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Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift

PYMNTS

The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster. And so, I think that is starting to shift the market.”.

Capital 214
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Mollie Is Latest Tech Startup To Attain Unicorn Status

PYMNTS

TCV, a major equity investor with a focus on technology, led the Series B round of funding, Mollie said in a press release. The $100 million in investment capital marks the second time Mollie has cut a major financing deal, following a $29.5 million injection of capital last year.

Capital 141
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Bestselling Author J.D. Vance Teams Up With Peter Thiel, Others On VC Fund

PYMNTS

Vance, who penned the popular memoir “Hillbilly Elegy,” has started a VC fund called Narya Capital, according to a report Thursday (Jan. The firm has plans to invest in startups that are in the science and advanced technology spaces, and will provide checks of between $5 million and $10 million. Bestselling author J.D. 9) by Bloomberg.

New York 100
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Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.

Company 128
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Dialing Up Performance in Home Equity Lending

Gonzobanker

With the inefficient, circa-2004 borrowing processes resident in many banks’ loan departments today, too few lenders are equipped to deal with the rising tide of home equity volumes that will descend like a tsunami on their operations the moment Fed chairman Jerome (What-Are-We-Waiting-For) Powell announces a rate cut.

Lending 139
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Big Data Firm Palantir Prepares For Potential IPO

PYMNTS

Palantir Technologies is the latest in a recent flurry of tech companies to signal plans for a potential IPO. Founded in 2004 by CEO Alex Karp and venture capital tycoon Peter Thiel, Palantir specializes in Big Data, working with major corporations and government agencies to crunch large volumes of information.

Big Data 131
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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

Takeaway 3 To fully capitalize on the forthcoming C&I wave, institutions need the right products, systems, people, and technology. 2004-2008: 82.6% The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. 2010-2023: 137.3% trillion, Pruis said.

Lending 195