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Chinese eSports Provider VSPN Raises $60 Million To Expand Overseas

PYMNTS

Chinese eSports provider VSPN has raised $60 million in a Series B+ funding round to help it expand its operations overseas. Investors in the latest financing included Prospect Avenue Capital, Guiotai Junan International, and Nan Fung Group. Lighthouse Capital served as the exclusive financial adviser.

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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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Report: Zomato Teams With InCred For Loans To Restaurants In India

PYMNTS

“It will help our restaurant partners with easy, risk-free credit options designed to achieve their operational and bottom-line goals,” Ranjan said, per the report. InCred provides small- to medium-sized business (SMB) loans made up of channel finance, term debt and capital debt in addition to education and personal loans.

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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Honorable Mention.

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Amazon Just Got Beaten To The Punch On Drone Deliveries

PYMNTS

Associated Press reported on Friday (March 25) that Flirtey, a startup founded in Australia but recently relocated to its new Nevada headquarters, successfully completed what appears to be the United States’ first autonomous drone delivery in a residential environment.

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Here Is the Latest Credit Data To Keep Your Bank Safe

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. As can be seen, Georgia, California, and Nevada have the highest levels of probabilities of defaults and some of the highest increases. ” The reality is that banks should be much more granular in their ratings to allocate capital more efficiently.

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