FirstInternet

DECEMBER 10, 2019

And it’s likely that, unless you operate or are involved in the financial functions of a business, the term is something of a mystery. Managing working capital on a day-to-day basis is vital for any business. Utilize excess capital efficiently. For many companies, it’s also an important part of their ongoing growth strategy.

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CB Insights

NOVEMBER 30, 2021

Fonoa , a provider of automated tax compliance tools, has raised $25M in a Series A round. The round drew participation from Index Ventures, FJ Labs, OMERS Ventures, and Moving Capital, among others. HOW’S THE COMPANY PERFORMING? Examples include Uber, Lime, Zoom, GoStudent, and Teachable. Want the full post?

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BankUnderground

NOVEMBER 16, 2023

Some have said that companies have increased their profits over that period: so-called ‘greedflation’. We use published company accounts for thousands of large listed companies to look for signs of increased profits in the data. Companies in the euro area are in a similar position. Why look at large companies?

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CB Insights

MARCH 4, 2022

Anrok , a SaaS sales tax solution, has raised $20M in a Series A. The round drew participation from Index Ventures and Sequoia Capital. HOW’S THE COMPANY PERFORMING? California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. Want the full post?

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PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. Alfa-Bank and Novolipetsk Steel Company (NLMK), along with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via Marco Polo.

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PYMNTS

FEBRUARY 1, 2021

Special purpose acquisition companies, or SPACs , are now eyeing the Asian market for merger deals as they compete to finalize deals before their initial public offerings (IPOs) expire. SPACs, also known as blank-check companies, have become a popular vehicle on the U.S. market for taking private companies public.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. Digital commerce is a capital-intensive business model, he said, and keeping pace with buyer demand puts a strain on finances.

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PYMNTS

FEBRUARY 23, 2020

Credit Karma, currently a privately-held company, could find itself owned by Intuit by Monday, officials said, unless the deal falls apart. Intuit is known for making online tax filing service TurboTax, which is used by millions of people. The company makes money when users use those products.

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PYMNTS

MAY 19, 2020

Payment collections software company Ontario Systems has acquired SwervePay to help bolster its electronic payment capabilities, according to a press release. Ontario Systems aims to sell RevQ+ software on the market, which works with managing the collection of fees for court-ordered debt payment, income taxes and property tax.

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PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. based Paid will go toward enhancing the company's eProcurement solution for both buyers and suppliers. million in new funding for U.K.-based and Hong Kong.

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PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . The decision comes after a lawsuit filed against the company by COTECH SA. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

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Taxes Mobile Management blockchain 101

PYMNTS

DECEMBER 15, 2020

the current wholly-owned intermediate holding company of JD Sports Fashion Plc in the U.S., Also, the Mersho Brothers, who operate Shoe Palace, have been issued equity in Genesis so that they will have 20 percent ownership of the enlarged group in the U.S. Shoe Palace provided a $52 million pre-tax profit in the year ending Dec.

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PYMNTS

MARCH 1, 2016

-based consumer bank and also the corporate investment bank at the expense of, most notably, the company’s presence in Africa, where it intends to cut its presence. Oh, and the company is also cutting its dividend – something no one on Wall Street likes to see. The Tuesday news takes place as the company brings a new leader, James E.

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PYMNTS

JANUARY 5, 2020

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. PSUs calculate a borrower’s working capital requirements by looking at the difference between assets and liabilities. Assets don’t help companies to repay loans.

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PYMNTS

DECEMBER 20, 2019

The company connects into small businesses’ bank accounts and credit card transaction data to automate data collection and analytics, providing firms with real-time visibility into their finances. Sleek offers a B2B service that enables startups and young businesses to incorporate and operate, targeting firms in Singapore and Hong Kong.

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PYMNTS

SEPTEMBER 27, 2019

A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations. said this week.

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PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. based company said it will use its seed funding to propel the company’s expansion. Lendingkart.

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South State Correspondent

DECEMBER 6, 2022

However, now is the time to analyze and understand how inflation affects CRE net operating income (NOI), DSCR, and free cash flow. One reason central banks want to keep inflation low (at 2%) is that non-financial companies outperform in low-inflation environments. History Lesson.

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South State Correspondent

MARCH 30, 2022

Research by various consultants shows that 80% of companies across industries rate themselves as providing superior service, but only 8% of these companies genuinely deliver such service. Banks can then calculate SVA, which requires banks to subtract their cost of capital from net operating profit after tax for each client.

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PYMNTS

MARCH 3, 2020

Uber said that it has sold its food delivery operation in India to Zomato , a local competitor, for $206 million, according to TechCrunch. That also encompassed “reimbursement of goods and services tax receivable from Zomato” of $35 million. percent in the food delivery company. Venture capital fund Prosus Ventures led round.

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PYMNTS

OCTOBER 26, 2018

This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points. raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Businesses across Asia, South Africa, the U.K.

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PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3 million funding found for its small business working capital offing.

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Fintech Capital Lending Operations 155

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. Its capital city of Brussels, which serves as a home base for various international organizations, is working to also becomes a top contender as a global tech center. environment.

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PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. Participants in the round also included 42K Investimentos, Chromo Invest and Capital Labs, as well as previous backers Yellow Ventures and Osher Tech.

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Fintech Capital New York City Analysis 188

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing.

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Capital Lending Taxes Analysis 128

PYMNTS

JUNE 14, 2019

Funderbeam operates a blockchain-powered funding and trading platform for the private sector in an effort to address the small business venture and capital gap. 406 Ventures led the round for the company, which provides automated cybersecurity solutions for corporate customers with integrated machine learning. Accomplice and.406

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PYMNTS

DECEMBER 10, 2019

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. . One example is Uber losing its license to operate in London , a decision that is currently under appeal.

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PYMNTS

JUNE 6, 2019

to significantly increase their liabilities, leaving some investors caught off guard, according to Bloomberg Tax reports Wednesday (June 5). The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments.

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PYMNTS

MARCH 7, 2018

-based B2B FinTech, has raised $40 million in venture capital, according to TechCrunch reports on Tuesday (March 6). The company offers an all-in-one suite of human resources solutions, including payroll and employee management. We’ve always taken a very measured approach in how we built the company,” he said.

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CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Today, it works with companies in over 120 countries spanning every industry, company size, and business model. Virtual card issuance.

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PYMNTS

FEBRUARY 20, 2020

The company said in a statement Wednesday that, after discussions between the U.S.-based based Wells Fargo and Malaysian group MUI Asia , it should be well-poised to utilize the needed funds from its working capital facility to meet its immediate funding needs. percent decline reported until June of last year, when the company lost £9.8m

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PYMNTS

OCTOBER 6, 2020

has raised $55 million in Series F funding to bring its total venture capital funding to $105 million, the company announced Tuesday (Oct. The company said it will use the new funds to “enhance its product and integration ecosystem to enable these businesses to experiment and launch increasingly sophisticated revenue models.”.

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PYMNTS

AUGUST 17, 2020

When it comes to fraud threats, no company — large or small — is immune. The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts.

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PYMNTS

NOVEMBER 19, 2019

Ant Financial is worth around $150 billion, making it one of the most valuable private sector FinTech companies in the world. Ant Financial produced a pre-tax profit in the neighborhood of around $200 million, according to Alibaba’s yearly report. billion) in capital and local control. billion) in capital and local control.

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PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

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Fintech Taxes Capital Analysis 154

PYMNTS

DECEMBER 5, 2016

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. But the world is full of unexpected costs — just ask the team at CAN Capital.

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