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Judge Denies Bail For Accused Capital One Hacker

PYMNTS

The woman who was accused of hacking into Capital One’s cloud and swiping the information of more than 100 million people was denied bail, Bloomberg reported on Friday (Aug. 23), he said at the hearing that Thompson wasn’t a risk to the community and that her previous threats of suicide were not sufficient to detain her. “We

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Carpool Startup Scoop Raises $60M In Activate Capital-Led Round

PYMNTS

The funding round was led by Activate Capital with participation from Goldman Sachs, NGP Capital, Total Group, BNP Capital and others. Scoop launched in its home state of San Francisco before heading to Seattle. The money will be used to further expand and grow the platform. .

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HomeStreet to sell itself after tough year

American Banker

The Seattle bank's stock price fell in 2023 amid concerns over rising interest rates and its concentration of multifamily loans. The buyer is FirstSun Capital Bancorp, which raised $175 million as part of the deal.

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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

That came after it shut down service in Seattle, Los Angels, and New York. We have also enjoyed giving back to our community through meal donations, volunteer service, and so much more.”. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable.

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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. Weee, which was started in 2015, began as a community buying platform that received Asian spices and fresh produce, among other items. It has over 5 million registered users.

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Teacher-Focused Homebuying Startup Lands $7.5M

PYMNTS

“Our mission is to help these people build financial security and help them remain committed to their communities,” Landed co-founder Alex Lofton said. “We Landed said it has helped 200 teachers so far in areas like San Francisco Bay, Seattle and Denver. We try to stay flexible to people’s realities.

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11 Startups Show Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain.

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