In today’s top news, personal computers recorded their largest sales numbers in 10 years in 2020, and the FinTech Curve raises $95 million. Plus, Walmart is creating a FinTech startup in tandem with Ribbit Capital.
Personal computer sales hit a 10-year record high in 2020. 302.6 million PCs were sold, a 13 percent increase from 2019. Working, learning and entertaining from home upped global demand.
The London-based FinTech Curve has raised $95 million in Series C funding. The startup plans to expand to the U.S. and further into Europe, and will also use the funding to develop Curve Credit, a new product the firm intends to launch in the beginning of 2021.
Walmart is working with Ribbit Capital to form a FinTech. There are any number of paths those joint efforts might take in the retailing giant’s efforts to broaden its reach in financial services — and here are some of them.
Buy now, pay later (BNPL) platform Affirm boosted the price range of its initial public offering (IPO) in a new SEC filing. The Silicon Valley startup upped its price range to $41 to $44 per share, which could potentially raise $1.08 billion for the company, valuing it at over $10 billion.
Half of U.S. adult consumers say they want a vaccine, but 75 percent of them also say they plan to stick with their digital-first shopping experiences even after the pandemic. In the latest installment of the Pandenomics(R) study series, PYMNTS surveyed a national sample of 2,268 consumers who say that merchants shouldn’t plan on a consumer who makes the physical store the centerpiece of their retail and grocery shopping experiences the way they once did.
The acceleration of contactless payments due to the pandemic has pushed the need for digital retail payments infrastructure forward. Nili Klenoff, senior vice president of acceptance solutions at Mastercard, told PYMNTS that the pilot of a cloud-based infrastructure for mobile announced on Monday was driven by dynamics in the consumer marketplace.
Building in-house payments acceptance and functionality is expensive and time-consuming. The stage is set, then, for Payments-as-a-Service to gain traction with financial institutions seeking to serve their clients, as enterprises, in turn, must modernize B2B payments. Outsourcing can pay dividends. Here’s why.