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GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

Capital 108
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Brex: Market volatility not ‘doomsday’ for tech funding

Bank Innovation

billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6

Marketing 199
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The Edge Desk Capitalizes On Growing Work-From-Home Market

PYMNTS

million from a venture capital firm to fund the business. In 2017, the company sold 1,500 desks in 42 days across 41 countries, and presented the product at the Cannes Festival of Creativity in June 2017. Rosenberg’s total marketing spend since The Edge’s inception is under $100,000. Life had other plans for Rosenberg.

Capital 163
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PayPal Working Capital Steps Into Germany

PYMNTS

PayPal is broadening its small business financing offering into the German market, a press release announced on Wednesday (Nov. PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts.

Capital 194
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Enterprise Cloud Platform Company Takes The B2B Venture Capital Lead

PYMNTS

This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.

Capital 192
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Things worth reading: 17th March 2017

Chris Skinner

Iceland lifts capital controls Is the Federal Reserve giving banks a $12bn subsidy? Iceland lifts capital controls Is the Federal Reserve giving banks a $12bn subsidy? The post Things worth reading: 17th March 2017 appeared first on Chris Skinner's blog.

Google 202
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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

As such, automakers are hitting the venture capital highway in droves. In 2017, there were 38 disclosed venture and seed rounds by automakers , up from 26 in 2016 — and astronomically higher than only six in 2015. Beyond rideshares, InMotion Ventures also entered the self-driving taxi market with a $3 million infusion in U.S.-based

Capital 109