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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. and Spotify Technology SA, posted €192.5 The Dutch company, which processes payments for Netflix Inc., million ($219 million) in net revenue for the six months ended December.

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Ahold Delhaize Bolsters Investment In eCommerce

PYMNTS

As COVID-19 leads more customers to purchase groceries through the web, Stop & Shop owner Ahold Delhaize NV is putting more resources toward online shopping operations. The company owns the Peapod eCommerce grocery offering in the United States in addition to click-and collect offerings, The Wall Street Journal reported.

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Yandex, The Russian Google, Has 15-Minute Grocery Delivery 

PYMNTS

Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. Yandex launched 20 years ago as a search engine Google with a variety of online services, including ride-hailing and restaurant deliveries.

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Grocers Bolster Delivery Efforts With Small Warehouses

PYMNTS

and other companies are creating small fulfillment centers close to locations already in existence and shoppers to fulfill eCommerce orders fast, The Wall Street Journal reported. with the help of Takeoff Technologies Inc. with the help of Takeoff Technologies Inc. Walmart, Albertsons Cos. and South San Francisco, Calif.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

billion) for its investors in the biggest technology IPO in Europe so far this year. Instead, its shareholders are selling their stock,” CNBC reported. ABN Amro Bank NV , BofA Merrill Lynch and Citigroup were appointed as joint bookrunners. The company had raised €947 million ($1.1 The Dutch firm is not issuing new shares.

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The Race For Online Grocery Shopping Heats Up

PYMNTS

Kroger’s digital sales shot up 92 percent in Q1, PYMNTS reported. Stop & Shop owner Ahold Delhaize NV announced plans earlier this week for putting more resources toward online shopping operations. the Seattle Times reported. Ahold Delhaize’s Latest Moves . Ahold intends to outfit roughly 1,100 U.S.

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Reimagine your business in the era of AI at Think 2018

Insights on Business

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. The event brings business and technology together and will give you access to industry leaders who know more about the newest, future-leaning, world-changing technologies than anyone else.