Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Laybuy raises A$35 million for UK market push 5 hours ago
3 New Zealand-based buy now, pay later outfit Laybuy has successfully undertaken a capital raise for A$35m to further its push into the UK market. The capital raise comes in the form of a private placement and will be used to invest further in technology, marketing and people.
Laybuy MD Gary Rohloff says: “The opportunity in the UK market should not be underestimated. The UK has a retail market approximately 2.2 times larger than the Australian market in terms of overall spending. It is also a market where a higher proportion of retail spending is online, and where BNPL is still in early stages of adoption.
Lowe s posts stronger-than-expected first-quarter earnings, following on from its larger rival Home Depot, as government stimulus and home improvement demand boost the group s top and bottom lines.
Marc Metrick, the company’s chief executive, says employees will have more flexibility but for reasons having to do with corporate culture, “the default needs to be our office.”
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Banking data – who owns it? 8 hours ago
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Banks have long been the custodians of our financial assets – our money, credentials, and our data – and the heart of our society. However, as digitisation has developed, so has the realisation of the importance of data’s value in enabling new services; from the latest Netflix suggestions based on our viewing history or emails on the latest trends from brands due to previous purchasing. The role data plays now is in providing that convenient and personal service we all want in this digital-first world.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Adyen lands in Japan
Source: Adyen Adyen, the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Japan. Adyen’s acquiring capabilities are foundational to the company’s all-in-one payment platform allowing merchants like Microsoft, Foodpanda, VanMoof, Breitling, and G-Star RAW to get the most out of each transaction with local payment processing. This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, New Zealand, Hong Kong, Malaysia, and Singapore, and is supported by demand from international and domestic merchants looking to better serve shoppers in Japan.