News

Loyalty & Rewards
Flashfood CEO Says App Drives Loyalty for Grocers With Deal-Seeking Shoppers
January 18, 2024

As consumers look for lower-priced grocery options amid ongoing budgetary pressures, Flashfood is seeing its eCommerce marketplace, which sells food that would otherwise go to waste at discounted prices, boost grocers’ sales. In an interview with PYMNTS, Nicholas Bertram, who was announced as CEO of...

eCommerce
Pretty Links Introduces Branded Checkout Links for Online Sellers
January 18, 2024

Pretty Links, a link management WordPress plugin, has unveiled its latest feature, a built-in payment-link function that allows online sellers to create branded checkout links for selling products across various channels. This new feature, PrettyPay, was developed in collaboration with the Stripe payments platform, Pretty...

Investments
Kashable Raises $25.6 Million for Employer-Based Lending Tool
January 18, 2024

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...

Investments
Billink Raises $32 Million as Consumers Increasingly Expect BNPL
January 18, 2024

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...

Faster Payments
Nearly 1 in 5 Players Would Delete a Betting App if Preferred Payment Type Were...
January 18, 2024

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...

Banking
KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
January 18, 2024

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...

Banking
Deutsche Bank CEO Brushes Off Commerzbank Merger Rumors
January 18, 2024

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...

IPO
Report: Reddit IPO Could Launch in March
January 18, 2024

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...

Investments
DailyPay Raises $175 Million to Expand On-Demand Pay Platform
January 18, 2024

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...