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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

But for non-essential retail, stepping up takes more commitment, risk and money. It’s in the non-essential category that true retail heroes are showing up amid the coronavirus pandemic. 1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.

Retail 167
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Polish Investors Hopeful For eCommerce After Allegro IPO

PYMNTS

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu Online retailer Allegro.eu

ATM 243
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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

PYMNTS

Singapore’s FinTech firm ADVANCE.AI , Hong Kong’s financial services company Sheng Ye Capital and Singapore’s firm Phillip Capital are the most recent in a series of contenders for critical business permits in Singapore. Their holders can take deposits from retail customers, but must have $1.5

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. What’s next for automaker-backed venture capital firms? Ridesharing. What’s New.

Capital 109
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Leadership and board members. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Focus on developers.

Online 98
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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

For startups, 2016 wasn’t the best year in venture capital. VCs used 2016 to manage costs, set priorities and valuations,” explained Rahul Khanna, managing partner at Trifecta Capital, in an interview with Business Standard published Wednesday (Dec. The Asia-Pacific region scored again with Tjaara’s funding worth $1.2

Fintech 100
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Starbucks Announces Its CFO Is Retiring

PYMNTS

Starbucks CEO Kevin Johnson said in a statement, “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership,”. This is Starbucks’ second recent high-profile departure. ”

Seattle 100