The U.K.’s Spex Capital has debuted a $120 million fund to support digital healthcare and MedTech startups. The Spex Venture Health-Tech Fund, announced in a Monday (Feb. 27), will support early-stage HealthTech ventures with investments of up to $6 million and arrives at a time...
The Financial Crimes Enforcement Network (FinCEN) is warning banks of a nationwide surge in check fraud. “Criminals have been increasingly targeting the U.S. Mail and United States Postal Service mail carriers since the COVID-19 pandemic to commit check fraud,” the agency said in a Monday...
Luxury retail marketplace Farfetch is facing the same inventory and macroeconomic headwinds as other players in the sector but is pushing forward with plans to do more deals and further its mission to be the one-stop shop for high-end shoppers everywhere. Like apparel retailers at...
“2022 is a year I’m glad to have in the rear-view mirror. It’s not one we’ll forget, nor do we want to repeat it,” Overstock CEO Jonathan Johnson told PYMNTS. In reflecting on the various challenges of the past 12 months, as well as those...
Pet food maker Freshpet recorded its best growth in eight years during the close of 2022. The New Jersey-based company, which makes refrigerated dog and cat food, announced Monday (Feb. 27) that its sales had jumped 43% in the last quarter of the year thanks...
Three-quarters of global eCommerce is conducted using local payment methods, but offering such a diversity of payments may be difficult for merchants to do on their own, says Spreedly’s Andy McHale.
Groceries, and how and where consumers buy them, is almost as topical as generative AI these days. Food inflation remains stubbornly high, and nearly all U.S. households have adjusted the number and types of items that now end up in their grocery baskets. The latest...
Businesses worldwide are facing significant headwinds in 2023, with inflation still a global concern and rising interest rates leading to fears of recession. Many companies hope to compensate for these potential revenue hits by expanding into high-growth markets worldwide. Despite complications for newcomers, the potential...
Payment optimization is a complex technical matter on the invisible back end, but for the consumer, it comes down to being met with a frictionless and familiar payment experience. This is often the deciding factor for whether consumers complete purchasing the items they’ve accumulated in...
