PYMNTS

JANUARY 16, 2020

Close the door and buckle up – retail automotive sales are getting an upgrade. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. purchased fewer new vehicles in 2019 than in prior years, but spent more money to buy them.

Retail 131

Retail Detroit Video Online 131

PYMNTS

SEPTEMBER 29, 2020

Stripe led the round, and existing investors Y Combinator and Global Founders Capital participated, alongside a new investor, Bedrock Capital. By April, when the government had imposed lockdown measures, PayMongo saw thousands of retailers, including small entrepreneurs, restaurants and fast-food chains, signing up for its services.

Payments 300

Payments Capital Online Meeting 300

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

JULY 30, 2020

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. Among those numbers: Operating cash flow increased 42 percent to $51.2 billion for Q2 2019. billion in second-quarter 2019. Operating income increased to $5.8 billion compared with $36.0

Online 238

Online Capital Operations Video 238

PYMNTS

JULY 30, 2019

One of the biggest retail stories as we head into 2020 is how India is a battlefield of digital commerce, along with a hotbed of retail innovation. The eCommerce retailer is said to be working with Catamaran and has started hiring workers for the operation per unnamed sources, Reuters reported. Amazon’s Moves.

Retail 108

Retail social media eBook Report 108

PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported. Amazon on Thursday (Oct.

Retail 206

Retail Regional Policies Operations 206

PYMNTS

DECEMBER 7, 2020

Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues.

Capital 356

Capital Online Tools Lending 356

PYMNTS

JANUARY 7, 2021

Digitally native mattress and home goods brand platform Resident landed a $130 million investment headed up by Nexus Capital Management and Ion Crossover Partners with participation from Baron Capital Group in Q4 of 2020, according to a Thursday (Jan. percent in contrast to Q3 2019. 7) announcement.

Capital 217

Capital Strategy Branding Operations 217

PYMNTS

JANUARY 25, 2021

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

Fintech 254

Fintech Operations Tools Capital 254

PYMNTS

NOVEMBER 14, 2019

For many retailers, especially those focused on eCommerce, the next several weeks are crucial. and China adds both cost and complexity to operations, boosting the prices paid for inventory and denting margins. Clearbanc , which provides growth capital for online brands, said on Wednesday (Nov. The uncertainty continues.

Retail 100

Retail Capital Online Data 100

PYMNTS

JUNE 18, 2020

The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. percent for the first quarter of 2020, in comparison to a 3 percent rise in the same quarter of fiscal 2019, according to an announcement. In separate news, retailer Express Inc. percent to $482.8 million.

Branding 141

Branding Report Guidelines Retail 141

Bank Innovation

MARCH 19, 2019

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. Most [virtual assistants] are chasing reactive customer questions,” Dodelin told Bank Innovation. “We

Training 170

Training Capital Taxes Innovation 170

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. The new capital will help fuel hiring and other growth, the company said. Fraud Case Study.

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

JUNE 8, 2020

Founded in 1984, BinDawood operates 73 stores across Saudi Arabia with 10,000 employees. The company’s retail revenue exceeded $1 billion in 2019. GIB Capital and NCB Capital on the IPO. a hospital operator that raised 2.63 Additionally, it is planning to open 90 stores by the end of 2020. Moelis & Co.

Massachusetts 130

Massachusetts Capital Retail Operations 130

PYMNTS

JANUARY 14, 2021

The nationwide chain — which operates about 1,470 retail stores selling pet supplies and professional services like veterinary care — is changing its name to Petco Health and Wellness in conjunction with the listing. They bought the company from TPG and Leonard Green, who took the then-public pet retailer private 15 years ago. .

Puerto Rico 178

Puerto Rico San Diego Video Retail 178

PYMNTS

JANUARY 8, 2021

is a special purpose acquisition company (SPAC) “formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses,” according to the announcement. Acamar Partners Acquisition Corp. The company landed $305.6

Exercises 200

Exercises Retail Meeting Strategy 200

PYMNTS

NOVEMBER 14, 2019

SMBs have both less capital and less room for error when it comes to a proposed upgrade not living up to its billing. In its early days, Bulletin was often called the WeWork of retail – and though that particular reference point carries some issues as of 2019 , the basic conceptual comparison still holds.

Retail 101

Retail Innovation Branding social media 101

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. Mastercard also rolled out a service to help with working capital and automation.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

FEBRUARY 26, 2020

The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K. This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation,” said Doug Pertz, president and CEO of Brink’s.

Virginia 175

Virginia New York Operations Capital 175

PYMNTS

JANUARY 6, 2020

The businesses in Beyond Consortium represent a variety of business types including real estate, construction, mass transport, insurance and retail. At the end of 2019, Grab and Singtel , two digital app companies in Singapore, joined together to compete for the license. Ant has a capital commitment of $100 million.

Digital Banking 130

Digital Banking Groups Capital Industry 130

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

Conference 170

Conference Fintech social media Operations 170

Bank Innovation

APRIL 22, 2019

The Liftoff 2019 Mobile Finance Apps report, released earlier this month, showed that finance-focused mobile apps retain more users than retail, media, dating […].

Mobile 186

Mobile Report Industry Video 186

PYMNTS

JULY 14, 2020

The company, which operates in the U.S., Given the ongoing impacts from COVID-19 and the uncertain global economic conditions, we have continued to focus on preserving capital and maintaining a strong balance sheet.”. billion in 2019, a 112 percent increase. Afterpay Ltd. , Total sales were $11.1

Millennials 188

Millennials Capital Trends Report 188

PYMNTS

FEBRUARY 25, 2020

Kraft Heinz, one of the world’s prominent global food and beverage companies, operates Evolv through a team effort, involving food, startup and venture capital professionals. He said Fabric’s goal was to “change the game” in how businesses operate. Online sales still aren’t a huge force in grocery retail in the U.S.

Lending 130

Lending Retail Capital Operations 130

PYMNTS

DECEMBER 20, 2019

A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

Retail 133

Retail Data Maine Company 133

PYMNTS

FEBRUARY 6, 2019

Raisin , the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in venture capital funding, bringing the total amount it has raised to $200 million. in 2018 and plans to add two or more markets to the platform in 2019.

Capital 176

Capital Fintech Marketing Retail 176

PYMNTS

FEBRUARY 24, 2020

growth capital firm TCV, along with other existing investors that weren’t named in the emailed press release. The capital was secured by way of high customer demand and engagement, along with Revolut’s strong financial performance in the last two years. and roll out more banking operations across Europe.

Capital 130

Capital Security Lending Fintech 130

PYMNTS

AUGUST 27, 2020

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. operation in Culver City, California. percent over Q2 2019 and a 97 percent spike in eCommerce. Walmart is selling two of its online brands in a continuing goal to concentrate on its website. government regulators.”.

Los Angeles 144

Los Angeles Branding Arkansas Retail 144

PYMNTS

JULY 10, 2020

The nCino Bank operating system is a single, multi-tenant cloud platform that digitizes client onboarding, loan origination and deposit account opening across commercial, small business and retail lines of business. percent of total revenues) in 2019 and $38 million (65.4 million, or 74.7 percent of total revenues, up from $64.5

North Carolina 197

North Carolina Software Compliance Security 197

Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

Trends 218

Trends Fintech cryptocurrency Payments 218

PYMNTS

JANUARY 15, 2020

Retailers having a less than festive holiday season saleswise has become an increasingly repetitive storyline in early 2020, as the earnings results are rolling in and the revenue figures have been disappointing. The investment, however, doesn’t seem to have paid off – Target’s toy sales were about flat with 2018 in 2019.

Retail 130

Retail Branding Report US 130

PYMNTS

JANUARY 15, 2020

Retailers having a less than festive holiday season saleswise has become an increasingly repetitive storyline in early 2020, as the earnings results are rolling in and the revenue figures have been disappointing. The investment, however, doesn’t seem to have paid off – Target’s toy sales were about flat with 2018 in 2019.

Retail 130

Retail Branding Report US 130

PYMNTS

JUNE 15, 2020

Webrooming, before the pandemic, was a full-on retailing trend. But as the pandemic-driven digital shift gains traction, retailers have to be wondering if consumers will use websites to comparison shop for brick-and-mortar retail (webrooming) or whether they’ll go back to shopping retail to order online (showrooming).

Retail 175

Retail Survey Comparison Online 175

PYMNTS

JUNE 14, 2019

Pet retail is among the fiercest battlefields for both brick-and-mortar merchants and eCommerce operators. The retail chain is rolling out an online pet pharmacy and opening additional veterinary clinics. The retailer plans to bring its number of clinics to 100 from the current 21 in operation.

social media 194

social media Retail Community Mobile 194

PYMNTS

MAY 8, 2019

In that recent discussion with Karen Webster, Nussenbaum talked about how his company is bringing back-end marketplace services — which include merchandising and fulfillment tasks — to a host of retailers and brands in a variety of retail niches. The new goal for the two entrepreneurs? Marketplace Concept.

Retail 211

Retail Branding Online Operations 211

PYMNTS

DECEMBER 27, 2018

Canadian and European markets, Facebook said it will turn to expanding its service offerings in 2019 and beyond. We imagine that for Facebook, its fondest hope for 2019 is a quiet, boring and uneventful year. The rollout will be done in stages, spanning from the end of 2018 into 2019. Walmart Goes Big And Global.

Retail 123

Retail Online Cards United States 123

PYMNTS

SEPTEMBER 8, 2020

billion in August of 2019. Klarna offers a buy now, pay later (BNPL) online shopping service through which consumers make purchases from retailers in Klarna’s network without an upfront payment. The Swedish firm’s lineup of investors includes Sequoia Capital, Bestseller, Dragoneer and Commonwealth Bank of Australia.

Fintech 141

Fintech Online Retail Capital 141