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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

and Andrew Pforzheimer, former CEO of the Barcelona and Bartaco brands. His fund has invested in brands including Sweetgreen, Curry Up Now and The Hummus & Pita Co. In August, Ruby Tuesday Founder Sandy Beall and Doug Jacob, co-founder of the Washington, D.C.-based to focus on the quick-service sector.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. The ratio would provide a bank’s current core capital position to risk-adjusted assets. 9) Brand Matters: SVB had one of the best brands in banking. Unfortunately, in this case, the brand couldn’t overcome the sizable liquidity risk on the balance sheet.

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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum. The report said Alibaba has used such practices, among other companies.

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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

Blend’s venture into new territory comes a month after it raised $75 million in Series F funding led by Canapi Ventures , the Washington, D.C- based early growth, FinTech-focused venture capital firm. The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. The round brought the company’s value to nearly $1.7

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Postmates To Hire More Engineers As It Expands In The Seattle Area

PYMNTS

The company is boosting the number of engineers it is hiring in and around the Seattle, Washington area. While Postmates has an office at WeWork in Bellevue, Washington employing 22 engineers, the job ads show the company is seriously growing its presence in the area. With that raise, it has a valuation of more than $1.85

Seattle 115
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The Bouqs Secure $30M For Floral Delivery In Japan

PYMNTS

The Bouqs Co-founder and CEO John Tabis said the company is moving into the Japanese market as part of its international expansion plans. But the thing that’s worked for us, the first is the way that we’ve sourced is unique and it’s really the foundation of our brand.”. million and was acquired by FTD in 2018. .

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This year we expect another year of market-leading growth. Noting that existing Carvana markets grew by 84 percent, he said, “The company’s four oldest markets each more than three years old grew by 50 percent and our oldest cohort of Atlanta grew by 18 percent. New Markets. In 2019, we increased GPU by $750.

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