PYMNTS

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Wardrobe Expands Fashion Rental Concept With New Acquisition

PYMNTS

After launching one of the more innovative business models in the digital-first space, fashion rental platform Wardrobe is expanding. With its recent purchase of Dallas-based Rent My Wardrobe, it is gaining a geographic footprint in the southern U.S. and expanding its presence in what its founder calls the “peer-to-peer” fashion space. “The acquisition came together very quickly, and made a lot of sense,” Wardrobe CEO and Founder Adarsh Alphons told PYMNTS.

Dallas 247
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N26 Introduces New Subscription Money Management Tools

PYMNTS

FinTech, digital banking, saving, N26, banking, news, what's hotGerman FinTech N26 is launching a subscription-based digital banking suite to help individuals and businesses better manage their savings and spending. The premium subscription solutions — N26 Smart and N26 Business Smart — integrate new money management features like Round-Ups and dedicated phone support.

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FinTech Plaid Teams With Banking Platform Jack Henry

PYMNTS

FinTech startup Plaid is partnering with banking platform Jack Henry & Associates to advance the Plaid Exchange for more than 350 financial institutions (FIs). “We developed Plaid Exchange to make open finance as simple as possible for financial institutions — no matter their size,” Niko Karvounis , Plaid head of product, institutions said in a statement on Tuesday (Nov. 24).

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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.” .

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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

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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.

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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.

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