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Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

PYMNTS

We’ve got 17 months’ worth of cash without further raises of capital,” the executive said. Credit Card’s Profit Squeeze. Credit card companies, faced with an increase in costs associated with rewards and rising loan losses, have seen their profitability dip of late. Seattle Taxation Change of Heart. the CEO said.

Seattle 100
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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

PYMNTS

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

Taxes 100
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth. Growing the internet economy.

Online 98
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Avalara Raises $96 Million in New Funding

Fintech Labs Insights

Avalara , an innovator in automated tax management for small businesses, raised $96 million in new funding from a group of investors including Warburg Pincus, Sageview Capital, and Technology Crossover Ventures this week. Avalara’s total capital raised is more than $318 million. billion in taxes in 2015.

Taxes 12
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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

HQ: Seattle, Washington. Income tax service. AI for capital markets news. Tags: Consumer, SMB, accounting, bookkeeping,, tax returns, tax prep. Total raised: $154.3 million ($98.3 million Equity, $56 million Debt). HQ: Sao Paulo, Brazil. Source: Crunchbase. International payments service. Latest round: $38.5

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GonzoBanker Awards 2017

Gonzobanker

Bravo to CEO Brian Vance, President Jeff Deuel and team for a watershed expansion into the hot Seattle market with a bank whose commercial skills can complement those of its acquirer. The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking.

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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

The fintech sector attracted $332 million in new capital the first week of August. Four of those came out of the most recent batch of companies launched from accelerator 500 Startups , where each received $125,000 in seed capital. Middle market capital matchmaker. HQ: Seattle, Washington. Self-employment tax payments.