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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. billion through the same date in 2019. billion through the same date in 2019.

Capital 188
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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

Capital 150
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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. percent in Q3 2019. Those repeat shoppers made 11.3

Company 131
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Flywire Raises $120M, Acquires Simplee Healthcare Tech Startup

PYMNTS

This funding round brings the company’s total capital investment to $260 million. Tiger Global Management and Adage Capital Management also joined the round as new investors, with participation from existing investors. percent from 2019-2028 and is expected to comprise a $2.5 It is estimated that U.S. It is estimated that U.S.

Boston 130
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WeWork Heads Toward IPO With $47B Valuation

PYMNTS

WeWork is heading to the public markets at the same time as the high-profile IPOs of Uber and Lyft had appeared to disappoint. If it decides to go public by the end of the year, it would likely hold the title of the second biggest of 2019. Uber holds the top spot with its $8.2 billion IPO.

Boston 169
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Freeletics Apps-In To Customizable Fitness

PYMNTS

Which is why Munich-based Freeletics is trying to disrupt the fitness market with a customizable training app that requires no equipment. Founded in 2013, the firm has recently raised its first ever capital round of $45 million after almost five years of bootstrapping. According to some estimates, Americans on the whole waste $1.8

Training 144
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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. Even so, September 2020 was one of the strongest months for IPOs since Uber went public in May 2019. Investment banking revenues hit a 13-year-low in 2019.