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LendingClub’s Laplanche Starting New Online Lender

PYMNTS

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. including Union Square Ventures, Ribbit Capital, Vy Capital and Silicon Valley Bank.

Online 100
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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces.

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Route AI Package Tracking Platform Raises $12M In Seed Funding

PYMNTS

The pre-seed funding was from Peak Venture Capital , which also led the new seed round, along with Album VC and strategic partner Pattern. . Using the Route App, users can visually track and protect online orders as well as resolve issues. Route+ offers retailers an end-to-end post-purchase experience. .

Utah 141
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I Can’t Connect to E-Tran – What Now?

Abrigo

The SBA Utah District Office , for example, has established a Rapid Response Team with the Governor’s Economic Recovery Task Force to handle the requests. However, many of these borrowers were unable to immediately secure a loan. Many bankers, however, are not even able to access E-Tran. There have been many technical issues."

Lending 320
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Podium Lands $125M To Expand Contactless Payments Over Messaging

PYMNTS

Other investors included Sapphire Ventures, Alkeon Capital, Recruit Co., Headquartered in Lehi, Utah, the company offers a variety of messaging solutions that help local companies connect with their neighborhood customers. .” IVP, Accel, Summit Partners and GV. Podium has raised $92.6

Payments 166
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B2B FinTech Bucks The VC Slump

PYMNTS

Business confidence remains relatively high, but the latest analysis from CB Insights found that venture capital (VC) investment took a turn for the worse in Q1. Reports earlier this week in the Financial Times revealed that global venture capital funding dropped 13 percent to $6.3 Canada’s Webware.io

Fintech 160
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98