Amazon Opens Three More Brazilian Logistics Hubs
PYMNTS
NOVEMBER 9, 2020
The new centers are operating in Minas Gerais, Rio Grande do Sul and Brasilia, the country’s capital, and increase the number of Amazon logistics hubs in Brazil to eight. .
2012 Capital Operations 
Today In Payments Around The World: Red Dot Lands $200M For Tech Startups; Walmart Sells Retail Locations To Grupo de Narváez
PYMNTS
NOVEMBER 9, 2020
In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Israeli’s Red Dot Capital Raises $200M For Southeast Asia-Focused Tech Startups.
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division
PYMNTS
NOVEMBER 26, 2019
TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff. This is the digital bank’s fourth acquisition of a working capital loan portfolio.
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Grab May See $1B Investment From SoftBank Vision Fund
PYMNTS
DECEMBER 21, 2018
As it stands, Grab , which launched in 2012, has operations in areas like Thailand, Vietnam and Malaysia. (Sources have since told Reuters that the company plans to invest two times that much at a minimum.) Aside from SoftBank, Microsoft, Toyota and Didi Chuxing serve as the company’s main backers.
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Target Aims To Purchase Delivery Startup Deliv
PYMNTS
MAY 7, 2020
“Due to a confluence of events over the past few months, Deliv will unfortunately be winding down our operations over the next 90 days,” she wrote. Valued at $190 million two years ago, Deliv has raised $85 million in venture capital since its founding in 2012, according to PitchBook Data Inc. Google and Enterprise Holdings Inc.,
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How to develop a sound MBL strategy
Abrigo
DECEMBER 1, 2014
From June 2007 to December 2012, MBL volume increased 66 percent, growing from $26.04 It is also necessary for the Board to decide how an MBL strategy fits in to the credit union’s overall strategy including designating resources, ensuring adequate capital levels and determining a safe and sound growth rate. Credit Union Profile.
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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion
PYMNTS
JANUARY 18, 2021
Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.
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nCino To Go Public
PYMNTS
JUNE 22, 2020
nCino, which was founded in 2012, said it will use the proceeds of its stock sale to purchase additional office buildings, and may also use a portion to acquire, invest in or obtain rights to complementary technologies, products, services or businesses. . In its initial public offering (IPO) filing with the U.S.
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The Future of Noninterest Income at Financial Institutions
Abrigo
NOVEMBER 29, 2021
Capital One and Fifth Third Bank have launched programs to give customers early access to direct deposits, up to two days. A recent study by the Cleveland Fed noted that traditionally, noninterest income is only 30% to 40% of small banks’ operating revenue, compared with over half of large banks’ revenue. Whitepaper. Asset/Liability.
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Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet
PYMNTS
JANUARY 15, 2020
Founded in 2012, EBANX originally processed payments for Brazilian clients of global websites and recently expanded to offer services to Brazilian eCommerce platforms. Beyond Brazil, EBANX operates in Mexico, Colombia, Argentina, Chile, Peru, Ecuador and Bolivia. We are very happy to support EBANX in the construction of this solution.
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African eComm Firm Taps Local Agents, Businesses To Streamline Logistics
PYMNTS
MARCH 2, 2020
Jumia , which was founded by two Frenchmen in 2012, operates in 11 African countries, from Morocco to Nigeria and Kenya, and has been referred to as Africa’s version of Amazon. The commission I earn as a Copia agent has been my working capital,” said Kihara, 48. All this has been possible due to money from the business.”.
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Cloud-based FI Software Provider nCino Goes Public
PYMNTS
JULY 7, 2020
Founded in 2012, nCino has raised $213 million in venture-backed funding, according to Crunchbase, the San Francisco provider of business data about private and public companies. The underwriters of the offering will have a 30-day option to purchase up to 1.1 million additional shares of stock, and nCino could raise as much as $210.4
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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System
PYMNTS
JANUARY 12, 2021
Plus, Delivery Hero is launching an early-stage venture capital (VC) firm. Checkout.com, which was started in 2012, recently brought an office to New York City. Germany’s Delivery Hero Introduces Its Own Venture Capital Fund. Checkout.com Closes $450 Million Series C For $15 Billion Valuation. Checkout.com, a U.K.-based
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Ag lending risk increasing as result of declining incomes
Abrigo
AUGUST 20, 2015
The report noted that since 2012, crop cash receipts have declined by more than 20 percent, according to the USDA. In addition, the ratio of operating loans to farm income has risen, despite other non-real estate loan volumes, relative to farm income, leveling out.
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Tanium Secures $6.5 Billion Valuation For Enterprise Security Tech
PYMNTS
OCTOBER 2, 2018
Tanium, which provides organizations with an IT security platform, raised $200 million from Wellington Management, Baillie Gifford & Company and Adage Capital Management, pushing Tanium’s valuation up to $6.5 Typically, large companies operate security with two different focuses: compliance and breach protection.
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German Men’s Shopping Service Outfittery Raises $22 Million In Funding
PYMNTS
AUGUST 16, 2016
Outfittery , the German styling service for men’s clothes, has raised $22 million in a funding round led by the venture capital firm Octopus Ventures, according to TechCrunch. Outfittery, founded by Anna Alex and Julia Boesch in 2012, says that it operates in eight countries and has about 400,000 clients.
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European Mobility Platform Bolt Notches ?100M Investment
PYMNTS
MAY 26, 2020
Naya Capital Management, the investment manager that Masroor Siddiqui started in 2012, made the investment, according to an announcement. Villig pointed to the company’s frugal approach to operating as aiding in keeping the layoffs at bay.
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B2B FinTech Investors Planning Ahead
PYMNTS
MAY 5, 2017
Don’t let the seemingly low value of $42 million raised this week by B2B venture capital firms fool you: VC activity in the space was strong, hitting key verticals like cross-border payments and SaaS. Find out who’s planning ahead in our breakdown of B2B venture capital from the week below. and international operations.
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Carvana Stock Falls Short On First Day Of IPO
PYMNTS
MAY 1, 2017
Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. William Blair & Company, LLC, BMO Capital Markets Corp. Carvana Co., According to Barron’s , the stock was down $2.33, or almost 16 percent, at $12.67, below its IPO price of $15. Baird & Co.,
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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank
PYMNTS
AUGUST 6, 2019
This latest round of funding brings Cybereason’s total amount raised to approximately $400 million, with previous investors including CRV, Spark Capital and Lockheed Martin, according to a press release. The new funding will be used to boost the company’s operations, with a focus on global growth.
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PSCU Names Kevin Spear New SVP, Service Delivery
PYMNTS
DECEMBER 5, 2019
This is Spear’s second round at PSCU, as he was previously in charge of Client Relations and Services at the company from 2006 to 2012. This time around, he will be responsible for driving the strategic direction, continuous improvement and operational effectiveness of PSCU’s Service Delivery team. billion transactions annually. “His
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What Australia Can Teach The World About Real-Time Payments
PYMNTS
JANUARY 2, 2019
The road has been long and winding for Australia’s march toward real-time payments, tracing its genesis back to 2012. Different countries operate on different messaging systems, a challenge that can be addressed by standards such as ISO 20022. Businesses are looking for better ways to manage their cash flow and working capital.”
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Today In Payments Around The World: Lendify Secures $115M In Funding; Contour Teams With Mphasis On Trade Tech
PYMNTS
OCTOBER 22, 2020
Mphasis will harness its Front2Back TM Transformation procedure and its next-generation IT aside from operations functions to assist in accelerating the commissioning and utilization of the Contour network via partners, banks and businesses. The Hong Kong sale is being managed by Citigroup, China International Capital Corp.,
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
PYMNTS
NOVEMBER 27, 2018
So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. On the upside, researchers found small businesses’ demand for loans is at its highest level since 2012. Yet, the small business lending gap remains. For banks, the reason often comes down to profits.
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Credit Squeeze May Loom As New Accounting Rule Takes Root At Banks
PYMNTS
FEBRUARY 5, 2020
The analysts have pointed to Macy’s and Kohl’s as being vulnerable to a slowdown in credit, which would negatively impact their in-house card operations. To get a sense of some of the mechanics of how it all works: Capital One increased its allowance by $2.9 Peeking Under the CECL Hood.
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Gig Startup Shiftgig In $20M Series C
PYMNTS
JANUARY 18, 2017
Founded in 2012, Shiftgig built a mobile platform that allows temporary, gig and hourly workers to find and pick up shifts at local businesses — in food service, retail, hospitality and logistics to name a few — looking for staff to fill schedule gaps. While the mobile platform services customers across all 50 U.S.
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Careem To Launch Food Delivery Service, Complete $500M Funding Round
PYMNTS
DECEMBER 17, 2018
Careem Now will be separate from Careem’s ride-hailing operation and have its own app and call center. Careem has operated in 120 cities and 15 Middle East countries since its 2012 launch. Careem is in the process of completing an almost $500 million funding round, and the company raised $200 million in October.
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Big Banks Steal The B2B VC Show
PYMNTS
APRIL 22, 2016
The venture capital world lit up last week with reports that B2B tech startups are now seeing increased funding, raising money at a faster pace than B2C startups. This week, the streak continued, and while a limited number of deals emerged, significant investments were handed to B2B startups operating in the enterprise finance sphere.
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100 Top Subscription Services Find Success With Free Trials
PYMNTS
APRIL 27, 2018
It’s also made the offering of subscription services a robust channel for a business to operate in. Other industries see lower conversion rates — 1 percent to 10 percent, according to a 2012 study. Technology, of course, changed all that. It’s a sign a good service or product will get customers’ attention and commitment.
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190 Pinterest Aims To Raise $1.3B In IPO At A Valuation Of $11.3B
PYMNTS
APRIL 8, 2019
Pinterest, the image search operator that is gearing up for an initial public offering, is aiming to raise $1.3 He left the company back in 2012, the news outlet noted. The venture capital firm first made an investment in May of 2011, when the company was valued at a mere $40 million. billion at a valuation of $11.3
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Impact of the UK QE on banks’ balance sheets
BankUnderground
NOVEMBER 30, 2021
In our paper , we use balance sheet data for 118 UK banks to empirically investigate whether the asset compositions of banks involved in the UK QE operations reacted differently in comparison to banks not involved in the initial rounds of QE between March 2009 and July 2012. QE and central bank reserves. Source: Bank of England.
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Conference Season In Vegas
Celent Banking
OCTOBER 16, 2015
BAI-RDS regularly draws 3,000 attendees, and while I knew re:Invent 2012 drew about twice that number, I was still not prepared for the hoard of nearly 20,000 developers and AWS partners that converged on the Venetian Hotel and Sands Expo. It didn’t take long to see what Capital One was up to. What’s The Hurry? .
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Credit Squeeze May Loom As CECL Takes Root At Banks
PYMNTS
FEBRUARY 5, 2020
The analysts have pointed to Macy’s and Kohl’s as being vulnerable to a slowdown in credit, which would negatively impact their in-house card operations. To get a sense of some of the mechanics of how it all works: Capital One increased its allowance by $2.9 Peeking Under the CECL Hood.
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141 Bank Of England Tells HSBC To Tighten Fraud, Staff Compliance
PYMNTS
NOVEMBER 7, 2019
Combined, the assets make up one-third of the bank’s capital, according to Stevenson. According to Stevenson, the bank’s operations in Hong Kong , where the bank is publicly listed, have remained “resilient,” although he noted some deterioration in credit portfolios, particularly among small businesses. We need to get those returns up.
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Challenges for the neo-challengers: Four hurdles to overcome
Accenture
SEPTEMBER 22, 2019
An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Cybersecurity.
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150 Saks Owner Hudson’s Bay Shareholders Make Bid To Take Firm Private
PYMNTS
JUNE 10, 2019
billion Canadian dollars, exiting the German market while staying in the Netherlands (with an eye on revamping operations there). billion buy of Lord & Taylor in 2006, the public debut of Hudson’s Bay as a public company in 2012, and the acquisition of Saks Fifth Avenue in 2013.
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Bankers: Is your strategy the same as your competitor?
Jeff For Banks
MARCH 29, 2014
We serve the dental and other health professional industries through a centralized loan and deposit platform that operates out of our main office in Dallas, Texas and serves clients in 30 states. Texas Capital Bancshares, Inc. We serve our local geographic market which is the Dallas - Fort Worth metropolitan area.
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In China, Food (Delivery) For Thought
PYMNTS
MARCH 7, 2016
The departure marks a relatively quick exit from China, where Delivery Hero opened up shop in 2012, with initial presence in Shanghai and an expansion effort that ultimately spread to 19 cities across the country. What about capital flowing into the region, from investors? What about capital flowing into the region, from investors?
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Can Data Driven Lending Displace VC Funding For Some Firms?
PYMNTS
DECEMBER 17, 2019
CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. Managing cash flow can be tricky work when one is new to the market or looking to expand because cash is in short supply.
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The State Of Southeast Asia Tech
CB Insights
SEPTEMBER 22, 2017
Every year since 2012, Southeast Asian startups have pulled in more and more money. Top Rounds in Southeast Asian Tech (2012 – 2017 YTD (9/13/2017). From 2012 – 2017 YTD, Singapore has attracted the most investor money of all countries in the Southeast Asian region. SOUTHEAST ASIA FINANCING TRENDS. Amount ($M). 7/24/2017.
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Banking's Total Return Top 5
Jeff For Banks
DECEMBER 26, 2012
capital appreciation and dividends. In its latest investor presentation, BofI highlighted it''s expense ratio (operating expense as a percent of average assets) compared to peer as 1.67% versus 3.17%, respectively, and efficiency ratio (operating expense as a percent of total revenue) compared to peer as 35% versus 63%, respectively.
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$150B Valuation Makes Ant Financial World’s Largest Unicorn, Ahead Of Possible IPO
PYMNTS
MAY 29, 2018
Whenever it happens, it’s safe to say that a $150 billion valuation would make Ant’s IPO one of the biggest ever, putting it ahead of Facebook ’s $104 billion IPO in 2012 and behind Alibaba’s $168 billion IPO in 2014. Venture capital was provided by Sequoia Capital , a firm which normally invests in early-stage startups.
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Silicon Valley Bank expands to Beijing
Payments Source
MARCH 2, 2017
A joint venture the California company operates in China opened its first branch in Shanghai in 2012.
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60 Plaid Technologies Scores $44M Off Goldman Sachs-Led Round
PYMNTS
JUNE 20, 2016
San Francisco-based Plaid was founded in 2012 with the vision of making the world a better place for FinTech firms by providing easy infrastructure to connect FinTech innovators with their clients’ bank accounts. Goldman is leading the round, and our major existing investors, including NEA and Spark Capital, also participated.
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