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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported.

Boston 151
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Tracksmith: Taking DTC Running From Heartbreak Hill To The Global Market

PYMNTS

Boston is home to the world’s “statement race” — the Boston Marathon. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. Bostonians take their running seriously.

Boston 175
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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

The COVID-19 crisis is shaking up the food industry as the pandemic and customers’ fears force more such businesses to get into emerging areas, such as “contactless” food delivery. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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Adopting Technology Without Eclipsing Human Interaction

PYMNTS

Quick-service restaurants (QSRs) are intensely competitive and have very little margin for error, causing many to employ technologies such as mobile apps and self-service kiosks. Diners want such innovations, too, and are turning so sharply to mobile food orders that the global food delivery mobile app market could rise to $16.6

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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

The technology enables more intelligent decisions when it comes to identifying and predicting fraud by providing a meta analysis of attacks, allowing QSRs to create fraud profiles and determine where threats may be located.

Mobile 289
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Chargeback Fears Prompts Delay Of Merchant Funds

PYMNTS

In an email, Square told Tamara Hudson , Bluebonnet’s owner, the decision was based on the fact that she works in an industry where payment disputes are common, and she hasn’t been using Square’s service for very long, the newspaper reported. Hudson told WSJ she plans to drop the company.

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Carmageddon: The Downshifting of America’s Auto Industry

Gonzobanker

The American auto industry is on the verge of a bubble that is ready to pop. According to an estimate by Boston Consulting Group, “One-quarter of miles driven in the U.S. Over the last five years, banks and credit unions have been loosening underwriting policies to maintain competition in the growing auto market.

Industry 105