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Bestselling Author J.D. Vance Teams Up With Peter Thiel, Others On VC Fund

PYMNTS

Vance, who penned the popular memoir “Hillbilly Elegy,” has started a VC fund called Narya Capital, according to a report Thursday (Jan. Vance and Thiel previously worked together on a fund that was called Mithril Capital. From 2004 to 2018, the amount of cash to both places tripled. Bestselling author J.D. 9) by Bloomberg.

New York 100
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Big Data Firm Palantir Prepares For Potential IPO

PYMNTS

Founded in 2004 by CEO Alex Karp and venture capital tycoon Peter Thiel, Palantir specializes in Big Data, working with major corporations and government agencies to crunch large volumes of information. Securities and Exchange Commission (SEC) informing the agency of its plans.

Big Data 131
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Possible Purchase Deal By Uber Triggers Nearly 40 Pct Surge In Grubhub Shares

PYMNTS

Uber has an approximate $56 billion market capitalization. Founded in 2004, Grubhub went public in less than six years. .” Uber’s stock also climbed 6 percent on the news, which pushed Grubhub’s valuation up from roughly $4.5 billion Monday to about $5.9 Whether a deal will be made is still up in the air. billion to $2.2

Chicago 140
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Banks and CDFIs: Partnering for community impact

Abrigo

Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.

Community 246
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NCUA proposed rule: MBL flexibility for credit unions?

Abrigo

On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). billion in 2004. Further, of the credit unions that offer business loans, 98 percent are well-capitalized according to the NCUA.

Lending 150
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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Chapter 11 Watch: Sears Watch, Restaurant Woes And Kim Kardashian’s Bodyguard

PYMNTS

” It’s an interesting move for the once-iconic Kmart brand, especially since those stores have been pretty much circling the drain since Sears acquired them in 2004. According to Nation’s Restaurant News , Cortland Capital Market Services LLC, which holds about $35.7 The tool line could fetch upwards of $2 billion.