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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

At its peak, holiday shoppers were spending approximately $1 million per minute online to soak up big deals. $3 3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., 60 percent | Portion of Singapore’s national spend done through payment cards.

Lending 100
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Amazon Tracker: Cash In Bloom

PYMNTS

The online retail giant’s estimated market cap sat at just a tad over $439 billion—nearly twice that of Walmart. In an agreement with the FTC, the online retail giant will end appeals to last year’s court findings that Amazon billed consumers for unauthorized in-app charges incurred by children. This week, Amazon is at it again.

San Diego 101
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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans. He also threw in the obligatory plug, noting that Massachusetts has a “nation-leading innovation economy with a highly educated and skilled workforce.”.

Apple 101
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Global supply chain risk and resilience

BankUnderground

They can be concentrated (eg the 2011 Japan earthquake) or broad (eg the Coivd-19 pandemic). Most firms involved in GSCs are aware of idiosyncratic shocks – those which affect single sectors or factories in single nations. From the 1990s until recently, shocks rarely involved many sectors/nations simultaneously.

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India’s Three Largest Cities Take The Lion’s Share Of The Country’s Startup Deals

CB Insights

in funding since 2011. Delhi and its surrounding NCR (National Capital Region) area came in a close second, at 29% each. The country’s most well-funded startups are mostly concentrated in the Delhi region and Bengaluru, in keeping with overall deal distribution. India’s top cities by deals. in total.

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Morning Scan: SoFi Mulls Utah Bank Charter

American Banker

The Wall Street Journal published a lengthy profile Tuesday of online lender Social Finance, which has made $10 billion in loans, including student loans, since 2011. While banks are rushing to disrupt themselves through new offerings and partnerships with Silicon Valley, the startups are beginning to look more like banks.

Utah 28
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The Top 20 Venture Capitalists

CB Insights

Brian Singerman started his career as a Software Engineer for 3D online virtual-world company, There Inc. In 2011, Brian was promoted to Partner of Founders Fund where he still invests today. In 2011, Jeff parted ways with OpenTable after successfully taking the company public in 2009. BRIAN SINGERMAN. JEREMY LIEW.