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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. That was it.

New York 173
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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. Bork will spearhead Sezzle’s enterprise business development efforts, as the company focuses on client acquisition following its recent capital raise.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. More specifically, the upcoming Verizon 5G rollout in Chicago and Minneapolis represents, according to one report , development of the company’s “first standards-based 5G network.” 5G Potential.

Mobile 168
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Instacart Raises $271M On $7.8B Valuation

PYMNTS

hedge fund Tiger Global Management and existing investors Coatue Management and Valiant Capital. The funding round was led by hedge fund D1 Capital Partners, and came only six months after the startup closed on a $350 million round of investing. A source told Reuters that the additional funding comes from investors, including U.S.

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Coinsource Brings Bitcoin ATMs To The Midwest

PYMNTS

Coinsource , the largest network of bitcoin ATMs in the United States, recently announced it placed three new machines in St Louis, Missouri — the company’s first foray into the Midwest market. and Minneapolis. “By By the end of Q1, we hope to bring our tally to 100 machines. Possibly even a couple of other continents by 2018.

ATM 101
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U.S. Bancorp adds banker to find sustainable investments for clients

American Banker

Marcus Martin will be responsible for expanding sustainable investing options for the Minneapolis company's corporate and commercial customers.

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

These are companies like Adore Me (lingerie), Green Goo (personal care), Shift (used cars) and Misfits Market (produce). They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic. Now compare it to Q2 2019 and the 6.4 percent).

Retail 295