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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

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Tracksmith: Taking DTC Running From Heartbreak Hill To The Global Market

PYMNTS

Boston is home to the world’s “statement race” — the Boston Marathon. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world.

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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Small and medium-sized brands are working at an incredible pace to keep up with both increased demand and consumers’ service-level expectations,” said Jan Bednar , ShipMonk's founder and CEO.

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Caesars Puts Stake In Online Betting Co DraftKings

PYMNTS

Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia.

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New England Confectionery Co. Sells For $18.8M At Auction

PYMNTS

Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. “We We started as a family-owned candy company back in 1847, [and] we’re thrilled to work with a fourth-generation candy company that brings new stewardship to our brands,” Necco Chief Executive Michael McGee told the Globe. “I

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

Select VC Investors: Khosla Ventures, Social Capital. Cafe X is a robotic cafe in San Francisco that serves premium coffee using mobile ordering and automation technology. Select VC Investors: Cue Ball Capital, Valley Oak Investments. Select VC Investors: Otium Capital. Select VC Investors: Venture Capital.

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Happier Hour: 55+ Startups Disrupting The Alcoholic Beverages Industry

CB Insights

Whether you call it happy hour, apéro, or aperitivo, the couple of hours right after work and before dinner is a key drinking occasion for major alcohol brands. To tap into the craft spirits and new alcoholic beverages trends, major alcohol companies such as Diageo, AB InBev, and Pernod Ricard have all started to invest in emerging brands.