In today’s top news, ResTech platform Olo prices its initial public offering (IPO), and PayPal agrees to acquire Israeli crypto security firm Curv. And as it prepares for its IPO, Deliveroo reports millions in 2020 losses.
ResTech Platform Olo Orders Up IPO; Could Raise $300 Million
New York City-based Olo announced plans for its initial public offering (IPO), pricing its IPO between $16 and $18. The platform, which helps restaurants manage online ordering and delivery, will offer 18,000,000 shares of Class A common stock.
PayPal Finalizes Deal To Acquire Crypto Security Startup Curv
PayPal has agreed to acquire Israeli cryptocurrency security storage startup Curv. Last year, PayPal started accepting cryptocurrencies, and recently developed a division that will solely focus on blockchain and digital assets. Curv will be part of that new entity.
Deliveroo Unveils IPO Plan; Says Consumer Spend On Platform Could Drop 50 Pct
London delivery giant Deliveroo could go public on the London Stock Exchange as soon as April, regardless of posting 2020 losses totaling $309 million. Despite being in the red, the company reported that sales grew 54 percent to 4.1 billion pounds last year.
Amazon Takes $131 Million Minority Stake In Air Cargo Contractor
Amazon has taken a minority stake in Air Transport Services Group (ATSG), the air freight partner working with most of its aviation logistics unit. Amazon Air, the eCommerce giant’s cargo arm, is doing well these days and is on pace to double its size by this June.
Rare Carat Uses AI To Polish Off Credit Card Fraud
Diamonds are a fraudster’s best friend, where credit card fraud for those purchases accounts for more than $27 billion in annual losses. In this month’s Digital Fraud Tracker, PYMNTS talks with Apeksha Kothari, chief operating officer of diamond ring eTailer Rare Carat, about how the company stops credit card fraud from taking the shine out of online diamond purchases.
QR Codes Gain Clarity As Travel Retail’s New Conversion Play
Airport retailers have little time to serve travelers running to their gates, so payments and checkout must be fast and efficient. In this month’s QR Code Payments Tracker, Matthew Greenbaum, vice president at duty-free retailer International Shoppes, discusses how QR codes have become a key tool for improving conversion rates.
Dorsey Tweet Auction Makes Crypto A Household Word
Yes, he’s selling his first tweet for untold millions. But the current run of crypto-collectibles is about much more than Jack Dorsey making a few bucks. More people know who he is, we would argue, than have actually dabbled in or embraced buying cryptos or, specifically, bitcoin. So could this be less about the money and more about making crypto more of a household word?
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