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As consumers look to installment plans to help them afford the products they want under ongoing budgetary pressures, many are turning to buy now, pay later (BNPL) to acquire their go-to health and beauty products.
By the Numbers
For the study “Tracking the Digital Payments Takeover: What BNPL Needs to Win Wider Adoption,” PYMNTS Intelligence surveyed more than 3,100 consumers in June to...
LVMH is making its way to Tinseltown, establishing a foothold in film and television to drive brand visibility and relevance.
The luxury giant, owner of Louis Vuitton, Moët Hennessy, Tiffany...
When it comes to the venture capital landscape, every year — and strategy — is different.
Nearly no other investor segment deals with more reckonings and recalibrations than tech investors — or reaps such sky-high benefits when their big bets pay off.
Against the backdrop of the artificial intelligence boom, VCs are starting to creep back into the cryptocurrency and Web3 space.
Hack VC announced...
FinTech platform Xalts has acquired Contour Network from a consortium of global banks.
The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in digital finance applications with Contour’s established network connecting global banks to businesses, Xalts said in a Tuesday (Feb. 20) press release.
Contour Network, which was launched in 2017 by...
Artificial intelligence (AI) is revolutionizing the fashion industry, injecting creativity and efficiency into design, streamlining production and making shopping more seamless than ever before. One study estimates that AI innovations could add up to an additional $275 billion in fashion profits over the next three to five years.
Naiz Fit, for one, is harnessing the power of advanced natural...
Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite.
The partnership will see Coinsilium providing strategic advisory services for LC Lite’s upcoming token launch, Proactive Investors reported Tuesday (Feb. 20).
LC Lite, which was acquired this month by Incomlend, a regulated global invoice finance marketplace, aims to provide...
Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup.
The funding round could total between $75 million and $100 million and lift Moove’s value from its current $650 million to about $750 million, Bloomberg reported Friday (Feb. 23), citing unnamed sources.
The talks are ongoing and the numbers could change, according to the...
As consumers seek out simple, intuitive online shopping experiences, Mercado Libre is seeing its artificial intelligence (AI) efforts to improve the user journey pay off.
The Latin American eCommerce platform shared in its fourth quarter 2023 financial results, reported Thursday (Feb. 22) that, throughout the fiscal year, the number of items sold rose by 22% year over year. Plus, unique active...
Collaborative commerce firm Crisp, which provides retailers with real-time inventory data, has raised $50 million in a Series B extension round to drive its growth efforts.
Existing investors including Blue Cloud Ventures, FirstMark Capital, Spring Capital and 3L participated in the round, Crisp said in a Thursday (Feb. 22) news release announcing the funding.
The company said the new funding...
Freelancer platform Fiverr says it is thinking long-term about its investments in artificial intelligence (AI).
“All in all, we believe AI will be a multiyear tailwind for us to drive growth and innovation,” CEO Micha Kaufman said in announcing quarterly and yearly earnings Thursday (Feb. 22). “In 2023, we also made significant investments in AI that drove improvements in our overall platform.”...