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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. .

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Travel Firm Booking Invests $500M In Didi Chuxing

PYMNTS

Chinese ride-hailing company Didi Chuxing has received $500 million in funding from Booking Holdings. dollars on its balance sheet after it raised $4 billion in new capital late last year. In addition, Didi customers can book hotels through Booking.com and its sister site Agoda.

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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.

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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.

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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. For example, many banks don’t risk-adjust their loans using a risk-adjusted return on capital model such as Loan Command. While these bankers are not wrong, they are not exactly right.

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Citi Ventures Co-Leads Even Financial’s $25M Round

PYMNTS

Existing investors American Express Ventures, Canaan Partners, F-Prime Capital, GreatPoint Ventures, and Goldman Sachs also participated. B2B2C FinTech company Even Financial announced that it has raised a $25 million strategic round of investment led by Citi Ventures. This latest round has brought Even’s total raise to date to $50 million.

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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

News has emerged, via Bloomberg , that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the company’s new chief financial officer. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Toyota’s Move.

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