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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

Greg Golkin, managing partner at Kitchen Fund, is named as president. Tastemaker’s chief financial officer is Chris Bradley, managing director of Mistral Equity Partners, a private equity firm whose portfolio owns El Pollo Loco and Jamba. “We Listed as co-CEOs are David Pace, chairman of the board at Red Robin Gourmet Burgers Inc.

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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) The DFI will be headed by Faheen Allibhoy, a country manager responsible for JPMorgan’s West African division. The investment gap is roughly $2.5

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Vocalink Brings Real-Time Payments To Saudi Arabia

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” Mastercard’s General Manager of Saudi Arabia & Bahrain J.K. . ” Mastercard’s General Manager of Saudi Arabia & Bahrain J.K.

Payments 149
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Xero Highlights South Africa’s Late Payments Surge

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“It’s not right, or fair, that [SMBs] have to deal with late payments ,” said Xero’s General Country Manager for South Africa Colin Timmis in a statement. The figures, outlined in Xero’s latest State of Late Payments report, highlight the cash-flow challenges that South Africa’s estimated 2.5

Payments 101
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Cross-Border Payment Efforts Look To The Blockchain And Beyond

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Bill.com noted it has three million customers in place and manages $60 billion annually in payments volume. In reference to costs, the average global remittance (overall) cost stood at 7 percent as of Q4 2018 – 4 percent higher than the 3 percent target set in the Sustainable Development Goals for 2030.

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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

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Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security. With the global self-driving vehicle market expected to grow rapidly from 2021 to 2030, players are now diving into exploring the technology’s many potential use cases. For the full story, download the Tracker.

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