VCs Place Bets on Businesses Seeing Value in Embedding Payments Into Software
VCs Place Bets on Businesses Seeing Value in Embedding Payments Into Software
March 02, 2023  |  Startups

In today’s economic environment, reaching profitability is considered a badge of honor. And that means FinTechs and startups that have yet to achieve that holy...

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CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
March 01, 2023  |  Earnings

There are plenty of bumps in the road for auto sales. Inventory is improving but is still constrained, and inflation continues to keep car prices...

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DoorDash and Chase Count on Convenience to Drive Rewards Card Spend
DoorDash and Chase Count on Convenience to Drive Rewards Card Spend
March 01, 2023  |  Aggregators

DoorDash has launched a co-branded credit card as aggregators work hard to gain ground. The San-Francisco-based company Wednesday (March 1) launched its DoorDash Rewards Mastercard,...

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BNPL Firm Zip Exiting Most Markets and Selling Assets as Stock Plummets
BNPL Firm Zip Exiting Most Markets and Selling Assets as Stock Plummets
March 01, 2023  |  Buy Now Pay Later

Exactly one year ago buy now, pay later (BNPL) firm Zip entered a definitive agreement to acquire rival Sezzle. Fast-forward to Wednesday (March 1), and...

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FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B
FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B
March 01, 2023  |  Security & Fraud

Fraud has a price tag — and it keeps going up. As reported by the Federal Trade Commission last week, consumers lost $8.8 billion last...

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Vesta CFO Says Evolving Consumer Consumption Habits Drive Global Growth
Vesta CFO Says Evolving Consumer Consumption Habits Drive Global Growth
March 01, 2023  |  Security & Fraud

Fraud is a two-way street, eating away at merchant bottom lines while also disrupting the end-user experience. “As people increasingly do business and transact online,...

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Revolut User Base Grows Alongside Auditor Warnings
Revolut User Base Grows Alongside Auditor Warnings
March 01, 2023  |  Digital Banking

All-in-one FinTech platform Revolut’s first full year of profit is now coming under question. This, as the company’s auditor BDO LLP warned that Revolut’s 2021...

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Czech Government to Create $58M AI Research Fund
Czech Government to Create $58M AI Research Fund
March 01, 2023  |  artificial intelligence

The Czech Republic is creating a venture capital fund to back artificial intelligence (AI) research. The $58 million government-backed fund, set to be managed by...

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Ring Founder Siminoff Steps Down to Become ‘Chief Inventor’
Ring Founder Siminoff Steps Down to Become ‘Chief Inventor’
March 01, 2023  |  Personnel

The founder and CEO of Amazon’s Ring says he’s stepping down. Jamie Siminoff announced his departure in an entry on the video doorbell company’s blog...

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