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Flywire Raises $120M, Acquires Simplee Healthcare Tech Startup

PYMNTS

This funding round brings the company’s total capital investment to $260 million. Tiger Global Management and Adage Capital Management also joined the round as new investors, with participation from existing investors. percent from 2019-2028 and is expected to comprise a $2.5

Boston 130
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How Federal Debt May Impact Banking

South State Correspondent

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050.

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Study Finds Trucking Company Bankruptcies Increased In 1H 2019

PYMNTS

The shortage could top 100,000 drivers in five years and 160,000 drivers in 2028. And yet, Supply Chain Dive reported this week that the number of trucking companies that have shuttered has more than tripled so far in 2019 to 640 trucking companies, according to data from Broughton Capital.

Company 123
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Fostering Payments Trust In A Global Freelance Economy

PYMNTS

talent pool by 2028. That said, freelancers and contractors typically don’t have the same opportunities as traditional businesses in terms of accessing working capital. Freelancers and contractors don’t have the same kind of opportunities as traditional businesses in terms of accessing working capital,” he said.

Payments 273
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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

percent through 2028, according to Boston Consulting Group. The firm has 1,300 employees across offices in seven states and is distinguished as a global FinTech unicorn. Revenue growth in the business payments sector is expected to grow by around 5.6

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows. There is more virtual buying and a lot more reliance on virtual workflows, [as well as a sizeable opportunity] for businesses to capitalize on B2B payments.”.

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Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

The secondhand economy is projected to reach $64B by 2028, according to CB Insights’ market sizing tool. It emphasizes access rather than ownership and capitalizes on the sharing economy, providing consumers a budget-friendly way to wear expensive designer items while maximizing the life cycle of the clothing. Source: ThredUp.