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Instacart Raises $271M On $7.8B Valuation

PYMNTS

hedge fund Tiger Global Management and existing investors Coatue Management and Valiant Capital. The funding round was led by hedge fund D1 Capital Partners, and came only six months after the startup closed on a $350 million round of investing. A source told Reuters that the additional funding comes from investors, including U.S.

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Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle

PYMNTS

Credit union-backed cards offer several advantages, despite their comparatively miniscule market footprints. Roosevelt in 1934, gave the National Credit Union Administration (NCUA) the authority to set maximum credit union interest rates. held that such rules could not be enforced against nationally chartered banks.

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The Greatest Show On Commerce Turf

PYMNTS

billion chicken wings Americans are expected to eat this weekend according to the (honest to goodness) National Chicken Council. Offered in conjunction with Postmates, the service will be available in the 40 metro markets in which Postmates currently operates. Winner: Pizza . The Crowded Bowl . Minnesota vs. the Impending Masses.

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Congrats on a brave move and national recognition Jim!

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. Expect more of these slam-dunk in-market mergers that reduce locations 10%+.

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. The more standard one is the Capital One-issued rewards card. Walmart has relied on its massive ground and air transportation network to feed its eCommerce effort, most of which is fed through its distribution centers instead of stores.

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Banking's Total Return Top 5: 2016 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. It's size today, at $2.5