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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

2) for DPCM Capital Inc. , There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said. Michael’s experience also includes a role as chief operating officer of Klout, an online personal influence measurement tool that was sold in 2014, the report stated.

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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . Ant Group was launched in 2014 to provide global financial services. At the time, Credit Suisse and China International Capital Corp.

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Hotels, And India’s Middle Class, Show Path For Online Travel

PYMNTS

When it comes to retail, general commerce and online payments, the increasingly powerful middle class in India will probably get major credit in future textbooks for shaping the global digital economy. Look no further than an India-based hotel operation called Oyo for further evidence of that. Winning Formula. and Europe.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Glossier Lands $100M Investment To Expand Beauty Co.

PYMNTS

Sequoia Capital led the round, with participation from Tiger Global Management, Spark Capital and existing investors Forerunner Ventures, Thrive Capital, IVP and Index Ventures. Glossier announced that it has raised $100 million in Series D funding that it will use to expand the beauty company.

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BAM Completes $10-Million Investment to Fund Expansion

PYMNTS

BAM Worldwide, a provider of cash management and working capital, e payment solutions to the transportation industry , announced Tuesday (June 6) that it has completed a $10-million investment led by Millstone Capital Partners. BAM provides technology, payments processing and working capital loans to the U.S. trucking industry.

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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions. The ShipMonk funding is part of a surge in cash going to such B2B companies as GoSite , which targets small and medium-size businesses (SMBs) that are moving operations online.

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