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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

Plus, Delivery Hero is launching an early-stage venture capital (VC) firm. Germany’s Delivery Hero Introduces Its Own Venture Capital Fund. Mobileye Expands Self-Driving Vehicle Tests To Detroit, Tokyo, Paris, Shanghai. Checkout.com Closes $450 Million Series C For $15 Billion Valuation. Checkout.com, a U.K.-based

Detroit 135
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How loan-hungry Ally is preparing for the Fed's upcoming speed limit

American Banker

The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.

Detroit 28
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Vroom eCommerce Sales Platform Raises $254M

PYMNTS

Durable Capital Partners led the round, and T. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products.

Detroit 131
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Millennials Represent Nearly 3 of 5 New 1Q Account Openings at Ally

Bank Innovation

The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.

Detroit 186
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Little Caesars Teams With DoorDash For Delivery

PYMNTS

Little Caesars, which is based in Detroit, Michigan, has stores in 24 countries and all 50 U.S. In November, reports surfaced that DoorDash, which is backed by investing giants such as Sequoia Capital and SoftBank Group, had notched a $100 million investment. The new capital was courtesy of the T.

Detroit 153
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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Last month, Gilbert sought an IPO for $3.3 which is owned by Gilbert.

Cleveland 233
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Rocket Cos, Quicken Loans Parent, Files IPO 

PYMNTS

Securities and Exchange Commission, the Detroit-based parent of Quicken Loans and Rocket Mortgage will go public under the name Rocket Companies. Rocket Companies, one of the nation’s largest mortgage lenders and parent of Quicken Loans , filed its initial public offering (IPO) late Tuesday (July 7). In its application with the U.S.

Detroit 135