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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.

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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. The company works in partnership with fleet managers to deploy those vehicles, or sells them outright, and has clients such as supermarket chain Lidl. Grocery Battleground. For instance, Kroger Co., Freight Play.

Houston 116
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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.

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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. Power managing director, consumer lending and automotive finance.

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

CB Insights

Bill.com , a cloud-based billing, accounting, and payments platform, has acquired Divvy , a spend management platform, in a stock and cash deal valued at $2.5B. Divvy: Utah-based Divvy is a spend management platform that integrates expense management and smart corporate cards into a single platform for enterprises.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Teaching people about wise money management is a key part of the Credit Builder Account program, Bynum says. “We First Capital Bank. TriState Capital 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. Wealth management platform. HQ: San Rafael, California. HQ: Houston, Texas.

Company 12