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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150
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Prescription Drug Discounter GoodRx Launches IPO

PYMNTS

If approved, GoodRx will be listed on the NASDAQ Global Select Market, under the ticker symbol “GDRX.”. Lack of affordability in healthcare is a contributing reason why 20 percent to 30 percent of prescriptions are left at the pharmacy counter,” the company wrote in its filing with the Securities and Exchange Commission.

Capital 168
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Measuring capital at risk in the UK banking sector

BankUnderground

The probability of an extreme stress event with losses above £91 billion (roughly 19% of CET1 capital) increased from 1% before the pandemic to 4.1% Concentration risk in the economic system, such as vulnerability to shocks to large non-financial corporations, may lead to remarkable fluctuations in economic activity ( Gabaix (2011) ).

Capital 97
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Decomposing changes in the functioning of the sterling repo market from 2014 to 2018

BankUnderground

Repo markets form part of the plumbing of the financial system. When there is a blockage in repo it has repercussions on financial markets. Importance of repo markets. Repo transactions are vital for facilitating the flow of cash and securities around the economy. Rupal Patel. Recent developments.

Marketing 107
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Startup Scores $62 Million For Trade Credit Risk Solution

PYMNTS

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). The company raised about $62 million from investors at Long Arc Capital and Bpifrance; it will use the funding to focus on the development of its technology.

Capital 100
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Software Co RiskLens Raises $20M To Mitigate Cyber Risk For Businesses

PYMNTS

The round was led by Paladin Capital, and MassMutual Ventures, F-Prime Capital, Dell Technologies Capital and Osage Venture Partners all participated. The funding follows a $5 million series A round in July, and it will be used for expansion of sales, marketing and engineering, among other things.

Software 100
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Fusebill Secures $6M For Subscription Billing Solution

PYMNTS

The company also pointed to the spiking demand for cloud billing solutions, citing research from Agile Monetization Platform that found software is headed for a $102 billion market valuation in 2020. ” Fusebill’s announcement said the company has doubled its revenue every year since it launched operations in 2011.

Security 100