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Coronavirus Puts B2B Payment Timing In A Tailspin

PYMNTS

With many businesses lacking the capital to pay their outstanding invoices, "cash-strapped companies will have to switch up their collections playbook to survive," he said. million is being sought by one supplier of furniture retailer Loves Furniture & Mattresses , The Oakland Press reported.

Payments 175
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Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal.

Michigan 131
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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., Beneficial State Bank was born from a bold idea and a gift of capital from activists and philanthropists Kat Taylor and Tom Steyer. In March 2020, workers at Oakland, Calif.-based Name: Beneficial State Bank. Assets: $1.5 They unionized.

Oakland 153
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Building from Scratch

Independent Banker

Bank Headquarters: Oakland, Calif. Like a craftsman bricklayer steadily assembling a sturdy house, Nelson built her successful career and her community bank in Oakland, Calif., Two years later, Nelson moved as a single mom to Oakland, where she again found a job as a teller at a regional bank. By Beth Mattson-Teig. Branches: 3.

Oakland 98
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The Solar Industry’s Most Active Investors

CB Insights

The most active backers are diverse, from French energy utility company Engie — which operates multiple nuclear energy reactors — to Oakland’s Powerhouse, an incubator with a notable focus on the solar industry. The solar industry’s second most active investor, Powerhouse, is based in Oakland, California.

Oakland 48
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Wish They All Could Be California Bots

PYMNTS

And as of last week, the list got a bit longer, as California made a few great leaps toward becoming the autonomous delivery capital of the country, with two big pilots by brand-name firms scheduled for the cities and suburbs. And then there is Oakland-based Boxbot, founded by ex-Uber and Tesla engineers and backed by Toyota AI Ventures.

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Fintech Fundings: 39 Companies Raise $930 Million Week Ending April 15

Fintech Labs Insights

Two Finovate alums raised fresh capital: Emailage raised another $5 million for its email-based fraud prevention solutions. Equities markets operator. HQ: Oakland, California. HQ: Oakland, California. Tags: Consumer, SMB, investing, working capital finance, trade finance, P2P, peer-to-peer. Latest round: $252.7