TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. The new offering, dubbed Daily Advance, is the first of its kind in a major U.S. marketplace, according to a Monday (Oct. 7) press release. It will see Storfund — a London-based FinTech providing...
Embedded lending options are proving to be critical lifelines for individuals and the smallest businesses — particularly in an uncertain macro environment marked by relatively high interest rates. “Many times in life, when you expect it least, … and you need availability [and speed] when...
Hospitality cloud platform Mews has raised $100 million in financing from Vista Credit Partners. The new funding comes at a time when cloud adoption is accelerating throughout the $15.5 trillion global travel and tourism sector, Mews said in a news release on Thursday (Sept. 26)....
Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico. The company will use the new resources to finance more businesses and individuals in the country, Reuters reported Thursday (Sept. 19), with...
October 03, 2024
Embedded lending options are proving to be critical lifelines for individuals and the smallest businesses — particularly in an uncertain macro environment marked by relatively high interest rates. “Many times in life, when you expect it least, … and you need availability [and speed] when it comes to credit — or access to cash flows […]
May 16, 2024
Pay later plans have gained value since they offer consumers flexibility and better spend management. PYMNTS Intelligence reveals consumers’ preferences for these plans, particularly around buy now, pay later (BNPL)...
May 09, 2024
Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of credit for the balance of...
April 15, 2024
The Asia-Pacific (APAC) region contributed roughly two-thirds of global growth last year. PYMNTS Intelligence recently studied Growth Corporates, or mid-market firms, in the APAC region to determine how they leveraged...
October 07, 2024
TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. The new offering, dubbed Daily Advance, is the first of its kind in a major U.S. marketplace, according to a Monday (Oct. 7) press release. It will see Storfund — a London-based FinTech providing funding to eCommerce sellers — advance money to merchants as […]
September 26, 2024
Hospitality cloud platform Mews has raised $100 million in financing from Vista Credit Partners. The new funding comes at a time when cloud adoption is accelerating throughout the $15.5 trillion...
September 19, 2024
Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico. The company will use the new resources...
September 16, 2024
Transportation management system Tai Software has launched a partnership with freight-factoring firm Denim. The “two-way digital integration,” announced Monday (Sept. 16), allows users to send important job information from Tai to Denim with a single...
