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Postmates To Hire More Engineers As It Expands In The Seattle Area

PYMNTS

The company is boosting the number of engineers it is hiring in and around the Seattle, Washington area. The delivery company has nine openings for engineers around Seattle, according to a report in GeekWire , citing job listings at Postmates. With that raise, it has a valuation of more than $1.85

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Luxury Brand Barneys New York Seeks Bankruptcy Protection

PYMNTS

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . However, the company hasn’t been immune from the same market conditions that sent Sears and Kmart into bankruptcy.

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Teacher-Focused Homebuying Startup Lands $7.5M

PYMNTS

Landed said it has helped 200 teachers so far in areas like San Francisco Bay, Seattle and Denver. Lofton said he imagines the real estate market, especially in the Bay area with a number of tech company IPOs on the horizon, will become even more difficult to navigate. “We try to stay flexible to people’s realities.

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Munchery Leaves Consumers, Vendors Out $6M

PYMNTS

That came after it shut down service in Seattle, Los Angels, and New York. Munchery had said it was planning to focus on its largest market, San Francisco, in an effort to become profitable, but that never happened. The company ceased operations in late January after laying off 30 percent of its workforce in May 2018.

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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

A young logistics startup that gives eCommerce brands same-day delivery capabilities just scored a major chunk of venture funding. million in a seed funding round led by VC firm PivotNorth Capital. Brands without local inventory can use Darkstore’s storage space to ship same-day. Just recently, the company scored $1.4

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Finastra launches embedded consumer lending solution

Bobsguide

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. The solution builds connectivity and relationships between financial institutions and the distributor organizations that embed lending solutions at merchants’ point-of-sale.”

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

Beyond New York, the retailer is planning to extend that experiential approach to partner locations, “offering the world that one-of-a-kind toy retail experience the brand is known for,” according to an announcement from the company, which is owned by ThreeSixty Brands. percent stake in Starbucks.

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