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,...
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...
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...
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...
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...
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...
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...
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...
A slowdown in luxury spending, combined with excessive inventory levels for the holiday season, has reportedly prompted fears of a discounting spiral that could cheapen the image of luxury brands. Credit card data from both Barclays and Citi reveals a decline in luxury spending in November, Reuters reported Wednesday (Dec. 13)....