In today’s top news, Amazon’s in-garage delivery is expanding across the country, and Sweden’s MedTech startup Kry is now valued at $2 billion after raising $300 million. Plus, Brex raised $425 million and is expanding its all-in-one financial solution.
Amazon’s Key In-Garage Grocery Delivery is expanding across the country to more than 5,000 municipalities after a successful November 2020 pilot program in five cities. Key In-Garage gives Prime members the option of having their Amazon Fresh and Whole Foods Market groceries securely delivered to their garage.
Swedish MedTech startup Kry raised $300 million in a funding round that values the telehealth platform at $2 billion, almost triple the $700 million valuation the firm had last year. The startup will continue growing its digital product suite and expanding operations.
Silicon Valley-based business growth firm Brex raised $425 million in a Series D investment round led by Tiger Global that gives the startup a valuation topping $7.4 billion. Brex said the new infusion of capital “will fuel our growth” as the startup moves to further expand its “all-in-one financial solution” for businesses of all sizes.
Visa, Mastercard and Fiserv are on tap to report earnings this week. First-quarter results may show a continued damper on international transactions and commerce. But management may discuss how and when credit may rebound, and debit spending may recede a bit — as contactless payments are here to stay.
Even if it’s a bag of M&Ms at issue, the consumer experience is never to be taken for granted. It’s an obsession at confectioner-to-the masses Mars Inc. As Jason Thomstatter, head of digital commerce at Mars, told Karen Webster as part of the ConnectedEconomy series, his mission is to understand consumer behavior at every stage and in every channel to connect consumers to a sweet experience in context.
With the aid of advanced technologies and a shift in how they examine transactions, financial institutions (FIs) can tell who’s doing good and who’s up to no good. As David Excell, founder at Featurespace, told Karen Webster in a recent PYMNTS Fireside Chat, making decisions in the context of the consumer’s journey means looking across data silos to authenticate consumers and even anticipate good transactions before they happen.
New PYMNTS data shows that the cheaper cost and convenience of getting groceries delivered via the new Walmart+ subscription service narrowed the gap with Amazon Prime in the first quarter. What has made almost 30 million consumers flock to the service? We break it down.
Selected by EFXA