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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Regional 188
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eCommerce Co Jumia Files US IPO

PYMNTS

Founded in 2012, Jumia also became the first African unicorn startup in 2016 after a $326 funding round that included Goldman Sachs, AXA and MTN. We’re really focused on growing our existing business, leadership position, number of sellers and consumer adoption in those markets,” Poignonnec said.

US 129
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Macy’s Gives Boost to Its Digital Team

PYMNTS

Starting at the company in 2012 as Macy’s VP of engineering, Anwar founded MacysLabs. In this new role, Robinson will focus on the company’s entire product management portfolio, digital user experiences and omnichannel operations. Macy’s CEO, Jeff Gennette, commented on these two new strategic hires.

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Macy?s Names Chief Technology Officer To Lead eCommerce Teams

PYMNTS

Before working for Home Depot, Krishna oversaw Target ’s web technology and operations. In addition, he worked in leadership positions at Deloitte Consulting and FedEx Kinko’s. Still, Macy’s is losing market share to competitors such as Amazon , according to Coresight Research. The retailer’s website has 55.9

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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. They are often derided as expensive PR and marketing pushes, or criticized for lack of a mission focused enough to produce real results.

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Beneficial State Bank’s financial activism

Independent Banker

Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. Most organizations … are like, ‘Where is the most profitable market segment?’” Beneficial State Bank achieved its B Corp status in 2012 and renews it every three years.

Oakland 153
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Community Banking According to Andy

Jeff For Banks

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. However, it had a great group of employees and was in a market that I knew very well. The result was that our non-staff expenses have gone from 2012 levels of $2.4MM to 2020 at $2.7MM.