News

Investments
Salv Raises $4.3 Million to Expand Financial Crime Compliance Solutions 
December 14, 2023

Estonia-based Salv, a provider of financial crime compliance solutions, has raised 3.9 million euros ($4.29 million) in new funding to fuel its expansion in the United Kingdom.  With this investment, the firm has raised 7.9 million euros ($8.68 million) in 2023 and 12.1 million euros ($13.3...

Investments
Lolli Raises $8 Million to Grow Bitcoin Rewards Program
December 14, 2023

Lolli has raised $8 million to expand its bitcoin/cashback rewards program. Co-founder and CEO Alex Adelman told TechCrunch Thursday (Dec. 14) that the new financing — bringing its total funding to $28 million — will be used to bring the rewards program to partners such as exchanges,...

Investments
Kapital Raises $165 Million to Expand Banking Platform
December 14, 2023

Banking and technology platform Kapital has raised $165 million in new capital. The Mexico City-based company announced the funding — a $40 million Series B equity financing round and $125 million in debt financing — in a news release Thursday (Dec. 14), saying it plans to invest the money...

Artificial Intelligence
New Healthcare AI Models Highlight Role of Specially Trained Point Solutions
December 14, 2023

Throughout history, some of the world’s greatest problems have also been businesses’ greatest opportunities. Fast-forward to today, and makers of artificial intelligence systems are already moving to apply the intelligent computing innovation’s change-the-game potential for efficiency capture and process improvement across some of the most...

Loyalty & Rewards
2023 Was the Year of Restaurant Loyalty Relaunches
December 14, 2023

As ongoing financial challenges have continued to constrain consumers’ budgets throughout the year, restaurants have taken the opportunity to rethink the financial incentives they offer, relaunching their rewards programs with new strategies and user experiences. Take, for instance, quick-service restaurant (QSR) giant Subway, which turned...

Investments
Indian eCommerce Company Udaan Notches $340 Million in Series E to Ready IPO
December 14, 2023

Indian B2B eCommerce firm Udaan has raised $340 million as it prepares to go public. The company plans to use the new funding to bolster its supply chain and enhance partnerships with vendors, Bloomberg News reported Thursday (Dec. 14). The Series E round “fully funds our business plan,” said Vaibhav...

Payment Methods
REPAY Partners With Green Dot to Enable Cash Bill Payments
December 14, 2023

REPAY has partnered with Green Dot to enable REPAY’s business clients to accept cash bill payments. With this collaboration, the customers of REPAY’s clients will be able to pay bills with cash in person at more than 45,000 retail locations that are members of the...

Social Commerce
How Brands and Retailers Can Make the Most Out of Pinterest’s Predictions
December 14, 2023

Navigating the rapid trend cycle can be challenging, but add a dose of inflation and it gets even harder — making it so much harder for brands and retailers to predict the next big consumer craze.   Nonetheless, Pinterest has potentially streamlined this process by introducing...

Payment Methods
Changing Consumer Expectations Force Executives to Confront ‘Fear’ of Digital Transformation 
December 14, 2023

Ed O’Donnell, CEO of Versatile Credit, said the benefits of digital transformation are well known. “Everyone, especially in this part of the business cycle,” he told Webster, “is looking to make sure that their capital is being deployed in an efficient manner.”   That means taking...