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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.

Capital 150
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Travis Kalanick Disavows ‘Internet Food Court’ Using His Name

PYMNTS

Kalanick’s ghost kitchen concept, under the name CloudKitchens , has chefs working to make food from popular restaurant brands and then have the food delivered via one of the usual apps like Uber Eats, DoorDash, etc. The ghost kitchens are typically set up in lower-income areas so as to reduce overhead costs.

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Munchery Leaves Consumers, Vendors Out $6M

PYMNTS

That came after it shut down service in Seattle, Los Angels, and New York. million in senior secured debt, as well as convertible debt of approximately $23 million. The company ceased operations in late January after laying off 30 percent of its workforce in May 2018.

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Bulletin: A Cheaper Way To Sell In-Store

PYMNTS

Retailers run the retail space as if it was their own store, and there is even a salesperson on-hand who works for Bulletin, but each brand gets to train them. With that in mind, the company has secured funding from YC, Notation Capital, Halogen Ventures and Jesse Draper.

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

The SBA offers the “three Cs” to help aspiring entrepreneurs start up and scale up by making counseling available, providing more choices and chances to secure capital, and by helping them seize market opportunities to commercialize their ideas. Every business starts small.

National 150
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Team USA Launches Omnichannel Strategy For Olympic Retail

PYMNTS

Last year, it closed a $1 billion venture capital round , according to news reports from Reuters. Simon also pitched The Edit as a turnkey solution , meaning that everything from fixtures to security to displays to background music are on offer, starting at a $500 per month price point. The Economics.

Retail 118
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Chapter 11 Watch: Sears Watch, Restaurant Woes And Kim Kardashian’s Bodyguard

PYMNTS

” It’s an interesting move for the once-iconic Kmart brand, especially since those stores have been pretty much circling the drain since Sears acquired them in 2004. According to Nation’s Restaurant News , Cortland Capital Market Services LLC, which holds about $35.7 Garden Fresh Restaurant Corp., Hanjin Shipping Co.,