Pymnt News news and trends

Shopify to Add AI-Powered Media Editor and Commerce Assistant
eCommerce // January 31, 2024

Shopify plans to expand its range of artificial intelligence (AI)-powered tools for sellers to include a media editor and a commerce assistant. These are among more than 100 updates the company will add to its eCommerce platform, Shopify said in a Wednesday (Jan. 31) product news release....

Carlyle and Insight Partners Invest in Supply Chain Firm Exiger
Investments // December 19, 2023

Funds managed by global investment firm Carlyle and global software investor Insight Partners have entered into a definitive agreement to provide majority investment in Exiger, a software-as-a-service (SaaS) firm focused on helping corporations, government agencies and banks manage supply chains. With this investment, Exiger will...

Expedia Group Reports Record Revenue Amid Solid Travel Demand
Earnings // November 02, 2023

Expedia Group reported record revenue in the third quarter amid solid travel demand. While travel demand in North America and Europe remained stable, the Asia-Pacific and Latin America regions experienced more pronounced growth, Expedia Group CEO Peter Kern said Thursday (Nov. 2) during the company’s quarterly earnings...

Lemonade Looks to Partnerships and Generative AI to Close Cash Flow Gap
Earnings // August 03, 2023

Artificial intelligence (AI)-driven insurance company Lemonade has announced second-quarter 2023 earnings results, driven by a growing top line, oversubscribed reinsurance and acceleration in rate approvals. In terms of financial performance, the digital insurance firm reported a net loss of $67.2 million in the quarter, a...

Quick Reads
Shopify to Add AI-Powered Media Editor and Commerce Assistant

January 31, 2024
Shopify plans to expand its range of artificial intelligence (AI)-powered tools for sellers to include a media editor and a commerce assistant. These are among more than 100 updates the company will add to its eCommerce platform, Shopify said in a Wednesday (Jan. 31) product news release. The company’s Media Editor will enable sellers to use generative […]

Carlyle and Insight Partners Invest in Supply Chain Firm Exiger

December 19, 2023
Funds managed by global investment firm Carlyle and global software investor Insight Partners have entered into a definitive agreement to provide majority investment in Exiger, a software-as-a-service (SaaS) firm focused...

Lemonade Looks to Partnerships and Generative AI to Close Cash Flow Gap

August 03, 2023
Artificial intelligence (AI)-driven insurance company Lemonade has announced second-quarter 2023 earnings results, driven by a growing top line, oversubscribed reinsurance and acceleration in rate approvals. In terms of financial performance,...