PYMNTS

NOVEMBER 20, 2020

Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital. Ribbit Capital, a VC firm in the U.S. that focuses on early-stage firms, led the investment round. Stripe, the U.S.-based

Fintech 332

Fintech San Francisco Capital cryptocurrency 332

PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks.

Report 333

Report Fraud Strategy Retail 333

PYMNTS

FEBRUARY 12, 2019

But in 2017, the company took in capital at a valuation of $1.25 The company is seeking a debut in the latter half of the year, The Wall Street Journal reported. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.

Exercises 211

Exercises New York Report Capital 211

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. million in sales from selling 15,000 cases since its launch in 2019 — to build a strong digital presence. Worse yet, some analysts fear the triggering of break-lease clauses for retailers in malls if anchor stores leave.

Retail 259

Retail Meeting Branding Maine 259

Accenture

AUGUST 20, 2019

For the third straight quarter, Chase, Capital One and Synchrony led all issuers in purchase volume growth (over 10 percent YoY). Industry statistics (based on non-retail card issuers in scorecard section). Issuer scorecard ($billions)—Q2 2019. 1 Capital One is US consumer and small business credit cards and installment loans.

US 150

US Cards Capital Apple 150

PYMNTS

SEPTEMBER 29, 2020

Stripe led the round, and existing investors Y Combinator and Global Founders Capital participated, alongside a new investor, Bedrock Capital. By April, when the government had imposed lockdown measures, PayMongo saw thousands of retailers, including small entrepreneurs, restaurants and fast-food chains, signing up for its services.

Payments 300

Payments Capital Online Meeting 300

Bank Innovation

OCTOBER 25, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019.

UX 170

UX Capital Fintech Video 170

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses. Capital One takes over for Synchrony Financial , which had a nearly 20-year relationship with the retail chain.

Capital 156

Capital Cards Branding Conference 156

PYMNTS

OCTOBER 5, 2020

continues to capitalize on growth opportunities. percent stake in the Swiss duty-free retailer Dufry , Bloomberg reported on Monday (Oct. Dufry and Alibaba are also forming a joint venture in China that will combine Alibaba’s digital capabilities with Dufry’s travel retail business in that market. Alibaba Group Holding Co.

Retail 262

Retail Groups Capital Report 262

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177

Retail Marketing eBook Cards 177

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

Idaho 148

Idaho Conference Data Marketing 148

Bank Innovation

DECEMBER 6, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 6, 2019.

Video 243

Video Fintech Capital Customer Experience 243

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.

California 220

California Hawaii Arkansas Nevada 220

Bank Innovation

DECEMBER 13, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 13, 2019.

Strategy 243

Strategy Branding Video Marketing Strategies 243

PYMNTS

SEPTEMBER 21, 2020

The retail giant is starting “a fashion essentials-inspired brand for both men and women created by our in-house design team,” the company said in a news release. The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. billion in 2019. Today (Sept.

Branding 263

Branding Los Angeles Retail Online 263

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

FEBRUARY 26, 2020

As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. In a call with analysts, CEO and Founder Julie Wainwright noted that the company generated a GMV of $1.008 billion for the full year 2019. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year.

Groups 130

Groups America US Marketing 130

PYMNTS

MARCH 12, 2020

For retailers looking at stockouts, empty stores and the worst still to come, talk of recovery might seem premature. Retailers should first understand that the most stress is likely being placed on front-line employees and, if applicable, customer service reps. “All things must pass,” as George Harrison said.

Retail 131

Retail Resources America Software 131

Bank Innovation

FEBRUARY 18, 2020

billion in costs and reallocates capital away from underperforming units. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5

Strategy 243

Strategy US Taxes Capital 243

Bank Innovation

JANUARY 11, 2019

For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019. Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation.

Financial Technology 170

Financial Technology Technology Innovation Digital Banking 170

PYMNTS

JULY 30, 2020

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. billion for Q2 2019. billion in second-quarter 2019. Other capital expenditures went to fulfillment, transportation and investments in Amazon Web Services. billion compared with $36.0

Online 238

Online Capital Operations Video 238

PYMNTS

MARCH 10, 2020

Blockchain Co-Founder and CEO Peter Smith said per the report, “Institutional and retail investors have the same financial goals — grow wealth and manage risks — but the tools at their disposal are vastly different.”. In 2019, BlockFi announced that it had notched $18.3 million in a series A funding round led by Valar Ventures.

New Jersey 217

New Jersey Bitcoin Lending blockchain 217

PYMNTS

MARCH 31, 2020

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon , one of Russia’s largest online retailers, has been on a growth spurt over the last few years. million, according to Reuters.

San Francisco 189

San Francisco Capital Retail Online 189

PYMNTS

AUGUST 13, 2020

The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. Merchants pay $3.13 the prior year, by its measures.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

NOVEMBER 10, 2020

Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. households counted as unbanked in 2019. All this, Today in Data. 60% : Increase in share of purchases made with digital devices since March. 25% : Share of consumers who prefer wholly digital shopping experiences. 5.4% : Portion of U.S.

Retail 133

Retail Chicago Video Data 133

Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

Trends 218

Trends Fintech cryptocurrency Payments 218

PYMNTS

JANUARY 16, 2020

Close the door and buckle up – retail automotive sales are getting an upgrade. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. purchased fewer new vehicles in 2019 than in prior years, but spent more money to buy them. for both iOS and Android.

Retail 131

Retail Detroit Video Online 131

PYMNTS

JUNE 24, 2020

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.

Security 215

Security Capital Cards Report 215

PYMNTS

SEPTEMBER 21, 2020

21) announcement also gave the retail industry a look at how Walmart is now categorizing its executive team and online structure, stemming from a recent reorg. But in late August, it was revealed that the chain planned to divest Shoes.com to affiliates of private equity firm CriticalPoint Capital. billion in 2019 for a 9.5

Branding 226

Branding Retail Online Strategy 226

PYMNTS

SEPTEMBER 22, 2020

IRI has found that total eCommerce demand has significantly outpaced all other channels since COVID-19, and for June is up 86 percent compared to June 2019. The new emphasis on digital has also led to more collaboration with retailers. 30, despite the eCommerce channel being up 91 percent.

Company 140

Company Capital Resources Online 140

PYMNTS

OCTOBER 7, 2020

By the time retailers get to Black Friday , they will have worked through almost two months of sales events – both proprietary and otherwise – from competitors ranging from Amazon to Target to Walmart. In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2 Which leads to the second issue: trend lines.

Millennials 241

Millennials New York City Retail Study 241

PYMNTS

JUNE 29, 2020

are in talks with Sistema , one of the largest publicly traded companies in Russia, to purchase Ozon , the Russian online retailer, Reuters reported. We are satisfied with the unprecedented business growth rates demonstrated by Ozon in 2019,” Alexey Katkov, managing partner, said at the time. Amazon and SoftBank Corp.

San Francisco 232

San Francisco Capital Meeting Report 232

PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

Retail 206

Retail Regional Policies Operations 206

Bank Innovation

APRIL 22, 2019

The Liftoff 2019 Mobile Finance Apps report, released earlier this month, showed that finance-focused mobile apps retain more users than retail, media, dating […].

Mobile 186

Mobile Report Industry Video 186

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

Conference 170

Conference Fintech social media Operations 170

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. percent in Q3 2019. Founded in 2014, SA Company has evolved with the pandemic and is on its way to getting a capital investment and operational expertise from one of its venture capital and marketing partners, TZP Group. Those repeat shoppers made 11.3

Company 131

Company Retail Boston Capital 131

PYMNTS

JANUARY 25, 2021

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

Fintech 254

Fintech Operations Tools Capital 254