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Capital One continues to grow card business, auto book

BankInovation

Capital One's focus on digital tools and dealer relationships contributed to increased auto originations in the first quarter as the lender looks to keep pace with industry competition. Auto originations increased 20% sequentially and 33% year over year to $11.7

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Upcoming Tell-All Book Questions Uber’s Fee Structure

PYMNTS

Uber is trying to reassure its customers before a tell-all book about the company is released. The project will create 3,000 new jobs and more than $75 million in capital investment. Greg Abbott announced that Uber will receive $24 million from the state to establish a new U.S. General and Administrative Hub in Dallas.

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Grab Notches $200M Investment From Booking Holdings

PYMNTS

based Booking Holdings amid a strategic partnership. With the tie-up, users of Booking Holdings’ apps will be able to call for Grab vehicles, while users of Grab’s app will able to book travel services, Reuters reported. Southeast Asia’s Grab has taken in a $200 million investment from U.S.-based

Regional 128
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Airbnb’s Total Booking Value Soars 30 Pct. YoY

PYMNTS

billion in total booking value, a 31 percent boost from the previous year. Sources told The Wall Street Journal that the home rentals company booked 91 million nights on its platform in the quarter. Airbnb’s last raise was in 2017, with participation from Andreessen Horowitz, Sequoia Capital, Greylock Partners and General Atlantic.

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Is 'technofeudalism' killing capitalism?

American Banker

Cloud-based tech giants like Amazon, Google and Uber are changing the economy, and not for the better, asserts Yanis Varoufakis, a former finance minister of Greece and a professor at the University of Athens, who has written a book about the dangers of what he calls the "cloudalists."

Capital 63
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Instamojo Rolls Out InstaCash Loans For SMB Working Capital

PYMNTS

To provide retailers with the ability to attain working capital, India-based payment gateway and online shopping platform Instamojo rolled out InstaCash. Financial institutions have not been able to meet the need for capital loans since there is not sufficient access to information on small business sales and clients, among other data. .

Capital 168
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Capital Float Tops Up Capital Raise

PYMNTS

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 According to Capital Float cofounder Sashank Rishyasringa, the deal brings the total raised for Capital Float in 2016–2017 to $9.2 The company has secured significant venture capital, too. million through this route.

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