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SoftBank Announces $100M Fund For Minority-Led Startups

PYMNTS

In a widely-reported letter to employees, Marcelo Claure , SoftBank’s chief operating officer, noted that the new Opportunity Growth Fund “will be the biggest fund providing capital to black Americans and people of color.”. “This is our opportunity to remove those barriers for a new generation of founders.” ”

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

Take a look at how they operated before the pandemic. Then there was the dependency on shipping, and warehouses, and related reliability issues — and the mall owner who took the time and capital to drive foot traffic. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor.

Retail 295
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Best Buy’s Board Loses Former CEO

PYMNTS

In his place, corporate venture capital leader Claudia Fan Munce assumed his seat on the board as of Monday, though Anderson will remain with the retailer until its yearly shareholder conference in June. “I Paul Business Journal explained. “It

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Acronym of the Year. Has to be M-O-E. The most important aspect of this deal is Huntington.

Fintech 147
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Transportation-As-A-Service: The Future Of Smart Commuting

CB Insights

The following is a guest post by Paul Asel, managing partner at NGP capital. Innovations in urban mobility must address three key consumer interests: commute times, transportation costs and convenience. Sources: NGP Capital analysis based on Moovit, AllTransit, Inrix, Nexar, city government data. Smart commuting: A better model.

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

But as the pandemic has progressed it has become increasingly clear that Target is also laying claim to the paycheck, and is often more innovative and digital-first than Walmart. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. The more standard one is the Capital One-issued rewards card.

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. It is an innovator with tech (e.g., The Tech Award – Goes to Capital One.

Idaho 148