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Olo Receives $18 Million From Tiger Global Management

PYMNTS

Olo , a mobile and online food ordering platform, announced an $18 million investment by New York investment firm Tiger Global Management on Wednesday (Jan. Scott Shleifer, a Tiger Global Management partner, said he believes Olo is here for the long run. “We However, that technology didn’t exist yet – until it did.

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Canada’s Lightspeed POS Inc Raises $179M In IPO

PYMNTS

The company, which had early investors such as Caisse de Depot et Placement du Quebec, has over 700 people in its employ and was started in 2005. Overall, the firm has a small and medium-sized business focus and its platform can be utilized for different functions including inventory management and point of sale (POS). s 2010 U.S.

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Olo Aims To Go Public In 2020 With Possible $1B Valuation

PYMNTS

Food software startup Olo, named after the phrase “online ordering,” has plans to file an initial public offering (IPO) in 2020, according to a report from Bloomberg. Olo was originally started as a text message food ordering service in 2005. The company, which is based in New York, is looking for a $1 billion valuation.

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Fiserv CEO Jeff Yabuki to Speak at Bank Innovation 2017

Bank Innovation

Yabuki joined Fiserv in 2005. Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

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The Great Online Innovation Pile On Of 2017

PYMNTS

There seems to be an awful lot of piling on these days on the big online platforms. Its “Whole Paycheck” image combined with the rise in availability of organic foods in more traditional grocery stores put pressure on its stock, which was in the dumper, and the management team to do something to turn things around. Then there’s Amazon.

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Macy’s Misses On Holiday Sales

PYMNTS

managed to more effectively surf that enthusiasm wave, with sales up 5.7 percent during November and December, helped by higher customer visits and strong online sales during the holiday season. The Macy’s and Kohl’s miss stood out particularly since sales for the 2018 U.S. Target Corp.

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Toys R Us Eyes Liquidation Of US Operations

PYMNTS

Toys R Us managed to garner a $3.1 The current situation stems from a leveraged buyout of the Toys R Us brand way back in 2005, a move that saw alternative investment firm Bain Capital, global investment firm Kohlberg Kravis Roberts (KKR) and real estate investment firm Vornado Realty Trust heaping debt on the company.

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