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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150
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Prescription Drug Discounter GoodRx Launches IPO

PYMNTS

“Lack of affordability in healthcare is a contributing reason why 20 percent to 30 percent of prescriptions are left at the pharmacy counter,” the company wrote in its filing with the Securities and Exchange Commission. Founded in 2011, GoodRx gathers drug prices on more than 70,000 U.S. Morgan and Barclays will act as IPO managers.

Capital 168
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nCino Ups Its IPO To As Much As $253M

PYMNTS

In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5 Founded in 2011, the company reported $153 million in revenues for the 12 months that ended on April 30. The Wilmington, North Carolina-based company nCino Inc., million by offering 7.6 million, or 74.7 million (70.4

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Measuring capital at risk in the UK banking sector

BankUnderground

The probability of an extreme stress event with losses above £91 billion (roughly 19% of CET1 capital) increased from 1% before the pandemic to 4.1% Concentration risk in the economic system, such as vulnerability to shocks to large non-financial corporations, may lead to remarkable fluctuations in economic activity ( Gabaix (2011) ).

Capital 126
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Groupon Said To Be Pondering Yelp Acquisition

PYMNTS

It is reasonable to conclude that a relatively large acquisition by Groupon is forthcoming,” Robert Chapman, founder of California investment firm Chapman Capital, told the WSJ. We see significant value in Groupon as an acquisition/merger target for multiple players,” Wedbush Securities Inc. Groupon Chairman Eric Lefkofsky holds 13.57

Chicago 148
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Fusebill Secures $6M For Subscription Billing Solution

PYMNTS

” Fusebill’s announcement said the company has doubled its revenue every year since it launched operations in 2011. This is the right team and the right product to successfully address the pains SMEs experience in managing the ongoing recurring relationships with clients.”

Security 100
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Startup Scores $62 Million For Trade Credit Risk Solution

PYMNTS

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). The company raised about $62 million from investors at Long Arc Capital and Bpifrance; it will use the funding to focus on the development of its technology.

Capital 100