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Autonomous Retail Startup AiFi Secures $30M Total Funding

PYMNTS

Silicon Valley checkout-free, autonomous retail startup AiFi has secured a new round of funding, bringing its total raised to $30 million, the company said in a press release on Monday (Oct.

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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship

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Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The significance of this is two-fold.

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Big Week Ahead For Retail Data

PYMNTS

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.

Retail 216
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Vitamin Retailer GNC Files ‘Prepackaged’ Chapter 11 Plan

PYMNTS

The retailer, along with Harbin Pharmaceutical Group Holding Co., and a sizable majority of supporting secured lenders, have come to a deal “in principle” for a sale of GNC’s business. The retailer, along with Harbin Pharmaceutical Group Holding Co., At that time, improved bids can be brought forward.

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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

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Merchants And The Big Retail Reset

PYMNTS

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. Access to capital has been tough for everyone in this environment,” McNicoll said. Ultimately, the luggage company secured a working capital loan from Payoneer to help finance its pivot.

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Zopa Secures UK Banking License

PYMNTS

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) to become a challenger bank.

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