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Post-purchase eCommerce platform Route says it has acquired returns and exchanges platform Frate Returns.
The company says the deal is designed to give its customers a solution that combines its package protection and tracking suite with Frate’s “intelligent exchange-first” returns technology, according to a Monday (Jan. 12) news release.
“The Frate team has built an exceptional...
Torq raised $140 million in a Series D funding round to accelerate the adoption of its security operations center (SOC) platform for global enterprises and government agencies.
The Torq AI SOC Platform uses artificial intelligence agents to manage security tasks, the company said in a Sunday (Jan. 11) press release.
Torq’s latest funding round brings its total funding to $332 million,...
BitGo has become the latest cryptocurrency sector company with plans to go public.
The crypto custody startup said Monday (Jan. 12) that it was seeking a valuation of up to $1.96 billion in its U.S. initial public offering (IPO).
The company and some of its shareholders hope to raise $201 million by offering 11.8 million shares priced between $15 and $17 a piece, per a regulatory...
Samsung, payments acceptance solutions provider Ingenico and payments technology firm Talus have joined forces.
The partnership is designed to bring a “modern mobile business operating solution to the North American marketplace,” according to a Monday (Jan. 12) press release.
The effort uses Ingenico’s software point-of-sale (SoftPOS) tap-to-pay capabilities and the Talus mobile app to...
Tether reportedly froze more than $182 million of its USDT stablecoin Sunday (Jan. 11), CoinDesk reported Monday (Jan. 12).
The action, which happened across five wallets on the Tron blockchain, was one of the biggest single-day enforcement moves disclosed on that chain in recent months, according to the report.
The wallets each held between $12 million and $50 million in USDT, the...
Discount grocery chain Aldi plans to open 180-plus American stores before the year’s end.
The company announced the latest phase of its ongoing U.S. expansion Monday (Jan. 12), saying it will debut its first store in Colorado, open three new distribution centers, and undertake an overhaul of its digital business. The new store openings will give Aldi nearly 2,800 U.S. stores by the...
The Consumer Financial Protection Bureau and the Department of Justice withdrew a 2023 joint statement that warned lenders not to look at an applicant’s immigration status when considering extending credit.
The agencies said in a Monday (Jan. 12) press release that the Equal Credit Opportunity Act (ECOA) and Regulation B permit creditors to consider a borrower’s immigration or...
Artificial intelligence (AI) startups Cast AI, Cyera and Swap headlined a wave of capital injections this week, reflecting where investors see near-term demand as enterprises scale production AI systems. The deals point to continued interest in tools that manage compute constraints, govern sensitive data and apply AI directly to revenue-generating workflows.
Cast AI Hits Unicorn Status...
Bezos popularized “your margin is my opportunity” to capture Amazon’s strategy of using technology, scale and obsessive customer focus to attack incumbents’ profit pools and pass much of that surplus back to customers in the form of lower prices and better experiences.
In the Prompt Economy, that instinct becomes systemic: instead of one company hunting margins, AI agents acting for...
The “2025–2026 Growth Corporates Working Capital Index: North America Edition,” a collaboration between PYMNTS Intelligence and Visa, examines how middle-market companies across the United States and Canada are rethinking working capital as a strategic asset rather than as a defensive necessity. Based on a double-blind survey of 322 CFOs and Treasurers at companies with $50 million to $1 billion...