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Companies backed by venture capital (VC) firms are reportedly choosing mergers, acquisitions and buyouts over initial public offerings (IPOs).
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While the overall number of exits remained flat in the second quarter compared to the first, the majority came from mergers, acquisitions and buyouts, Bloomberg reported Tuesday (July 8), citing data from Pitchbook.
The report...
Mistral AI is reportedly in talks to raise as much as $1 billion in equity financing from investors including MGX as well as hundreds of millions of euros in debt from French lenders.
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The debt would help fund an artificial intelligence (AI) cloud service in France called Mistral Compute, Bloomberg reported Tuesday (July 8), citing unnamed sources.
The discussions are in...
The June Survey of Consumer Expectations by the Federal Reserve Bank of New York, released Tuesday (July 8), found at least some optimism on inflation, where price increases are still likely to be elevated, but at a slowing pace.
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Spending expectations were tempered, but income is not likely to keep up with inflation, per the data.
The optimism may be fleeting, given the...
The first four hours of Amazon’s Prime Day event reportedly saw sales figures that were 14% lower than those at the beginning of last year’s event, Bloomberg reported Tuesday (July 8), citing data from Momentum Commerce.
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Momentum Commerce manages Amazon sales on behalf of brands and generates about $7 billion in sales annually on the platform, according to the report....
British FinTech Propel Finance has raised $2 billion in a new funding round.
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The round, announced Friday (July 4) on the company’s LinkedIn page, will help the company in its mission of offering asset financing to small and medium-sized enterprises (SMEs).
“This funding represents a significant step forward for Propel and a major win for UK SMEs, enabling thousands more...
Payments company PayJunction has launched an integration with customer engagement platform Twilio.
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The integration, announced Tuesday (July 8), lets PayJunction merchants deploy artificial intelligence (AI)-driven interactive voice response (IVR) solutions that securely process payments over the phone and do away with manual processes.
“Merging Twilio’s innovative,...
Trump Media is reportedly making another venture into the digital assets space.
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The social media firm owned by President Donald Trump is planning an exchange-traded fund (ETF) that would hold cryptocurrencies such as bitcoin, ether and solana, Bloomberg News reported Tuesday (July 8), citing a regulatory filing.
According to the report, the “Crypto Blue Chip Fund” marks...
Watch more: Latin America’s Digital Wallet Surge Forces Banks to Expand Financial Inclusion
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Latin America, long perceived as a region where cash was king and financial innovation moved at a deliberate and even slow pace, is now at the forefront of a profound digital transformation.
Joint research from Galileo Financial Technologies and PYMNTS reveals a striking shift,...
Watch more: Local Payment Methods Key to Winning Share Across European Markets
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For eCommerce firms, the European Union can present a tantalizing opportunity and a logistical labyrinth.
With 27 member states, 24 official languages, a range of economic profiles and unique consumer behaviors, the EU marketplace does its best to resist definition.
“Europe is the eternal...
It’s an austere landscape of sand, mountains and water. It’s also a cradle of wealth and modern architecture. But that’s not the only striking contrast about Saudi Arabia. On the one hand, the kingdom’s shoppers are the world’s leader when it comes to browsing and buying using a mobile device, usually a smartphone, according to a forthcoming PYMNTS Intelligence report in collaboration with Visa...