PYMNTS
MAY 16, 2016
And possibly at the hands of some rather unexpected buyers: Berkshire Hathaway Chairman Warren Buffett and Quicken Loans Founder (and Cleveland Cavaliers owner) Dan Gilbert. Berkshire Hathaway seems to be backing the financing for this exercise in a move similar to its role in 3G Capital’s takeovers of H. Heinz and Kraft.
PYMNTS
MARCH 5, 2016
But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling. Among the most common complaints for online lenders included “high interest rates, unfavorable repayment terms and lack of transparency,” the report wrote.
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Abrigo
JANUARY 22, 2015
Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). Its goal was to capture the perspectives of small businesses with less than 500 employees across ten states.
PYMNTS
NOVEMBER 16, 2016
Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. They can account for almost 3 percent of all revenue lost.
PYMNTS
MARCH 11, 2020
Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”.
CB Insights
FEBRUARY 12, 2020
Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital. Proformex , a Cleveland-based life insurance policy management platform, raised $500K from undisclosed investors as indicated in its Form D filing. The company has raised $7M in total disclosed funding to date.
PYMNTS
SEPTEMBER 21, 2016
ACV is a digital auto dealer app, allowing auto dealers to view, bid and purchase car inventory via online auctions. The company appointed former Synacor Founder George Chamoun as its CEO and received $5 million in funding from a group of venture capital companies on Sept. In the U.S. And the dealer can start bidding on the car.
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