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Citi Debuts Mobile App For Companies Seeking Capital

PYMNTS

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. The new Citi Supplier Finance app will add to the arsenal for the companies looking for electronic onboarding services, Finextra reported.

Capital 178
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Kidd & Company, T-street Capital Team To Acquire DTC Companies

PYMNTS

To form a direct-to-consumer (DTC) online commerce strategy, Kidd & Company, LLC and T-street Capital, LLC have joined forces by creating a holding company focused on buying companies called Brand Holdings, LLC. The firms unveiled their first purchase, Dr. Emil Nutrition, in a Tuesday (July 7) announcement.

Company 130
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Enterprise Cloud Platform Company Takes The B2B Venture Capital Lead

PYMNTS

This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.

Capital 192
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Square Capital Grew 64%, Driving Company Revenue

Bank Innovation

The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. The lending business appears to be treating Square well. This is up 64% from last year.

Capital 239
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CPG Companies Capitalize On Dramatic Digital Shift

PYMNTS

Consumer packaged goods (CPG) – which just four years ago had only a 1 percent penetration rate online – are capturing the digital shift in a dramatic way during the pandemic. As the crisis pushed online grocery into exponential growth during the crisis, CPG companies are finally starting to sell and advertise online.

Company 140
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Capital One To Focus On Digital, Close 37 Locations

PYMNTS

Capital One is going to increase its focus on digitization and close 37 branches around the U.S., The company has made its intentions known by filing applications with the Office of the Comptroller of the Currency. Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. “Our

Capital 209
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Infoblox, Other Companies Referenced In Capital One Hacker’s Communications 

PYMNTS

Krebs On Security is reporting that the alleged Capital One hacker may have also targeted and stolen data from other corporations. KrebsOnSecurity was able to join this open Slack channel Monday evening and review many months of postings apparently made by Erratic about her personal life, interests and online explorations,” the website said.

Capital 108