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Social Calendar App IRL Lands $16M In Series B Funding Round

PYMNTS

“This new funding will allow us to. The initiative is being led by Goodwater Capital, the Silicon Valley tech investor; Founders Fund, the San Francisco-based venture capital firm; Floodgate, the venture capital company of Palo Alto, California; and New York-based Raine Group LLC, the global merchant bank focused on tech companies. .

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Fintech’s Power Grab — in The New York Times

Bank Innovation

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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Fitness Platform Raises $5M For Online Workouts

PYMNTS

Looking beyond COVID-19, Wall Street is betting the at-home fitness boom will outlast the social distancing era. Bloomberg News reported NEOU , the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp.,

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. How Banks Can Leverage: While not exactly a banking innovation, banks can better allocate capital to COIs. Pair the newly hired COI with an organized banker and the new accounts will follow. These striking designs paid for themselves in media exposure.

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L’Oréal, Instagram Lead Late-Year Social Commerce Push

PYMNTS

“So it’s no surprise that Instagram is making moves to replicate TikTok’s most popular features — especially in areas where TikTok hasn’t already amassed a strong foothold, like Brazil,” says social media fan site Later. “In In practice, that means turning customers into influencers via a social selling technology platform.

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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. It has a network of dry cleaners (40 currently in New York City) that are happy for the extra revenue.

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Luxury Retail Finds New Avenues As Brick-And-Mortar Fades

PYMNTS

The company has raised a total of $288 million in funding from venture capital and private equity backers, including Great Hill Partners, Greycroft, PWP Growth Equity, Sandbridge Capital, Industry Ventures and Canaan. Its new store offers a mix of women’s ready-to-wear items, along with jewelry, fine watches, home decor and art pieces.

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