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Will Exercise Junkies ‘Save’ The Smartwatch?

PYMNTS

In fact, the smartwatch industry remains very much a niche and specialized market, one that Apple and other brands and retailers have not done a very good job capitalizing on or monetizing so far. So, if the smartwatch has a future — and companies like Apple are praying that it does — maybe it’s with the uber-fit exercise junkies?

Exercises 100
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Tonal Seeks More Funding To Produce $3K Home Workout Stations

PYMNTS

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry.

Exercises 233
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CarLotz Gets Go-Ahead From Its Shareholders For Merger With SPAC

PYMNTS

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
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Today In Payments Around The World: Visa Debuts Europe FinTech Partnership Program; Payments Canada Teams With Mastercard’s Vocalink 

PYMNTS

Visa is launching a new program designed to connect European FIs and retailers with state-of-the-art digital payment services. Railsbank, the British Banking-as-a-Service (BaaS) upstart, completed a $37 million funding deal co-led by Ventura Capital and MiddleGame Ventures. Plus, Railsbank has closed a $37 million funding deal.

Payments 142
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Casper IPO Could Result In Diminishing Returns For Target

PYMNTS

Target’s venture investment in mattress company Casper could prove to be a case of overspending for the retail giant. Its initial public offering (IPO), set to come next week, is set to be below its past two private venture capital fundraising rates. million if underwriters exercise their options.

Exercises 131
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Casper IPO Could Mean Reduced Value For Prior Investors

PYMNTS

Target’s venture investment in mattress company Casper could prove to be a case of overspending for the retail giant. Its initial public offering (IPO), set to come next week, is set to be below its past two private venture capital fundraising rates. million if underwriters exercise their options.

Exercises 130
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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

Retailers] are seeing double-digit higher conversion rates when an extended warranty is shown – not on the extended warranty, but conversion rates on the product itself,” Levin said. “We Meritech Capital led the funding round, with participation from existing investors Great Point Ventures and Shah Capital Partners.

Online 334