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California Lets Aurora Operate Driverless Cars

PYMNTS

Aurora, with logistical operations currently in Palo Alto, Pittsburgh, and San Francisco, has approximately a dozen self-driving vehicles used for testing on American public roads. Aurora raised more than $530 million in February 2019, raising its valuation to more than $2.5 Rowe Price Associates contributing.

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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141
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The resilience of small businesses: Insights for lenders

Abrigo

Leveraged has improved since 2019. Businesses' working capital cycles are longer. The latest data from Abrigo shows that even with a 350-basis-point increase in interest rates, the average DSCR for privately held businesses was 5.75x in 2023, nearly unchanged from 5.73x in 2019. Interest coverage ratios have stayed strong.

Lending 195
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US Bank Business Loans Stalled In Latter Half Of 2019

PYMNTS

business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. CRE loans can be regarded as business loans by another name, as businesses borrow against their real estate to finance operations.

US 132
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The RealReal Tops $1B In GMV In 2019

PYMNTS

As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. In a call with analysts, CEO and Founder Julie Wainwright noted that the company generated a GMV of $1.008 billion for the full year 2019. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year.

Groups 130
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

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.

Capital 130
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The 2019 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

Idaho 148