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Einride Presses The Pedal On Autonomous Delivery

PYMNTS

Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. Scant information was immediately available from Einride, which appears poised to use that capital to expand internationally and otherwise continue development of its electric Einride Pods. Grocery Battleground. Freight Play.

Houston 116
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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm. The plan was approved by the U.S.

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Kicking The ‘Virtual’ Tires To Spur Car Sales As COVID-19 Hits Automakers

PYMNTS

Separately, the newswire noted, Cox Automotive estimated that sales in states with strict travel or “stay at home” restrictions, such as California and New York, have seen sales decline by as much as 90 percent. “When you look at March, we basically lost half the month,” Eric Lyman, chief industry analyst at TrueCar, told Reuters.

Houston 141
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How QSRs Bring Mobile And Digital Payments To The Table

PYMNTS

And online ordering platforms are raising capital: ChowNow , for instance, announced in May that it had notched $21 million in venture funding. The Los Angeles, California startup said in a press release at the time that it had raised the capital via a Series C round of funding, with Catalyst Investors and 3L Capital participating.

Mobile 179
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Bill.com Acquires Divvy For $2.5B To Enter The Spend Management Space

CB Insights

Bill.com: California-based Bill.com, a cloud-based payments platform, assists SMBs automate their back-end financial operations. and Houston, Texas. with a market capitalization of $10.7B. Divvy’s revenue doubled year-over-year to reach $8.3M in March 2021. Its AI-enabled platform helps its customers manage cash flows.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

First Capital Bank. TriState Capital Bank. So that’s where the capital to start New Haven Bank came from.”. California International Bank, N.A. TriState Capital Bank. Beacon Community Bank. Charleston. First Bank. Burkburnett. Bank of San Francisco. San Francisco. Haverhill Bank. Laurinburg. Sullivan Bank.

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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 FlexScore was bought by United Capital . HQ: San Francisco, California. HQ: San Rafael, California. HQ: Houston, Texas. HQ: San Jose, California.

Company 12