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Morty Raises $3M To Bring Its Online Mortgage Platform To The Masses

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The $3 million in funding was led by Thrive Capital, including participation from SV Angel, Techstars, FJ Labs, Corigin Ventures, MetaProp and a number of angel investors, reported TechCrunch. The platform is licensed in Colorado, Florida, Georgia, Maryland, Minnesota, North Carolina, Oregon, Tennessee, Virginia and Washington, D.C.

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Online Food Delivery Is Having A Bright Moment — But Clouds Are Gathering

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India-based online food ordering and delivery platform Swiggy has reportedly spent about $7.3 million to buy Scootsy , another Indian firm that offers online food delivery services. That said, online food delivery is having its moment. China, too, provides evidence that online food delivery remains a hot proposition.

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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

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has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. Ascena is currently running with roughly 95 percent of its store base opened again, helping shoppers via retail locations as well as online stores. Ascena Retail Group, Inc.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

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There is good reason for this shift in view; according to Marc Bernegger, co-founder of crypto fund AltAlpha Digital, “after last year’s explosion of crypto hedge funds around the globe, there are now over 400 active funds, excluding those focused on venture capital.” dollars.

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Pier 1 Plans Sale As It Goes Bankrupt

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Bankruptcy Court in Richmond, Virginia. Its customers will still be able to shop with the company, both at the stores that remain open and online. Wells Fargo National Association and Pathlight Capital LP will allow the company to operate while finalizing sales.

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Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

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The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. The service said it attracts some 19 million unique monthly visitors to its online automotive marketplace. and autoscout24.de.

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Blue Nile Adds Fifth Showroom, This One Near Headquarters

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Nearly a year and a half after it opened its first brick-and-mortar store on Long Island, online jewelry retailer Blue Nile has opened its fifth store in Bellevue, Washington, near its headquarters. Despite its main success through online jewelry sales, the 17-year-old company sees value in connecting with customers one-on-one and in-person.

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