In today’s top news, Amsterdam-based FinTech Mollie raised $800 million; DoorDash and Albertsons have teamed up for fast grocery delivery. Plus, Soho House is going public.
Amsterdam Payments Firm Mollie Notches $800M Led By Blackstone
Amsterdam payments firm Mollie raised $800 million in a Series C funding round, valuing the company at $6.5 billion, making it one of the five most valuable FinTechs in Europe.
DoorDash, Albertsons Team Up For One-Hour Grocery Delivery
DoorDash has partnered with grocery chain Albertsons Companies to provide one-hour grocery delivery from almost 2,000 stores of the grocer’s stores. Is this the first shot against Instacart?
Soho House IPO Lifts Velvet Rope On Members-Only Businesses
The parent company of private eating and drinking club Soho House is going public at a time of rising demand for exclusivity, and lesser interest in issues such as operating losses.
Disneyland Swaps Annual Passes For ‘Superfan’ Memberships
The Anaheim-based theme park is doing away with its annual pass program, and according to reports, the replacement will be a subscription membership program, a model that is designed to attract a broader array of visitors.
Report: AI Helps Chipotle Stop Account Takeover Fraud Without Tipping Off The Fraudsters
Quick-service restaurants (QSRs) face a conundrum: They must safeguard their mobile ordering platforms against account takeover fraud without letting fraudsters know the gig is up. In the Mobile Order-Ahead Tracker, Chipotle’s Dave Estlick discusses how deploying invisible, artificial intelligence (AI)-based fraud barriers can keep fraudsters out without pushing them to switch up their attack methods.
Report: Remote Deposit Capture Paves Path For B2B Payments Digitization
Companies are pushing hard to digitize their business-to-business (B2B) payments, but many of their partners still use paper checks. In the inaugural Treasurer’s Guide To AR Payment Optimization, Jim Gifas, head of treasury and payment services for CIT Bank, explains why enabling multiple methods like remote check capture and ACH transfers are key to nudging digitization forward while keeping checks in play.
From Race Track To Real Life, Bitcoin And Other Crypto Crashes Are Unavoidable
A Dogecoin-themed NASCAR vehicle crashed during a race this weekend – proving prescient for the plummeting we’ve seen in cryptos the past several days. In China, the crackdown continues, and bitcoin and other cryptos have yet to find firm footing.
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