Global Tech Payment Solutions

Innovation is constant change even for million and billion dollar companies… 🤙👌

Companies have been closing locations left and right over the past two-and-a-half years. Store closures took off in 2020 amid challenges from the COVID pandemic, and some retailers like Stein Mart were forced to shut down all of their stores completely. In 2021, major companies like Disney and DSW pared down their stores by the dozens. But even as the fallout from COVID has lessened over time, new setbacks like record-high inflation rates have some retailers still struggling to stay afloat. Store closures have hardly let up in 2022, with a number of popular retail chains shuttering dozens of locations just this year. Read on to learn more about massive downsizing by name brands..

6 Popular Retail Chains That Have Closed Dozens of Locations in 2022 Companies have been closing stores left and right since 2020, and these retail chains have shuttered many locations in 2022.

Hurricane Ian: 2 Million Without Power As Storm Strikes Florida More than 2 million homes and businesses across the state face power outages and officials warn restoration could take several days or even weeks.

Manual Processes Cost SMBs Big Money | PYMNTS.com Sage calculates the global cost of loss productivity as a result of small businesses doing manual administrative tasks, such as SMB accounting, payroll and HR.

Finance automation platform Mesh Payments has raised $60 million in new funding and will use it to expand its go-to-market (GTM) efforts and continue its product innovation.

The new backing comes after the company tripled its revenue growth in the first half of the year, with 1,000 mid-market companies now using Mesh and close to $1 billion annualized payment volume (TPV) flowing through the platform, according to a Wednesday (Sept. 7) press release.

The company attributed the growth to companies shifting their focus from growth to cost and spend reductions, and looking for solutions that will assist them, per the release.

“The confidence in Mesh from investors and customers, even in a turbulent market, reinforces that our finance automation platform is what companies want to help them navigate a cost-cutting environment,” Mesh Payments Co-Founder and CEO Oded Zehavi said in the release.

Mesh Raises $60M to Expand Finance Automation Finance automation platform Mesh Payments has raised $60 million in new funding to expand its go-to-market (GTM) efforts and continue its product innovation.