition company (SPAC) merger with Rosecliff Acquisition Corp. I, which is backed by Rosecliff Venture Management LLC, people familiar with the situation told The Wall Street Journal for its report Tuesday (Nov. 9).  London-based Gett offers on-demand ride-hailing, taxi and limousine booking options in […]

China-based FinTech Tencent Holdings Ltd. cited “new regulatory and macroeconomic developments” as catalysts for the company’s lackluster 3 percent revenue increase in the third quarter of 2021, according to an unaudited financial performance analysis on the company’s website. The quarterly increase marks the company’s lowest revenue boost since it went public 17 years ago, according […]

As growth stocks continue their heady (but never completely steady) climb on Wall Street, the question remains: When are triple-digit gains not enough? Upstart Holdings, an online lending platform underpinned by artificial intelligence (AI), reported results on Wednesday (Nov. 10) after the market closed that showed triple-digit percentage gains across most metrics. On Wednesday morning, […]

President Joe Biden spoke with chief executives from Walmart, Target, UPS and FedEx on Tuesday (Nov. 9) in an effort to get more merchandise moving faster, as snarled supply chains and shipping delays continue to concern retailers, consumers and others as the holidays approach. Illustrating the perfect storm of supply and cost issues, on Wednesday […]

Rivian Automotive opens Wednesday (Nov. 10) on Nasdaq under the ticker symbol RIVN, floating 153,000,000 shares of Class A common stock at an initial public offering price (IPO) of $78 per share. The offering is expected to close on Nov. 15. The gross proceeds from the offering before expenses and commissions are anticipated to be […]

Nearly two years of pandemic life has left many people in need of a new wardrobe, whether it’s because styles have changed or sizes have fluctuated, and with plenty of binge-worthy TV shows to discuss. And though consumers can’t yet buy a replica of Joe Exotic’s bedazzled cross shirt, Netflix is now offering plenty of […]

President Joe Biden on Tuesday (Nov. 9) met with leaders from Walmart, United Parcel Service, FedEx and Target, according to a Reuters report, in an effort to expedite deliveries and lower prices for consumers during the ongoing supply chain snafu that’s hindering all segments of the global economy. Biden said in a video posted to […]

Peloton on Tuesday (Nov. 9) announced its first connected strength product, an artificial intelligence-enabled device dubbed Peloton Guide, as the company faces plummeting market value in the face of slowing revenue and subscriber growth. Peloton Guide connects to televisions to give members access to instructors and the Peloton content library. It also includes the Peloton […]

Resale marketplace Poshmark reported lower-than-expected sales in the third quarter as the company grapples with the impact of Apple’s privacy changes in its iOS system, the latest digital firm to note a setback because of the update. Manish Chandra, founder and CEO of Poshmark, said the company has been forced to increase its marketing spend […]

For restaurants, back-office tasks have always been a chore. Assimilating invoices, getting them ingested into the general ledger and accounting systems, facilitating the payments back to suppliers — it’s all very labor-intensive. The pandemic and resulting labor shortage have only heightened the challenge, and restaurants are finding that they just can’t find the people they […]

Giving nurses (and even novices) the ability to perform a cardiac ultrasound with the precision that only artificial intelligence (AI) can provide is opening a world of new use cases that can save lives, transform patient experience, and create greater connected healthcare potential. With heart disease the leading cause of death in the U.S., Caption […]

To thrive in the age of eCommerce, online marketplaces that match up supply and demand need to inspire confidence that they can move money across borders seamlessly. Each market has its own payment preferences and its own compliance hurdles to clear in order to ensure that platforms can do business in new markets, unimpeded and […]

The collapse in income following the pandemic’s onset in March 2020 sent a shockwave through the travel and tourism sector. Large travel and tourism firms in the United States — those with at least $100 million in annual revenue — had 44% of their bookings either rescheduled or canceled. The result was a mad scramble […]

It’s a little-known quirk of the system, but many of the paper checks small- to medium-sized businesses (SMBs) receive actually start out as online bill payments made by their customers. This digital downgrade, if you will, is often the result of customers entering incorrect data into their payment request, perhaps using an alias or leaving out […]