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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. The system was created over years through an effort involving the Bill & Melinda Gates Foundation and the State Bank of Pakistan, with help from the United Nations, the U.K. Germany’s Delivery Hero Introduces Its Own Venture Capital Fund.

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Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

Detroit-based Rocket Companies, which owns the Dan Gilbert -founded company Rocket Mortgage , is seeking an initial public offering (IPO) for $3.3 Gilbert, who also owns the National Basketball Association (NBA) team the Cleveland Cavaliers , controls 79 percent of the voting power for the company’s common stock.

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VCs Back Autobooks For SMB Banking

PYMNTS

The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We

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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. REITs are not exactly a source of good or even consistent news these days. But apparently they’re doing something right in Philadelphia.

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Ally Financial Reaches Truce with Activist Investor Lion Point

American Banker

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. More About Deepti Dhar’s Bright Paths Project: Welcome to Stock Market.

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The Cashless Top 10

Tomorrow's Transactions

Having said that, it is debit card nation that is actively working to get rid of cash. In case you’re wondering, that’s me drinking French champagne in a toast to celebrate that France took over from the UK as the card fraud capital of Europe in 2013. From Search Results belgium ].

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