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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

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. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. Ridesharing. Car Financing.

Capital 109
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Amazon’s Saudi Arabia eCommerce Site Debuts

PYMNTS

The website is a re-branding of Middle Eastern eCommerce site Souq.com , which was acquired by Amazon in 2017, PYMNTS reported. The feud between Bezos and the Saudi leadership had some analysts speculating that Amazon would curb its business in Saudi Arabia, although this does not seem to be the case.

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AmEx Business Survey Finds 30 Percent Of CFOs To Increase T&E Spending

PYMNTS

“Countries and businesses globally expect continued growth through 2018, with newfound confidence in Europe adding to carryover optimism from 2017 in Asia-Pacific and North America,” according to the 2018 Global Business and Spending Outlook Survey , commissioned by American Express and conducted by Institutional Investor Thought Leadership Studio.

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CFPB Updates Policy For Civil Investigative Demands

PYMNTS

“The new policy takes into account recent court decisions about notifications of purpose, and is consistent with a 2017 report by the Bureau’s Office of Inspector General that emphasized the importance of updating Office of Enforcement policies to reflect such developments,” the CFPB explained in a press release.

Policies 115
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Visa Celebrates International Women’s Day With A Global Challenge For Female Entrepreneurs

PYMNTS

According to a study by Babson College , all-male leadership teams receive 80 percent of the venture funding in the U.S. According to Fortune , the average deal size for women-led businesses in 2017 was roughly $5 million, while male-led firms averaged around $12 million. To compete, firms must have at least one female co-founder.

Regional 179
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Equifax Names Ex-Mastercard CEO To Its Board

PYMNTS

At Mastercard, he created and structured a business where he served as president of Mastercard’s Europe, Middle East, Africa and Canada regions until his appointment as president and CEO. At the end of 2017, the cost from the data breach stood at $439 million.

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Western Union Completes Relocation Of Headquarters To Denver

PYMNTS

4) that it has completed the relocation of its global headquarters from Englewood to Denver, Colorado, saying it expects to make a long-term economic investment in the region of more than $300 million over the next 10 years. The Western Union Company announced on Tuesday (Dec.

Denver 108