52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported.

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Airbnb, Eyeing IPO, Removes Boston Listings Due To New Regs

PYMNTS

Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, units must now register with the city. Boston has received 1,778 applications for registration, and only approved 737.

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New Regulations Prompt Airbnb To Yank Boston Listings

PYMNTS

Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, units must now register with the city. Boston has received 1,778 applications for registration, and only approved 737.

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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. Unfortunately, we expect the unemployment rate to rise dramatically,” Rosengren said in remarks prepared for delivery via video to the Greater Boston Chamber of Commerce. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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Boston Fed Pres. Thinks Co-Working Spaces Could Hurt Economy

PYMNTS

The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. “I

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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. Taylor said marketing activities reflect his current scale as a small D2C brand.

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Cannabis Startups Expected To Boost Warehouse Rents In Boston, L.A.

PYMNTS

Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. It’s had a tremendous, positive impact on rents and property values for the markets where this has been legalized,” Circ said. Taking the experiences from the markets that have been at this for a few years, the suggestion is this will have a positive impact in these new markets.”.

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Mastercard And BJ’s To Offer A ‘Priceless’ Boston Experience

PYMNTS

Boston doesn’t quite make it into the top tier of U.S. A “Priceless Boston” experience that includes an all-frills tour of Fenway Park (and tickets to that night’s game), a NASA astronaut-led session at the Museum of Science and a fishing trip with head chef Ken Oringer from the Toro restaurant. “We’re cities, like New York, L.A. and Chicago, but what it does offer in history, culture and sports draws tourists from across the country.

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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. The $14 million of funding Rinse recently secured will not be going into the company’s tech as much as into building out its team as it looks to launch in new markets. The dry cleaning industry isn’t working. Customers feel it, vendors feel it— but both parties need it to work.

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ICBA President takes on The Boston Globe on cybersecurity

Long Lasting Ideas

Fine put up his dukes so to speak after an article in The Boston Globe published a story contending that small community banks faced the greatest risk from hackers. Continue reading ICBA President takes on The Boston Globe on cybersecurity at Bank Marketing Strategy + Ideas.

That Inexplicable In-N-Out Burger, And Marketing Stunt #Fails

PYMNTS

A host of potential resolutions to the mystery flooded across the web – the most popular being that this was some kind of marketing stunt by In-N-Out, possible portending a New York opening. The problem with marketing stunts is that they rarely thread that needle.

Verdeva brings PayByCar to market via E-ZPass agreement

Mobile Payments Today

The Boston-based company has a new twist on in-vehicle payments that uses a device already present in some 35 million automobiles on the road today

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Fed expands reach of new credit facility to muni bond market

American Banker

The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments. Federal Reserve Liquidity Munis Money market funds Coronavirus Federal Reserve Bank of Boston

Bringing The Farmers Market Online With Apps

PYMNTS

Customers download the app through the Apple App Store or Google Play and sign up for the service and choose the market that suits them. At the same time, Tortora noted the technology has been adopted by farmers markets nationally (the company white labels its product as well).

Citi: Healing Broken PPE Supply Chains With Streamlined Cross Border Payments

PYMNTS

While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible.

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HomeStreet to Buy Calif. Branches from Boston Private

American Banker

billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3 billion-asset Boston Private Financial Holdings in Boston. The $5.3 breaking_news community-banking m-a consolidation ca dealmaking-strategy

Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Perhaps the most important thing for retail executives to understand outside of the “early days” perspective is that AI is going to morph from an engineering-only property to marketing and from a big-scale retailers to small and medium-sized businesses (SMBs). This is easy.

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Fed takes big step toward launch of Main Street Lending Program

American Banker

The Federal Reserve Bank of Boston published details on the terms for lenders and borrowers to participate in the facility intended to provide coronavirus relief funds to middle-market firms.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston.

How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. This demand is driving the global expense management software market to reach $6.6

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Insurtech hubs around the world and a recent fireside chat at InsurTech LA

Daily Fintech

Insurtech Boston – Hosted by the founders of Ask Kodiak , Insurtech Boston holds events every six months or so in downtown Boston. As mentioned in articles before , there are a plethora of Insurtech conferences throughout the year. .

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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. The company is going to merge with Diamond Eagle Acquisition and SBTech. Diamond Eagle will change its name to DraftKings Inc.

#Inbound2019: New Content Marketing Tools To Help Fintechs “Grow Better”

William Mills

Last week, WMA attended Inbound 2019 in Boston alongside 26,000 other eager marketers. Customer experience, or what Brian dubs “experience-market fit” has now emerged as perhaps the last remaining differentiating factor

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Circle buys Poloniex to form 'global token market'

Payments Source

The Boston-based Circle has offered several services over the past few years and has shifted its strategy. M&A Cryptocurrencies Bitcoin Mobile wallets Circle

It's the same old story for mobile payments adoption

Mobile Payments Today

A recent field test from the Boston Fed's Payments Strategies group shows the shortcomings of today's market

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With GreenWise Market, Publix Takes On Specialty Grocers

PYMNTS

Instead, it is floating a different type of test balloon in the market by opening one of its Lucky’s Markets in Delray Beach. Publix’s responses, GreenWise Market, has officially opened for business this week.

Bankers: Is It Worth Buying Checking Accounts

Jeff For Banks

years duration based on FHLB Boston's spot rates at the time of printing. And I'd like my marketing friends to chip in, but 2% seems a stretch. checking accounts core deposits deposit promotion fhlb fhlb boston pay to play product profitability strategic management

Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. Digital is forcing sweeping changes in corporate banking, and institutions will need to adapt or see their competitiveness and market share steadily spiral down over the next few years,” warned BCG Senior Partner Dr. Carsten Baumgärtner in a statement.

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Canada Goose Outerwear Company Is Flying High

PYMNTS

a premium outerwear brand known for its goose-down jackets with fur-trimmed hoods, has announced that it plans to open three more retail locations in the fall: in Boston, Calgary and Tokyo. The new Boston Canada Goose store will be located in the urban, upscale Prudential Center shopping mall. Retail apparel boston brand growth brick and mortar Canada Goose canadian ecommerce fashion international Japan News omnichannel retail outerwear physical retail What's Hot

Why Doing Retail For Runners Isn’t About Chasing The Mass Market 

PYMNTS

There is no shortage of startups that enter the wild world of direct-to-consumer (DTC) retail to address a hole in the market that leaves a massive number of consumers underserved. But the founding story for Tracksmith about looking around the market in 2013 and realizing there was a need to be met is somewhat eye-catching simply because of the group it chose to serve: runners.

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Amazon Pushes Retailers To Same-Day Delivery

PYMNTS

In data that will likely surprise anyone who has avidly watched retail over the last few years, the market is trending strongly toward same-day delivery. According to the “2017 Digital Commerce Benchmark Survey,” conducted by Boston Retail Partners (BRP), some 65 percent of retailers will offer same-day delivery within the next two years. The study also found three key areas of competence for retailers looking to remain competitive in the emerging digitized markets: 1.

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The Week In Very Weird Commerce

PYMNTS

So in some sense, it is not surprising that the team at Boston Dynamics chose a dog to be their robotic delivery beast. Spot is Boston Dynamics’ attempt to branch out some — since before being bought by Google, its robots were largely funded by military contracts.

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Super-Sizing Commerce For The Super Bowl

PYMNTS

Super Bowl LI is less than 24 hours away from kicking off and deciding once and for all which city is better — Atlanta or Boston (though obviously it’s Boston — since the global headquarters for PYMNTS.com is located here). OK, well, maybe we’re just deciding which city’s football team is better (still Boston, because, well, Go Pats!), Commerce atlanta boston cpm Domino's falcons Main Feature pats Saturday Feature super bowl

LevelUp, Onosys partner to expand consumers’ order-ahead options

Payments Source

Onosys enables ordering ahead at Outback Steakhouse, Round Table Pizza, Boston Pizza, and others. Mobile payments Digital marketing Retailers LevelUp

Shared Kitchens Help Restaurants Capture Growth Of The Food Delivery Market

PYMNTS

Restaurants may want to reach more delivery customers by expanding into new markets, especially as the market for food delivery could grow to $17 billion by 2020. And Grubhub has been in expansion mode , gobbling up Boston-based Foodler, Groupon’s OrderUp and Yelp’s Eat24 in 2017. Target Market. So far, we’ve been focused more on restaurants that actually already have a market presence, and they’re just looking to expand,” Collins said.