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Gulf Capital, a ‘de novo’ bank, to launch without legacy tech

Bank Innovation

Gulf Capital Bank, Houston’s first new bank to launch since 2009, will open its doors by early next year. Ed Jones, chairman and CEO, told Bank Innovation that the new institution will focus on […].

Capital 244
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GCB raises $93M to build digital tools for customers

Bank Innovation

Houston-based Gulf Capital Bank recently completed a capital raise of $93 million. Bank CEO Ed Jones wants Gulf Capital to model community banking relationships, in which […].

Houston 273
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How Collectives Aim To Make Cities Into Blockchain Centers

PYMNTS

A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation. Factom , whose website describes the firm as a “blockchain innovations company,” is likely the oldest such company in the region and is five years old this month, according to Harris.

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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. Houston-based First Service Credit Union has selected a third-party provider’s digital banking suite to enhance its members’ online access to financial services.

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Airbnb Challenger WhyHotel Scores $20M For Luxury Room Rentals

PYMNTS

The funding round was led by Harbert Growth Partners, with other participants including Highland Capital Partners, Camber Creek, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and former Bain Capital Partners MD Mark Nunnelly all participated in the round.

Arlington 130
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Einride Presses The Pedal On Autonomous Delivery

PYMNTS

Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. Scant information was immediately available from Einride, which appears poised to use that capital to expand internationally and otherwise continue development of its electric Einride Pods. For instance, Kroger Co., Freight Play.

Houston 116
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Neiman Marcus Emerges From Chapter 11

PYMNTS

We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Bankruptcy Court for the Southern District of Texas, Houston Division. They see an opportunity to grow and support the retailer in issues of sustainability, van Raemdonck said. The plan was approved by the U.S.