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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. B2B Industrial is based in Illinois, while AMW is based in Arizona.

Industry 181
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JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

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Here is The Math Behind the High-Yield Account

South State Correspondent

If you bank in a fast-growing state such as Nevada, Utah, Idaho, Arizona, Texas, Florida, or South Carolina, population and business formation growth result in lower acquisition costs. Not everyone needs rewards points, instant payments, or weekend service, but everyone needs cheap capital and more income.

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Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US Subpoenas To Track Down $800M In User Funds

PYMNTS

The system could possibly monetize every single social media post on a given network for operators as well as content creators. The program will likely make use of Voice, Block.one’s own social media network, which Block.one invested millions of dollars into last month so it could operate independently of Block.one.

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Food Delivery Shows No Sign Of Abating In Summer

PYMNTS

DoorDash, the country’s largest deliverer of restaurant meals, could be valued as high as $15 billion following a likely infusion of capital from existing investors. The interest among established buyers in growing food delivery operations is far more than a U.S. Uber Technology is reportedly offering $2.6 phenomenon.

Arizona 162
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Could Income Share Agreements Displace Payday Loans?

PYMNTS

Valued at $150 million, Lambda has seen investments from the likes of Bedrock Founder Geoff Lewis, along with Google Ventures, GGV Capital, Vy Capital, Y Combinator and actor Ashton Kutcher. On the startup side, the best-known and best-funded player in the space is the Lambda School , founded in 2017.

Arizona 148
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New Digital Experiences Keep Credit Unions Relevant – And Then Some

PYMNTS

Arizona-based FI consulting firm Cornerstone Advisors noted that just three major banks have 47 percent of the accounting and payment services sector’s $11 billion.”. They must confront one major obstacle in doing so, however: big banks.

Survey 235