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GE Capital Exits Trade Finance With MUFG Acquisition

PYMNTS

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

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Square Capital Pulls eBay Into SMB Lending Space

PYMNTS

Bloomberg reported Tuesday (July 24) that eBay will begin offering merchants up to $100,000 in financing through Square Capital. The report also highlighted how eBay is working with PayPal rivals, Square and Apple Pay, following its split from PayPal in 2015.

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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

Munchery came on the scene in 2010 and hit a valuation of $300 million in 2015 after raising $87 million in a venture funding round. Its venture capital investors included Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and others, noted reports.

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What 2015 holds for banking

Abrigo

The IBM Institute for Business Value released its 2015 report, “ The paradox of Banking ”, which analyzes the existing market and makes predictions about how the landscape will evolve, what will make banks succeed or fail and how institutions can use the market trends to their advantage.

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France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

TheGuardian

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact France is Europe’s biggest supporter of “carbon bomb” extraction projects that hold enough fossil fuels to pump out more than a gigaton of CO 2 each, the Guardian can reveal. Continue reading.

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Perficient to Present at Fintech Generations 2021

Perficient

Fintech Generations is produced by Queen City Fintech (QCFintech), a premier global fintech accelerator program, and is part of the RevTech Labs operating companies. RevTech Labs alumni have raised over $2 billion in venture capital and have had more than $230 million in company exits.

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Monzo Courts SoftBank As Part Of £100M Capital Raise

PYMNTS

Monzo launched in 2015, and now serves an estimated 3.7 operations, reporting to Bloomfield. SoftBank’s future FinTech funding will likely come by way of its second Vision Fund, which started making investments last year. The conglomerate’s first Vision Fund invested $100 billion in startups like Uber and WeWork. million U.K.