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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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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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Sibos 2017: How blockchain may transform capital markets

Bobsguide

In one of the most eagerly received announcements of Sibos 2017 so far, today Broadridge Financial Solutions revealed the successful completion of an operational test case which demonstrates the capabilities of blockchain technology to enhance the operational efficiency and auditability of bilateral.

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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141
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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. The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Ridesharing.

Capital 109
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Aflac Acquisition Targets Mid-Market Financing

PYMNTS

has announced a takeover that will position the company to strengthen its financing operations in the middle market. 10) said that Aflac Global Investments has reached an agreement to acquire a minority stake in Varagon Capital Partners, a direct lender to mid-market companies. ” In another statement, Bradley E.

Marketing 130