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Lalamove Launches Delivery Services In Dallas

PYMNTS

Same-day delivery service provider Lalamove has launched its services in the Dallas/Fort Worth area to help small- to medium-sized businesses (SMBs) make quicker deliveries, according to a press release. Lalamove has been operating since 2013 and has 22 markets in Asia, Latin America and North America.

Dallas 131
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff. This is the digital bank’s fourth acquisition of a working capital loan portfolio.

Capital 130
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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New Cannabis Holding Company Led By PRØHBTD CEO Raises $25M

PYMNTS

A cannabis consumer goods and marketing holding company led by PRØHBTD CEO and Founder Drake Sutton-Shearer has launched with $25 million in funding, according to a Sept. Dallas-based Cresco Capital led the funding round, bringing the total investment in Future State Brands to $25 million. 20 press release.

Company 116
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Opendoor, Zillow Rival Perch Raises $220M

PYMNTS

The funding, which is a combination of equity to fund operations and debt to fund home purchases, was led by FirstMark Capital , with participation from Accomplice and Juxtapose. After launching in San Antonio in early 2018, Perch has expanded to Dallas-Fort Worth, with more markets planned.

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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. cities, such as Austin and Dallas in Texas and Nashville, Tennessee. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc. and Deutsche Bank Securities, Inc.

Nashville 128
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This year we expect another year of market-leading growth. Noting that existing Carvana markets grew by 84 percent, he said, “The company’s four oldest markets each more than three years old grew by 50 percent and our oldest cohort of Atlanta grew by 18 percent. New Markets. In 2019, we increased GPU by $750.

Company 130