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Can Pivotus Help Save Banks from Themselves?

Bank Innovation

Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years. Just last year, the Portland, Oregon-based corporation performed the rare feat of upgrading its core Read More. If any FIs can do it, Umpqua is certainly among them.

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Accelerating To The Future?

PYMNTS

With more than 700 now in operation across the United States, small business accelerators are becoming increasingly crucial engines of the U.S. Startups often need the resources — including the capital, equipment and expertise offered by these organizations — to stay afloat in an increasingly competitive marketplace.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days.

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Real Estate Startup Bungalow Secures $64M In Funding

PYMNTS

Since its launch, the company has operated in the Bay Area, Los Angeles, New York, San Diego and Seattle. It also announced today that it has added two new markets to its platform: Portland and Washington, D.C., putting it on track to be in 12 major U.S. markets by the end of 2018. There are also plans for global expansion in 2019.

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Vacation Rental Startup Vacasa Clinches Funding

PYMNTS

The biggest investment of the week came in the form of 51credit.com, where the Chinese credit card management outfit garnered $84 million from Harvest Capital and Yintai Group. The credit facility also allows for the company to access additional working capital. This week started off with a bang for Portland, Ore.

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eCommerce, Delivery Firms Turn Attention To Supply Chain, Logistics

PYMNTS

The additional expenditures will raise gross capital spending to between $115 million and $120 million, up from the previously forecast $90 million to $100 million. Chief Financial Officer Jeffrey Lawrence told analysts that labor costs at its corporate locations ticked up a bit by 0.5

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Banking's Top 5 Total Return to Shareholders: 2024 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. 2 Northeast Bank (NasdaqGM: NBN) Northeast Bank is a full-service bank headquartered in Portland, Maine that had $3.9 Founded in 2007, GBank operates two full-service commercial branches in Las Vegas. 5 GBank Financial Holdings, Inc.