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eCommerce Site Wish Drops 16.4 Pct On First Day Of Trading

PYMNTS

Wish, founded in 2010 by former Google engineer Peter Szulczewski , has become known as a market for low- and middle-class shoppers, gaining it a reputation as an online dollar store, CNBC reported. Other online sensations like Airbnb and DoorDash have skyrocketed after their debuts. The company has become one of the U.S.'s

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Citi Ventures on the Lookout for Machine Learning Startups in 2018

Bank Innovation

EXCLUSIVE – Since its launch in 2010, Citi Ventures has focused on investments that are strategic to its parent, the global financial services provider Citigroup. But when your parent company is a bank that spans the world, you can get involved with a lot of things.

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eCommerce Site Wish Prices IPO Shares At $24, Report Says

PYMNTS

billion and gave it an implied market capitalization of $14 billion. Wish, which is based in San Francisco and was founded in 2010 by ex-Google engineer Peter Szulczewski, runs an online marketplace known largely for selling discounted items from China. This helped Wish raise $1.1 The company said it made over $1.7

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Online Fashion Site Moda Operandi Raises $100K For Expansion

PYMNTS

Online fashion marketplace Moda Operandi announced a $100,000 funding boost that it will use to invest in its technology and bolster business overall. Comerica Bank and TriplePoint Capital were also named, and there were more investors that were not named.

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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

PYMNTS

The number is the highest since 2010’s 44 percent, the index says. That group has seen a 129 percent gain and its market capitalization has hit over $14 billion, the Financial Times wrote, over $5 billion ahead of the runner up. The number of small U.S. Nicholas Bohnsack , president of U.S.

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CoverHound Raises $58M For Expansion Of Insurance Platform

PYMNTS

CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. In a press release , the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac Ventures, MS&AD of Japan.

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Mortgage Lender LoanDepot Looks Toward $15B IPO

PYMNTS

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. the San Francisco-based peer-to peer lending firm and OnDeck Capital, the New York-based online small business lending company, which went public at the time were already trading down, Housing Wire reported.