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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

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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.

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Mastercard Commits $500M To Boost Black Communities, Businesses

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The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Mastercard said it will invest $500 million in Black communities across the U.S. This is a time for action. Louis and Dayton, Ohio.

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Scammers Take Used Car Buyers For A Ride Amid Pandemic

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But scam artists are capitalizing on this new way to buy a car, reports CBS Los Angeles. Steve McFarland of the Better Business Bureau said one telltale sign of a scam is when the buyer is asked to pay in gift cards. “If

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Anti-Bias Lending Software Developer Zest AI Lands $15M

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The Los Angeles-based software startup said it will use the injection of capital on research and development as well as the marketing of its Model Management System, designed to remove racial, gender and other bias from the credit and loan approval process. Zest on Tuesday (Oct.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

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What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Now: Market caps are a simple, loose shorthand for how much it would take to acquire a company (without necessarily taking into account capital structure).

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Munchery Leaves Consumers, Vendors Out $6M

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Meal kit service Munchery has filed for bankruptcy and still owes $3 million in unfulfilled customer gift cards and another $3 million to its vendors and suppliers. That came after it shut down service in Seattle, Los Angels, and New York. The company expanded too aggressively in its early years,” the filing states.

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Analysts Have Mixed Views On Apple Card, Subscription Services

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a month and will give subscribers access to 300 magazines as well as articles from newspapers including The Los Angeles Times and The Wall Street Journal. For payments peeps, the day’s highlight event was the announcement of the coming Apple credit card. That card will come with no card number or expiration date on it.

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