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Retail Business – 3 Financial & Operational Factors

VCFO

Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic.

Retail 66
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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. based startup that announced a $1 million seed investment round that it plans to use for growth and product development. CreditEnable. With headquarters in both the U.K.

B2B 81
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Report: Zulily On How Digital IDs Help Flag Account Takeovers

PYMNTS

Shoppers may be quick to take their business elsewhere if these demands are not met, with 66 percent of respondents saying they had at least once given up opening accounts due to poor experiences. AI-powered digital solutions provider Jumio recently unveiled a platform solution intended to help eTailers with such security work.

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Zopa Secures UK Banking License

PYMNTS

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. But it plans to avoid the interest-free introductory deals common among the nation’s credit card market.

Banking 86
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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

B2B 75
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Japan’s Uniqlo Hacked; 460K Accounts Compromised

PYMNTS

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. The news affected the company’s stocks, which dropped about 0.6 percent in afternoon trading in Tokyo.

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Today In Payments: InsurTech Lemonade To Go Public; Affirm Unveils High-Yield Savings Account

PYMNTS

In today’s top news, insurance tech startup Lemonade filed an IPO, and Affirm launched a high-yield savings account. Plus, retail dispute management firm Chargeback raised $6.6 JMP Securities, Oppenheimer & Co. JMP Securities, Oppenheimer & Co. Affirm Unveils High-Yield Savings Account. Lemonade Inc.,