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Fitness app Strava was reportedly valued at $2.2 billion in a recent funding round.
That valuation is up from the $1.5 billion it achieved in its previous funding round, in 2020, The Wall Street Journal (WSJ) reported Thursday (May 22), citing its interviews with Strava CEO Mike Martin and Sequoia Capital Partner Andrew Reed.
The report did not include the amount raised in the round.
Strava did...
Consumer lending platform Pagaya is reportedly pushing into the pay later market.
The company is about to issue $300 million in bonds that will be used to fund buy now, pay later (BNPL) loans offered by Klarna, The Wall Street Journal (WSJ) reported Thursday (May 22). J.P. Morgan Chase and Atlas, the asset-backed finance unit of Apollo Global Management, are arranging the bond sale.
In the last...
Ant International has teamed with HSBC on the bank’s tokenized deposit service in Hong Kong.
The service is designed to support treasury management via real-time, “always-on” Hong Kong and U.S. dollar payments between corporate wallets held by an HSBC Hong Kong client, according to a Thursday (May 22) press release.
In addition, the service is also Hong Kong’s first bank-led, blockchain-based...
Credit card rewards, offers and perks play a central role in how consumers decide which card to use at checkout. Most consumers carry cards with entry-level incentives like cash back or points. These are often tied to a specific brand, retailer, airline or hotel. More than 1 in 4 shoppers actively alternate between these cards based on the rewards they can unlock — highlighting a strategic...
Blaze Pizza is on a mission to redefine fast-casual dining, one custom-built pie at a time.
The Atlanta-based chain, now boasting 300 restaurants across 38 states, has carved out a niche with its assembly-line model that lets guests build their own pizzas — choosing everything from crust to toppings — before their creation is fired in just 180 seconds. It’s a model reminiscent of Chipotle or...
Generative artificial intelligence presents a dual-edged sword for the American workforce, promising productivity gains while simultaneously sparking job displacement concerns.
The PYMNTS Intelligence report “Workers Say Fears About GenAI Taking Their Jobs Is Overblown” was based on a survey of 2,881 consumers in the United States conducted from Nov. 11 to Nov. 26. It delved into workers’...
Fundamental transformations often occur across the industries that are most receptive to them.
When it comes to the potential for innovation and disruption that artificial intelligence brings, the travel sector appears to be poised for one of the industry’s most profound transformations since the invention of the commercial airline.
Traditional online travel booking relies on rigid page...
Fool me once, shame on you. Fool me twice, shame on me. Fool me thrive, won’t get fooled again.
That’s the emerging story when it comes to shoppers and payments fraud. And with cybercriminals lurking, a growing number of U.S. consumers are ditching their plastic for virtual cards that offer stealthy, one-time-use numbers designed to outsmart digital thieves.
According to new findings from PYMNTS...
Not long ago, supply chain management was viewed as the silent, dusty backbone of commerce. Essential, yes, but hardly worthy of mainstream attention.
Then came the pandemic, and suddenly, everyone from Wall Street to suburbia realized that getting toilet paper from warehouse to aisle was a logistical miracle, and even sometimes a catastrophe.
“Our supply chain side of the business is actually...
Walmart plans to cut 1,500 corporate jobs in its technology, eCommerce fulfillment and advertising operations, The Wall Street Journal reported Thursday (May 21), citing unnamed sources.
Reached by PYMNTS, a Walmart spokesperson declined to comment on the report.
In an internal memo seen by PYMNTS, addressed to office-based associates and signed by two Walmart executives, the company said it is...