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Bank Value: Here is a Better Way to Calculate and Manage

South State Correspondent

Ask a banker about the value of their bank, and they will either talk about some derivation of book value or earnings multiple. Banks often don’t know who their most profitable customers are, and if they do, they ignore the basics of targeting those customers and prospects with marketing, sales, and product management.

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Life House Tech-Focused Hotel Brand Closes $30M Fundraise

PYMNTS

Previous investors Global Founders Capital, Comcast Ventures and Trinity Ventures also gave money. Among the fastest-growing hotel brands, Life House has over 800 beds and 25 hotels that are expected to be operational by early next year. . Its website directly garners more than 65 percent of its bookings. .

Branding 130
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Capital One Sees Domestic Card Purchase Volumes Surge 11 Pct

PYMNTS

Amid the spate of financial institutions reporting results that show increased traction in consumer spending — especially across credit cards — add Capital One Financial to the list. percent in the period, management said on the call. In results posted Tuesday (Jan. The net charge-off rate was down 32 basis points to 4.32

Capital 130
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Southeastern Grocers Rolls Out IPO

PYMNTS

Southeastern Grocers , the parent company of brands such as Winn-Dixie, HAS unveiled a rollout of an initial public offering (IPO) of 8.9 LLC and BofA Securities are serving as joint lead book-running managers and representatives of the underwriters for the deal. 21) announcement. billion fundraise once expected.

Idaho 167
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Groupon Gets New Activist Investor

PYMNTS

Merage and his company, MIG Capital , based in Newport Beach, California, disclosed the 5 percent stake in the eCommerce company, the reason for which was that the stock was “undervalued, and represented an attractive investment opportunity,” he said. Groupon was MIG Capital’s largest stake in a previous SEC filing.

Capital 130
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Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

He needed a name for the company and liked the book. Four years and $35 million in venture capital funding later, Taylor’s company is expanding and simplifying the ability for eCommerce companies to build sophisticated yet simple web stores. A new Shogun was born. Its “store sync” was particularly helpful.

Retail 226
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Today In Payments: Railsbank Closes $37M Funding Deal; Google Critics Demand Prompt Antitrust Enforcement

PYMNTS

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible. Afterpay Rolls Out BNPL Cross-Border Pay For Merchants.

Google 193