FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. The Series B funding will help the company develop new financial wellness services and strengthen its ability to lend to employees “across the credit spectrum,” Kashable said in a news release Thursday (Jan. 18). “In a...
Buy now, pay later provider Billink aims to enter new markets after raising $32 million. The Dutch company said in a Thursday (Jan. 18) press release that the new funding will let it expand to the top 50 online shops in the “Benelux” (Belgium, the...
The online gambling industry has witnessed remarkable growth in recent years, fueled in part by the pandemic-induced closure of physical casinos. As a result, more players have turned to online platforms for their gambling activities. However, one of the most common grievances among gamblers is...
KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods. They rose to $76 million during the quarter, up from $74 million in the previous quarter and $41 million a year earlier, the bank said in a Thursday...
The head of Deutsche Bank says merging with Commerzbank is not a priority. In an interview with CNBC Thursday (Jan. 18), Deutsche Bank CEO Christian Sewing seemed to quash recent — and unconfirmed — reports that his company was in talks to merge with fellow German financial institution Commerzbank. “I...
Reddit is reportedly ready to go public via an initial public offering (IPO). The social media platform aims to go public in March after more than three years of planning, Reuters reported Thursday (Jan. 18), citing sources familiar with the matter. The report noted that the IPO would...
On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion. This funding includes a $75 million equity round and a $100 million expansion of an existing secured credit facility, with additional financing provided...
British grocer Sainsbury’s is planning to slowly but surely phase out its banking business. The move follows a strategic review of the company’s banking arm, the supermarket chain said in a statement Thursday (Jan. 16), which noted Sainsbury’s is weighing several options on how to proceed with its exit from...
Diebold Nixdorf, a provider of retail solutions, is launching a new artificial intelligence (AI)-based checkout solution to combat shrinkage in the retail industry. The new Vynamic Smart Vision I Shrink Reduction manages the risk of shrink at self-checkout stations while ensuring positive shopper and employee experiences, the...
