PYMNTS

article thumbnail

Second Share Purchase Deal Values POS Startup Toast At $8B

PYMNTS

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. A Toast spokesperson told CNBC on Tuesday (Nov. 24) that, “in order to support our employees and former employees as they navigate the impact of Covid-19, we did complete a secondary offering recently.” .

Boston 231
article thumbnail

Digital Bank HMBradley Raises $18.25M To Accelerate Credit Program

PYMNTS

Digital banking platform HMBradley announced on Tuesday (Nov. 24) that it has raised $18.25 million in a Series A funding round to accelerate its credit program. The funding, which was led by Acrew Capital , will also be used to expand its customer offerings, the bank said in a press release emailed to PYMNTS. HMBradley, described as “a digital banking platform for savers,” rewards account holders based on how much of their deposits they save each month, paying up to 3 percent interest on saving

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Merchants Break Out Omnichannel Innovations To Maintain Sales Through 2021

PYMNTS

The COVID-19 pandemic shocked many small U.S. businesses when it hit in the early spring and sent them scrambling to continue reaching customers and generating revenues. These merchants have spent months considering their approaches and testing new ideas, and they are now better prepared to make the operational adjustments necessary to reduce the spread of the virus and to address weather-related challenges.

article thumbnail

Deep Dive: Why QSRs Should Lean On Loyalty To Personalize Mobile, Online Dining

PYMNTS

Consumers were unwilling to give up their favorite restaurants during the first few months of the COVID-19 pandemic, and this trend has continued eight months into the health crisis. Recent PYMNTS research found that 31.6 million U.S. consumers shifted from dining in to ordering out when the pandemic began and approximately 26 million of these customers plan to keep ordering food online once it ends. .

Online 142
article thumbnail

What SaaS's Business Model Evolution Means For B2B Payments

PYMNTS

The B2B Software-as-a-Service market has followed a fairy unique evolutionary path over the last few decades. Built with its foundations largely in the enterprise world, software first began being sold to organizations as more of a product, licensed one time to be used on-premise. But as the software ecosystem bled into the consumer world, new business models emerged that continue to shape the way the B2B space buys and pays for technology today.

Payments 151
article thumbnail

Banks Embrace Direct Data Integrations For SMB Services

PYMNTS

U.S. Bank is shifting away from screen scraping in favor of direct data connectivity, but it's not the only financial institution (FI) embracing the data strategy. This week's look at the latest in bank-FinTech collaborations explores how a range of banks is turning to partners and API connectivity to enhance small business services, from lending to payments.

Data 151
article thumbnail

Why Digitization Isn't Enough For A Positive B2B eCommerce Experience

PYMNTS

While the business-to-consumer (B2C) eCommerce boom has arguably already occurred, the global pandemic is introducing a second wave of digital commerce adoption. Thanks to social distancing and stay-at-home requirements, foot traffic at brick-and-mortar stores remains slumped, leaving businesses to embrace the eCommerce model like never before. But this isn't a trend reserved for the B2C space anymore.