Getir, the Turkish grocery delivery company that soared in value during the pandemic, is reportedly grappling with the need to cut costs and restructure as demand for its services wanes. Investors are pushing for significant changes within the company, including asset sales and market exits,...
Wagestream, a financial well-being app focused on frontline workers, has raised 17.5 million pounds (about $21.8 million) in a funding round. That total includes an investment of 7 million pounds (about $8.7 million) by British Patient Capital alongside other co-investors, including Lombard Odier Investment Managers...
Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down a $150 million Series D-2 funding round. “This new funding will allow us to triple down on the next wave of innovation...
Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share after pricing at $88 per share Wednesday (April 17), Axios reported Thursday. The firm raised $577.3 million. Ibotta has raised...
AffiniPay has expanded the availability of its payment processing solutions for attorneys and accounting professionals to Puerto Rico. These solutions, LawPay and CPACharge, are already used by more than 80,000 law and accounting firms in the United States and Canada, the company said in a Thursday (April 18) press release....
Change Healthcare’s troubles are apparently not over. The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some customers, per a report by Reuters. According to that report, a fix had been found...
Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones. For instance, young social media users have flocked to fashion brand Edikted, which has roughly 600,000 followers on both Instagram...
House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, re-introduced legislation Wednesday (April 17) that would set up Financial Services Innovation Offices (FSIO) within each financial regulator. “Each FSIO will assess burdensome agency regulations...
Cart.com is working with Walmart Marketplace to simplify onboarding and help both new and existing sellers grow their sales on that platform. Customers using Cart.com’s multichannel management platform will be able to access special incentives across Walmart Marketplace’s shipping, advertising and repricing services as well...
