As eCommerce marketplaces look to gain back share from industry giants, Wayfair joins those looking to in-house rewards programs to make its offerings more relevant to shoppers. On a call with analysts Thursday (Feb. 22) discussing its fourth-quarter and full-year 2022 earnings results, the home...
Jasper, a generative artificial intelligence app company, acquired Clipdrop, an AI image creation and editing platform, from Stability AI. The move not only strengthens Jasper’s position in the market overall but also marks its entry into the European market, the company said in a Thursday...
Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market. Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said the company was trying out services from scooters to motorbikes in what he referred to as his “toughest market,” providing a blueprint for...
Zūm Rails has raised $7.7 million to expand its open banking/instant payments solution. The Montreal-based company announced the $7.7 million ($10.5 million CAD) Series A funding round Thursday (Feb. 22), saying it would use the funding to scale its growth in the U.S. and expand its payment offerings,...
Nvidia, the dominant player in the artificial intelligence (AI) chip market, has surged to a market value of $2 trillion, making it the third most valuable company in the U.S. The stock jumped 15% Thursday (Feb. 22) to a record high of $780.85, adding about...
Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost and local reach, the company said in a Thursday (Feb. 22) press release. With Numeral’s addition of Swift, companies and financial...
No single word signals the death knell of an innovation quite like the adjective “clunky.” Yet, by some accounts, that’s exactly what the user experience of the first few generations of mixed reality (MR) and virtual reality (VR) headsets has been like, with users complaining...
South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking origination at Absa Securities UK, emphasized the potential for FinTech startups on the continent to raise capital through initial public...
Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have covered Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos. According to an announcement on...
