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Global Blue Buy Shows Int’l Consumer Payments Allure for Ant Financial, Others

PYMNTS

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. Taken together, the $350 million in capital invested by Ant and the group of financial investors values the firm with an enterprise value of about 2.3 billion euros.

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Decoded: The Alternatives To A Traditional IPO

BankBazaar

A special purpose acquisition company (SPAC) is a company that has zero commercial transactions, developed with the sole purpose of raising capital through an initial public offering (IPO) to inevitably acquire or merge with an existing company. According to a study, investment banks can charge fees of up to 7% of gross IPO proceeds.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Table of contents. Source: Getty.

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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

One of the biggest challenges these companies face is that many operate without a bank charter or license. Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. of monthly spend across 28 countries in Europe as of September 2018. savings accounts.

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Sprouting An Online Plant Startup From An Idea

PYMNTS

Eliza Blank was extremely keen on the benefits of plant ownership as a city dweller. And, in Blank’s experience, keeping her houseplants alive was a much more difficult feat than she ever had expected it to be. “I And a successful one, though not initially in the way that Blank had intended.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

A promising new idea — especially if it’s pitched by the right person — can essentially win an entrepreneur a blank check to bring their vision to life or help a fledgling venture fund land its all-important first investments. Crescent Ridge Capital Partners’ elaborate Ponzi scheme. Bouxtie’s broken promises.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

in 2018, up from less than $2B in 2013. Also in 2018, nearly 80M American households went camping — a new high. households that began camping for the first time in 2018, almost 60% preferred cabins, recreational vehicles, and other “glamping” amenities to sleeping in tents.