article thumbnail

GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. B2B Industrial is based in Illinois, while AMW is based in Arizona.

Industry 181
article thumbnail

Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community Banks Debut FinTech Alliance

PYMNTS

The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Arizona, which launched a “sandbox” earlier this year, said last week that there is a new participant in that FinTech-driven initiative. Here In The States.

article thumbnail

Robinhood's Newest Funding Round Grows To $660M

PYMNTS

“We've raised an additional $460 million in subsequent closings to our Series G to support our core product and customer experience and new offerings like cash management and recurring investments,” the representative noted. Sequoia, Andreessen Horowitz and 9Yards Capital are among some of the backers providing the new funds.

Arizona 178
article thumbnail

Delivering A Secure Seamless Banking Experience In The Age Of COVID-19

PYMNTS

One such player is Arizona Federal Credit Union (Arizona FCU), which is working to offer improved access to its 130,000 member-owners. These solutions are playing a particularly important role as bad actors ramp up their attacks to capitalize on chaos and confusion arising from the ongoing pandemic.

Arizona 159
article thumbnail

Food Delivery Shows No Sign Of Abating In Summer

PYMNTS

DoorDash, the country’s largest deliverer of restaurant meals, could be valued as high as $15 billion following a likely infusion of capital from existing investors. Uber Technology is reportedly offering $2.6 billion for Postmates – and is facing competition from at least one rival, a private equity firm.

Arizona 162
article thumbnail

Aura Completes $50M Social Bond For 32K+ Loans

PYMNTS

The latest move raises Aura’s raised capital amount to $403 million through 21 bond issuances, a number that has helped to fund 283,469 loans. Aura, along with Varadero Capital, provides borrowers with loans that save hundreds of millions in fees by not being predatory, the company said. “We

Arizona 107