Farfetch To Buy Sneaker Marketplace Stadium Goods

In a deal in that would let Farfetch grow its premium sneaker and streetwear offerings, the eCommerce retailer said on Wednesday (Dec. 12) that it is acquiring Stadium Goods for the enterprise value of $250 million. The arrangement, which could close in the first quarter of next year, is subject to “customary closing conditions,â€� the company said in an announcement. “We

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YayPay Raises VC For Machine Learning-Powered AR Automation

Accounts receivable automation firm YayPay has secured another round of venture capital funding, the company announced Wednesday (Dec. 12). The firm secured $8.4 million in funding led by Information Venture Partners, while existing backers Birchmere, QED, Fifth Third Capital, Gaingels and 500 Fintech Fund also participated. Runway Venture Partners joined the funding as a new backer, YayPay added. The company

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Open Banking Adds Intelligence To Treasury Management

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more

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Temenos Preps For Aussie Open Banking With Avoka Takeover

Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits for an Australian FinTech, reports in the Australian Financial Review said Wednesday (Dec. 12). Switzerland-based Temenos will acquire Australia-based Avoka for $245 million, reports said, following Temenos’ acquisition for Australia’s Rubik Financial last year. Temenos said it will

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