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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

million in a seed funding round led by VC firm PivotNorth Capital. On the delivery end, Darkstore has partnered with a spread of startups and local and national courier and major shipping companies to then ship out same-day. Darkstore already operates in San Francisco, Phoenix and New York City.

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Postmates Raises $300M In Venture Funding; Gives Tiger Global Management Seat On Board

PYMNTS

Postmates said it completes millions of deliveries each month, generates more than a billion dollars in gross merchandise volume annually and is profitable in 90 percent of the markets in which it operates. The model has grown by 300 percent year over year, with one in two orders on the platform placed via Unlimited, across multiple markets.

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Team USA Launches Omnichannel Strategy For Olympic Retail

PYMNTS

professional sports leagues such as the National Basketball Association (NBA) and the National Football League (NFL). Last year, it closed a $1 billion venture capital round , according to news reports from Reuters. The Economics. Fanatics is hardly the only retailer to take advantage of pop-up stores.

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Chapter 11 Watch: Sears Watch, Restaurant Woes And Kim Kardashian’s Bodyguard

PYMNTS

“Recent reports have suggested that Kmart will cease its operations. According to Nation’s Restaurant News , Cortland Capital Market Services LLC, which holds about $35.7 According to USA Today , Don Pablo’s operated 120 locations in the U.S. A week after a report from Fitch Ratings named Sears Holding Corp.

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Can A Poverty-Fighting Tool In Bhopal Work For Customers In Brooklyn?

PYMNTS

Microlending programs and products have mostly been associated with consumers in developing nations – particularly in sub-Saharan Africa – over the last decade. But what has gotten less attention – largely because the practice is less common – is how microlending operations play out in developed nations like the U.S.

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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

capital appreciation and dividends. Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. Congratulations to them.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM.