article thumbnail

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

PYMNTS

Even online merchants who offer customers extended warranties at the time of sale traditionally see about a 4 percent or 5 percent conversion rate. Meritech Capital led the funding round, with participation from existing investors Great Point Ventures and Shah Capital Partners.

Online 334
article thumbnail

Peloton Rival Equinox Snags Funding From Silver Lake

PYMNTS

Luxury gym operator Equinox has secured funding from Silver Lake, an equity firm, in its continuing bid to compete with exercise giant Peloton, according to a report by Bloomberg. The real game changer is a plan to introduce a SoulCycle bike that’s made for use at home, which will be a direct challenge to Peloton’s own home exercise bike.

Exercises 136
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon Focuses On Fulfillment After Another Record-Setting Quarter

PYMNTS

Amazon earnings announcements in 2020 have become an exercise in financial superlatives. It was almost a given that the company would post another such exercise for the third quarter as the pandemic has driven consumers online, 44 percent of which it lays claim to. It did not disappoint. In Q2, Amazon set aside “$4.0

Exercises 135
article thumbnail

ClassPass CEO On Getting The Fitness Industry Back Into Fighting Shape

PYMNTS

But CEO Fritz Lanman of ClassPass , a platform for online and in-person fitness classes, told Karen Webster that digital offerings have partly filled a hole — albeit not completely — for consumers unable to get to their gyms. What we are hearing from our customers is that they’re dying to go back to studios,” Lanman said.

Industry 207
article thumbnail

Examining industries: The importance of industry analysis for financial institutions

Abrigo

Are there high capital or technological costs? Books are easier to buy online than in a store, for example, which may impact your decision to bank a new bookstore. These questions and considerations can guide your financial institution to a better understanding of industry markets in your area. Are there many regulatory requirements?

Analysis 195
article thumbnail

Buffett Bids On Yahoo

PYMNTS

Berkshire Hathaway seems to be backing the financing for this exercise in a move similar to its role in 3G Capital’s takeovers of H. Former senior Yahoo executives, Dan Rosensweig, chief executive of education company Chegg, and Tim Cadogan, head of online advertising platform OpenX, are both advising Team Gilbert.

Cleveland 100
article thumbnail

What if it’s a perfect storm? Stronger evidence that insurers should account for co-occurring weather hazards

BankUnderground

By better modelling how this relationship might raise insurers’ capital risk we can more firmly argue that insurers’ model assumptions should account for key dependencies between perils. Taking whole years, we investigated how the level of capital required to remain solvent is affected. Error bands are 95% confidence. (b)

Capital 81