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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston. DraftKings was founded in 2011.

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One Food-Ordering App To Rule Them All

PYMNTS

It’s a hungry brand, gobbling up three different food delivery competitors in the last quarter alone: Boston-based Foodler, Groupon’s OrderUp and most recently, Yelp’s Eat24. Grubhub absorbed 27 of OrderUp’s markets, including Baltimore itself, reported The Baltimore Business Journal. Foodler launched in Boston in 2005.

Baltimore 138
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Digital payments on the rise in India – what does this mean for the region?

NCR

Banks and card providers have been devoting a lot of attention recently to Asian markets, and it’s not hard to see why. Recent figures have highlighted how efforts are being made to boost banking infrastructure in this part of the world and deliver the right technologies to consumers to help them embrace digital.

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Kreditech Taps mBank Veteran Michal Panowicz To Lead on Products, Technology

Fintech Labs Insights

Panowicz, who worked for fellow Finovate alum mBank as Senior Director and Managing Director from the fall of 2011 to the spring of 2015, will be responsible for Kreditech’s product and technology departments. Founded in 2012 and headquartered in Hamburg, Germany, Kreditech demonstrated its technology at FinovateSpring 2014.

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VC Challengers: 7 Largest U.S. Equity Crowdfunding Startups

Fintech Labs Insights

Startups looking to raise capital have more options today thanks to evolving technology, regulation and market behavior. Initially, crowdfunding had adverse selection problems (e.g. only seeing deals that could not raise elsewhere), but now that it has matured, it’s becoming an option to other sources of early capital (eg. 8 Mar 2022.

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Wayfair’s Burgeoning Home Goods Ecosystem

PYMNTS

In fact, in its founding days back in 2002, Wayfair fit comfortably in the spare bedroom of Conine’s Boston-area home. billion in annual revenue, has a stock market valuation of $10 billion and an employee headcount that is expected to surpass 10,000 by the end of 2018. As of today, Wayfair brings in $6.6 Doubling Down On Tech.

Boston 100
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Carmageddon: The Downshifting of America’s Auto Industry

Gonzobanker

According to an estimate by Boston Consulting Group, “One-quarter of miles driven in the U.S. Over the last five years, banks and credit unions have been loosening underwriting policies to maintain competition in the growing auto market. Lenders aren’t seeing this only in the subprime market. This is a record high.