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Mollie Is Latest Tech Startup To Attain Unicorn Status

PYMNTS

The $100 million in investment capital marks the second time Mollie has cut a major financing deal, following a $29.5 million injection of capital last year. Founded in 2004 by Mol, an engineer, while he was living in his parents’ house, the company expects to process more than $11.7

Capital 141
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How The Fed Will Impact Your Deposit Beta

South State Correspondent

The Fed is data-dependent but has reinforced the market’s view of front-end loading interest rates at 50bps per meeting. The following external factors would dampen the industry’s beta: Ample liquidity – Banks are flush with liquidity and can lag the market with deposit rate increases.

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5 Lessons Using Bank Customer Lifetime Value Data

South State Correspondent

We have discussed the importance of the CLV metric HERE , or bankers can look up our favorite academic paper on the topic “ Counting Your Customers Research Paper 2004 ” by Fader, Hardie, and Lee at Wharton. Lesson 1: Better Optimize Your Marketing Dollars For Cumulative Lifetime Value.

Data 195
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Cashing In On Returns: Marketplaces Reinvent Inventory Liquidation

PYMNTS

Those unwanted products, in turn, can create headaches for retailers — and a business opportunity for the so-called secondary market. Retailer overstocks and excess inventory help to drive B-Stock, which facilitates the sale of some 70 million items each year via online auctions of various product categories and types.

Retail 101
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Uber of X: greenRush is The Uber of Cannabis

PYMNTS

Not until 2004 did cannabis become legal for non-medical use in certain areas of the country. One company that’s looking to capitalize on the cannabis market is startup on-demand delivery company greenRush. One of their biggest ventures was an online platform aggregating New Years Eve parties across the globe.

Las Vegas 140
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Community Banks Embrace Faster Payments’ Competitive Edge

PYMNTS

However, the number of banks has steadily declined over the years, partly driven by merger and acquisition (M&A) activity — with much of that consolidation occurring in the community bank market. has dropped from 8,000 in 2004 to about 5,400 in 2018. “It’s all about the relationship banking,” she said.

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Should Facebook Buy eBay?

PYMNTS

That’s where Reid Hoffman hatched the idea for LinkedIn in 2003 after inviting hundreds of his friends to create online profiles to get his idea for a professional online networking site off the ground. million from Benchmark Capital and changed its name to eBay. It’s also where Airbnb , quite literally, got its start.

Online 128