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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

to stop charging eateries a 30 percent fee on each order through the delivery company’s DashPass subscription offering, Reuters reported, citing an unnamed source. News of the reported letter comes on the heels of DoorDash reaching a $2.5 The letter that was sent to the delivery company on Tuesday (Dec. billion valuation.

DC 226
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DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

DoorDash said more than 390,000 businesses harness the app, according to a published report that cited the firm’s prospectus. The company’s IPO commences a busy time for companies to hit the markets, with Airbnb scheduled to go public on Thursday (Dec.

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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

Industry 152
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ID Experts Light Up Portland

PYMNTS

Early in August, The Oregonian reported that a private equity firm had paid more than $50 million to acquire Tigard-based ID Experts, a cybersecurity firm founded in 2003. In 2014, ID Experts reported $22.8 The new owners of ID Experts are Peloton Equity and Trident Capital. A lot has been happening for a firm called ID Experts.

Portland 100
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan. The ability to help our tenants get to the other side of the mandated closures became front and center of our marketing efforts.

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Fintech Policy in the US – Things Are Things Heating Up

FICO

It’s August and it’s hot in Washington DC. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. Much of the latest buzz has come from the recently released Treasury report which focuses largely on the Trump administration’s outlook for financial innovation.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

Cava has around 30 restaurants in the DC, LA, and NYC markets, and its packaged dips and spreads are sold in more than 200 Whole Foods Market stores. The company has a digital-first strategy, and reports roughly a third of its business runs through its app. Select VC Investors: Khosla Ventures, Social Capital.

Maine 70