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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. AMW Packaging will continue to operate out of its Phoenix, Arizona, location.

Industry 181
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Building Vendor Trust With Virtual Cards

PYMNTS

Such solutions help construction firms resolve balances while providing their business partners with crucial access to working capital. Virtual cards move payments quickly,” Phoenix said. “We Checks take longer to reach vendors,” Phoenix said. It’s for a particular vendor for a particular invoice,” Phoenix said.

Cards 116
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Alphabet-Backed Healthcare Startup, One Medical, To IPO

PYMNTS

One Medical is backed by technology and management firm 1Life Healthcare and will trade under the symbol “ONEM.” Other investors include Benchmark Capital Partners, which owns 13 percent, and Oak Investment Partners, with 11.4 Amir Rubin, a former UnitedHealth group executive, succeeded Lee.

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Virtual Cards Can Be Valuable For Analog Industries

PYMNTS

Even so, the global construction management software market is projected to expand at a compound annual growth rate (CAGR) of 9.2 The latest Workforce Spend Playbook explores new solutions that are enabling construction firms and other SMBs to maximize their capital, pinpoint cost-saving opportunities and improve their cash flows.

Industry 169
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. are acting as joint book-running managers for the offering. William Blair & Company, LLC, BMO Capital Markets Corp. and JMP Securities, LLC are acting as co-managers. “I Carvana Co.,

Nashville 128
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UPS Invests In Autonomous Driving Firm TuSimple

PYMNTS

Reuters is reporting that the world’s biggest package delivery company has a venture capital arm called UPS Ventures, and that the announcement underscores how much easier it is to develop self-driving technology for freight trucks rather than passenger cars. But the technology has a ton of implications today.”.

Tucson 100