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Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

PYMNTS

Virtual Kitchen , a startup founded by ex- Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery. billion by 2026, CNBC reported.

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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

We will continue making capital expenditure to keep up with the growing demand.”. Swedish telecom equipment giant Ericsson said at the end of last year that the growth of 5G technology and uptake is accelerating beyond what anyone expected. And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5

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Ola Electric Reaches $1B Valuation With SoftBank Investment

PYMNTS

The latest capital infusion means the company is now valued at more than $1 billion. India recently set a goal to make 40 percent of its fleet electric by the year 2026. Ola coincidentally has been developing electric car technology for the past few years. Ola wants to set up shop in Uber HQ territory (San Francisco) as well. “As

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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities

PYMNTS

Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. Snap plans to use the funds for “general corporate purposes,” and possibly “to acquire complementary businesses, products, services, or technologies,” the news outlet said. .

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M&A, Bitcoin Trading Adds $8B In Market Cap To Square

PYMNTS

Square’s gross payment volume could reach $409 billion in 2026, or 4.1 payment volume, RBC Capital Markets analyst Daniel Perlin predicted in a recent note to clients. percent of total U.S.

Bitcoin 101
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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC. You have never heard so many intelligent people sound not so smart.

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Global Automotive Blockchain Revving Up?

PYMNTS

billion by 2026. According to the report, distributed ledger technology (DLT) will continue to rise, along with what BIS touted as “the myriad” number of benefits that accrue with that technology. In patent news, Capital One has filed an application with the U.S. percent, as measured from 2018.