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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending. But a national charter would allow for a uniformity of presence and market scope. The Charter Advantage .

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Allbirds Focuses On Store Growth, Global Expansion

PYMNTS

Wool footwear brand Allbirds is wagering on physical retail stores despite the coronavirus. The States remains the biggest market for the footwear brand, but other nations are fueling growth – especially those in the Asia-Pacific area. In October, the firm will open its 22 nd retail location in its home state of California.

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Another One Bites The Dust: Toys ‘R’ Us Files For Bankruptcy

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The retail death spiral drags on, and this week we have a new victim: Toys “R” Us. billion buyout by private equity investors KKR, Bain Capital, and Vornado Realty Trust. As of now, the approximately 1,600 Toys “R” Us and Babies “R” Us brick-and-mortar retail locations around the world will continue to operate as usual.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.

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Airbnb Competitor Domio Lands $100M; Aims To Double Market Share

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Domio , a startup that designs and rents apartment hotels, has raised $100 million in funding to expand both nationally and globally to 25 markets by 2020, according to reports on Tuesday (Dec. The company’s Series B round was led by GGV Capital. The funding round closed in late summer. It is currently in 12 markets.

Marketing 101
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Fifth Third Links Rejected Business Borrowers To Alt-Lender

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The combination of Fifth Third Bank’s renowned brand, customer reach and great products with our digital lending platform will allow us to collectively serve the Bank’s customers with best-in-class products and a best-in-class customer experience.” Graziano continued, “This collaboration does exactly that.

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Alt-Lender Prospa Lands Australia’s Largest FinTech Funding

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Alternative lender Prospa has raised new venture capital that comes with a prestigious label for the company. The Series B round is the largest-ever venture capital investment into an Australian FinTech startup, according to reports. Reports Wednesday (Feb. 22) said Prospa secured A$25 million (about $20 million) from AirTree Ventures.

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